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IFSCA Grade A 2023 Overview

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IFSCA Grade A 2023 Overview

IFSCA (International Financial Services Centres Authority) has announced the vacancies of 20 Assistant Managers. This is a golden opportunity for aspirants who are looking for a government job. Online application has already started from February 11, 2023. A total of 20 vacancies have been announced for IFSCA Grade A posts. We are providing you with the direct link to apply for these vacancies.

IFSCA Grade A Notification 2023

The notification of IFSCA Grade A was announced on February 11, 2023. IFSCA (International Financial Services Centres Authority) is a statutory regulatory body established by an Act of Parliament, to develop and regulate the financial services market in the International Financial Services Centres in India.

IFSCA Overview

OrganizationInternational Financial Services Centres Authority
Exam NameIFSCA Exam 2023
PostAssistant Manager
Vacancy20
CategoryGovernment Jobs
Selection ProcessPhase I, Phase II, Interview
Application ModeOnline
Official Websitehttps://www.ifsca.gov.in

IFSCA Grade A 2023 Important Dates

All the important dates related to IFSCA Grade A are mentioned below: 

EventsImportant Dates
IFSCA Recruitment 2023 Notification Released11 February 2023
IFSCA Recruitment 2023 Online Application Start Date11 February 2023
Last Day to Apply Online for IFSCA Recruitment 202303 March 2023
Release of IFSCA Admit Card 2023Will be sent through email/SMS one week before the exam
IFSCA Phase I ExamMarch/April 2023
IFSCA Phase II ExamApril/May 2023

IFSCA Grade A 2023 Vacancies

Category Vacancy
UR10
EWS1
OBC5
SC3
ST1
Total20

IFSCA Grade A 2023 Eligibility Criteria

Aspirants should ensure that they meet all the eligibility criteria before applying online.

Educational Qualification

Master's Degree with specialization in Statistics/ Economics/ Commerce/Business Administration (Finance) /Econometrics.

or

Bachelor's degree in Information Technology/ Computer Science/ Master's in Computer Application/Information Technology.

or

Bachelor's degree in commerce with CA, CFA, CS, ICWA.

or

Bachelor's degree in Law or in any other discipline from a recognized University.

Age Limit

Maximum: 30 years

Note: The maximum age limit is subject to the below relaxation-

  • 5 years for SC/ST
  • 3 years for OBC

IFSCA Grade A 2023 Selection Process

Phase I (Online examination consisting of two papers of 100 marks each) => Phase II (online examination consisting of two papers of 100 marks each) => Phase III (Interview)

Phase I Online Exam

An online screening examination consisting of two papers (Multiple Choice questions of 100 marks each) will be held in March/April 2023 (tentatively). The exam will consist of:

PaperStreams/ SubjectsMaximum MarksDurationCut off
  Paper 1Multiple choice questionsGeneral awareness (financial sector) -25 questions X 1 mark eachEnglish language – 25 questions X 1 mark each Quantitative Aptitude – 25 questions X 1 mark each Test of Reasoning- 25 questions X 1 mark each  100  60 minutes  30%
  Paper 2Multiple choice questions on General knowledge, Current events of national and international importance, Economic and social development (sustainable development, poverty, inclusion, and demographics), Commerce, Accountancy,Management, Finance and costing, Indian Economy, Global Economy, Five-year plans, Central Government's initiatives/ Schemes in the financial sector.(50 questions X 2 marks each)  100  60 minutes  40%
 Aggregate Cut off  40%

Note:

  1. There shall be negative marking (1/4th of marks assigned to the question) for the Paper 1 and Paper 2 in Phase I.
  2. There shall be a cut-off of minimum 30% for Paper 1 (no sectional cut-off shall be there) and a cut-off of minimum 40% for Paper 2 in Phase I.
  3. Candidates would need to secure separate cut-off in each paper as mentioned at (ii) above as well as aggregate cut-off marks of 40% in Phase I exam to be shortlisted for Phase II. Marks obtained in Phase I shall be used only for shortlisting the candidates for Phase II examination process and will not be counted for final selection of the candidates.
  4. Subject to the criteria mentioned at 3 above, all the candidates who clear Phase I shall be shortlisted for Phase II. List of candidates shortlisted for Phase II will be made available on IFSCA website.
  5. All question papers except the test of English will be set bilingually in Hindi and English.

Phase II On-Line Examination:

An on-line examination consisting of two papers of 100 marks each will be held in April/ May 2023 (tentatively). The papers shall be as follows:

Paper Maximum MarksDurationCut offWeightage
Paper 1English (Descriptive Test)(a) Precis Writing – 35 marks(b) Essay writing – 30 marks(c) Comprehension- 35 marks10060minutes30%1/3rd
  Paper 2Multiple choice questions on subjects like IFSCA Act, Union Budget, Economic Survey, Banking, Capital Market, Insurance, Pension Funds, Bullion, GIFT City, GIFT IFSC, IFSCA, Global Financial Centres etc.(50 questions X 2 marks each)  10060minutes  40%  2/3rd
 Aggregate Cut off  40% 

Note:

  1. Candidates shortlisted for Phase II will be issued new Hall Tickets.
  2. There shall be negative marking (1/4th of marks assigned to the question) for Paper 2 in Phase II
  3. There shall be a cut-off of minimum 30% for Paper 1 and a cut-off of minimum 40% for Paper 2 in Phase II.
  4. Candidates would need to secure separate cut-off in each paper as mentioned above as well as aggregate cut-off marks of 40% in Phase II exam (weightage of 1/3rd for Paper 1 and 2/3rd for Paper 2) to be shortlisted for Phase III.
  5. Subject to the criteria mentioned above, candidates equaling 3 times the number of vacancies shall be shortlisted, in order of merit, for Phase III i.e. the Interview. List of candidates shortlisted for Interview will be made available on IFSCA website.
  6. All question papers except the test of English will be set bilingually in Hindi and English.

Phase III- Interview

Only the shortlisted candidates will be called for interview. Application fee shall not be refunded to the candidates not shortlisted for Phase II and Interview. Weightage of marks obtained in Phase II will be 85%, while marks obtained in interview shall be given a weightage of 15%.

IFSCA Grade A 2023 Online Application

Online application has already started from February 11 to March 3, 2023. Applications will be accepted only when you have applied online and have paid the application fee. You can apply online by clicking the link below.

IFSCA Recruitment 2023 Online Applicatoin Link

Steps to Apply

  1. Visit the official website of IFSCA by clicking the above link
  2. Enter the asked details- Your name, email, and mobile number
  3. A provisional registration number and password will be sent to your registered Email and Mobile number
  4. On receiving the registration no. and password, log in with those details to complete the application procedure
  5. Fill up the personal, academic details, and communication details carefully
  6. Upload the photograph, signature, Left Hand Thumb Impression, and other required details
  7. Verify the details entered in the form before paying the application fee
  8. Pay the required application fee
  9. Your application form for IFSCA Recruitment 2023 will be accepted provisionally.

Application Fee

Category of ApplicantAmount of Fee (Non-refundable)
Unreserved/OBC/EWSsRs. 1000/- as application fee cum intimation charges
SC/ STRs. 100/- as intimation charges

IFSCA Grade A 2023 Salary

The pay scale of officers in Grade A is Rs. 44500- 2500(4)- 54500- 2850(7)- 74450-EB- 2850(4)- 85850- 3300(1)- 89150 (17 years). Presently, the gross emolument including IFSCA's Contribution towards National Pension Scheme (NPS), Grade Allowance, Special Allowance, Dearness Allowance, Family Allowance, Local Allowance etc. at the minimum of this scale is approx. Rs. 1,43,000/- p.m. Other benefits viz., Leave Fare Concession, Medical Expenses, Eye Refraction, Education Allowance, Financial Dailies, Book Grant, Briefcase, Conveyance Expenses, House Cleaning Allowance, Staff Furnishing Scheme, Scheme for Purchasing Computers, Subsidized Lunch Facility and all other benefits as admissible to an Officer in Grade A in IFSCA.

IFSCA Grade A 2023 Exam Centres

Ahmedabad/ GandhinagarHyderabad/ RangareddyNasik
AgartalaIndoreNew Delhi-NCR
Aurangabad (MH)JaipurPanaji
BengaluruKanpurPatna
BhubaneswarKochi/ ErnakulamPrayagraj
Chandigarh/ MohaliKolkata/ Greater KolkataPune
ChennaiLucknowRaipur
CoimbatoreMaduraiRanchi
DehradunMeerutSiliguri
GuwahatiMumbai/ Greater Mumbai/ Navi Mumbai/ ThaneSurat
HaldwaniMuzzafarpurVijayawada
Hubli – DharwadNagpurVishakhapatnam

Note:

  • Candidates can provide their preference of upto three centers for Phase I and one center for Phase II in the online application.
  • The choice of Center by candidates for Phase I and Phase II Examinations can be different and must be indicated in the online application.
  • Candidates will appear for the examination at an Examination Centre at their own risks and expenses. IFSCA does not make any arrangements for boarding/lodging of candidates. IFSCA will not be responsible for any injury or losses etc. of any nature during the course of Examination.

Exam Date

March/ April 2023

Total Vacancies

20

Pricing Plan

Flexible pricing options for all the aspirants
Recommended
IFSCA Grade A Phase 1 (Paper 1 + Paper 2)

₹ 599

31st December, 2023
  • 5 Phase 1 Paper 1 Mock Tests
  • 5 Phase 1 Paper 2 Mock Tests

FAQs

What is the maximum age limit for IFSCA Recruitment 2023? Is there any exemption?

The maximum age limit is 30 years. Exemptions of 5 years is for SC/ST candidates and 3 years is for OBC candidates.

How many vacancies are there for UR category? +

There are 20 vacancies out of which 10 vacancies are there for the UR category.

I’m a CS. Can I apply? +

Yes! If you already have a Bachelor’s degree in commerce, you can apply.

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