IFSCA Grade A Notification

IFSCA Grade A Notification

The notification of IFSCA Grade A was announced on March 27, 2024. 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

IFSCA Grade A 2023 Important Dates

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

IFSCA Grade A Vacancies

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 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:

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:

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.

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

IFSCA Grade A 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

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.