IFSCA Grade A 2023 Salary: International Financial Services Centres Authority (IFSCA) is a statutory regulatory body whose motive is to regulate the financial markets in IFS Centres in India. Recently on 11th February 2023, the IFSCA released a notification inviting applications from eligible and interested candidates for the post of Assistant Manager.
In this blog, you’ll get the complete details of IFSCA Grade A Salary with a Free Mock Test to start and speed up your exam preparation.
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IFSCA Grade A 2023 Basic Salary
All those aspirants who dream of getting appointed as IFSCA Grade A Assistant Managers can enjoy a basic pay of Rs 44,500. And, as they’ll grow or will move to further stages in the coming years their salaries will increase. The pay scale for IFSCA Grade A officers is Rs. 44500- 2500(4)- 54500- 2850(7)- 74450- EB- 2850(4)- 85850- 3300(1)- 89150 (17 years).
Note: It’s important to distinguish between basic pay and gross pay. The total of your salary plus all of your allowances is your gross pay.
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IFSCA Grade A 2023 Salary Structure
Well, the IFSCA Grade A Salary is quite lucrative and impressive. The aspirants who will start their careers or join as IFSCA Grade A Assistant Managers will be enjoying several benefits. The basic salary will start from Rs 44500. For the detailed IFSCA Grade A Salary Structure, the aspirants must check out the table given below:
| Time Period | Basic Pay (in Rs) | Increment (in Rs) |
| Starting Pay | Rs 44500 | Rs 2500 every year |
| After 4 Years | Rs.54500 | Rs. 2850 every year |
| After 7 Years | Rs 74450 | Rs. 2850 every year |
| After 11 Years | Rs 85850 | Rs. 3300 every year |
| After 12 Years to 17 years | Rs 89150 (Maximum Pay) |
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ALSO READ: IFSCA Grade A (Assistant Manager)-Detailed Syllabus & Exam Pattern
IFSCA Grade A 2023 Allowances & Benefits
It is important to get enlightened about the allowances that IFSC offers the selected candidates apart from the IFSCA Grade A Salary.
Here is a list of IFSCA Grade A Allowances:
- Grade Allowance
- Special Allowance
- Dearness Allowance
- Local Allowance
- Family Allowance
- Medical Expenses
- Leave Fare Concession
- Financial Dailies
- Book Grant
- Eye Refraction
- Education Allowance
- House Cleaning Allowance
- Staff Furnishing Scheme
- Briefcase
- Conveyance Expenses
- Scheme for Purchasing Computers
- Subsidized Lunch Facility, etc.
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IFSCA Grade A 2023 Probation Period & Career Growth
Each applicant hopes for successful career advancement. Knowing the potential for career advancement in the relevant department is therefore crucial. The potential employees should be aware that they will first be hired for a two-year probationary period and subsequently, based on their performance, transformed into confirmed employees.
FAQs-IFSCA Grade A (Assistant Manager) Salary 2023
Ans. The basic IFSCA Grade A Salary is Rs 44,500.
Ans. The gross emoluments that the candidate gets are Rs 1,43,000 per month.
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