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IFSCA Grade A Notification 2024

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IFSCA Grade A Notification 2024 

The notification of IFSCA Grade A was announced on the official website. 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 Grade A Notification Overview

OrganizationInternational Financial Services Centres Authority
Exam NameIFSCA Exam 2024
PostAssistant Manager
Vacancy15
CategoryGovernment Jobs
Selection ProcessPhase I, Phase II, Interview
Application ModeOnline
Official Websitehttps://www.ifsca.gov.in

IFSCA Grade A 2024 Important Dates

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

IFSCA Grade A Recruitment 2024 Important Dates
EventsPrevious DatesReopens Date
IFSCA Grade A Recruitment Notification27th March 202427th March 2024
Start Date of Apply Online28th March 20246th June 2024
Online Application Last Date08th May 202414th June 2024
Last Date to Print Online Application Form23rd May 202429th June 2024
IFSCA Grade A Phase I Exam DateTo be NotifiedTo Be Updated Soon
IFSCA Grade A Phase II Exam DateTo be NotifiedTo Be Updated Soon
IFSCA Grade A Interview DateTo be NotifiedTo Be Updated Soon

IFSCA Grade A Vacancies

Category Vacancy
UR3
EWS2
OBC3
SC1
ST1
Total10

IFSCA Grade A 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 (as on 01.02.2024)

Maximum: 30 years as on February 1, 2024

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

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

IFSCA Grade A 2024 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 June/July 2024 (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)
Legal Stream
Multiple choice questions on Specialized subject related to stream (Please refer Annexure 2)
  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 June/July 2024 (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 2

Multiple 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)
Legal Stream

Multiple choice questions on Specialized subject related to stream (Please refer Annexure 2)

  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 2024 Online Application

Online application has been already started on the official website. Applications will be accepted only when you have applied online and have paid the application fee.

Steps to Apply Online For IFSCA Grade A Notification 2024 

  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 2024 will be accepted provisionally.

IFSCA Grade A Application Fee 2024

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 Salary 2024

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

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.

FAQs

What is the maximum age limit for IFSCA Recruitment 2024? 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 15 vacancies out 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.

How can I apply for IFSCA 2024 Recruitment? +

Candidates can apply for IFSCA Recruitment 2024 by following the step-wise procedure mentioned.

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