APSFC Recruitment 2019 for Managers/Asst Managers | 23 Posts | Last Date: 10 October 2021

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APSFC Recruitment 2021 – Andhra Pradesh State Financial Corporation, Vijayawada has released the job notifications for the post of Managers, Deputy Managers and Assistant Managers for 23 vacancies. Candidates with the qualification of B.E/B.Tech/MBA/CA/LLB with required work experience can apply for this job. The selection process is based on an online test and interview. Eligible candidates can apply for this post online on or before 10 October 2021. Here we discussed the detailed eligibility and application process.

APSFC Recruitment

About APSFC – Andhra Pradesh State Financial Corporation was established in the year 1956 by the Andhra Pradesh government. APSFC is the state-level Development Financial Institution to promote the small and large scale industry in the Andhra Pradesh state. The mains aim of this APSFC is to give the loans for the customers from Rs.800 lakhs to 2000 lakhs limit

APSFC Recruitment 2021:

APSFC Recruitment 2021 for Manager/Deputy Manager/ Assistant Manager: 

Job Role Manager/Deputy Manager/Assistant Manager
Qualification B.E/B.Tech/MBA/PGDM/CA/CMA/LLB
Total Vacancies 23
Experience Experienced
Salary Rs.35,120-1,08,330/-Month
Job Location Andhra Pradesh
Last Date 10 October 2021

Detailed Eligibility:

Educational Qualification:

Manager/ Dy. Manager (Finance):



  • CA/CMA or B.Tech. 1st class with MBA or PGDM (from any reputed B-School) with first-class with min. 60% marks from a recognized University. Experience: For Manager 3 years experience and Dy. Manager 2 years experience

Asst. Manager (Finance) :

  • CA (Inter) or CMA (Inter) or MBA or PGDM from any reputed B-Schools] with first class with min. 60% marks from a recognized University. Proficiency in computer skills like MS Office, Financial modelling etc., is required. Experience: Min. of 1-year experience on a full-time basis in Banks / Financial Institutions

Asst. Manager (Law):

  • First Class Bachelor or Post Graduate Degree in Law in Business / Commercial Laws from a recognized university with min. 60% marks. Proficiency in MS Office is required. Experience: Min. of 3 years of Bar experience in practising Business and allied Civil Laws in High Court

Age Limit (as on 01.08.2021): 21 to 34 years

  • In-service candidates of APSFC: Maximum age limit 45 years

Relaxation in Upper Age limit:

  • SC/ST Candidates 5 years
  • OBC Candidates 3 years
  • Physically Challenged Candidates 10 years

Post-Wise Vacancies:

  • Manager (Finance): 9 Posts
  • Dy. Manager (Finance): 3 Posts
  • Asst. Manager (Finance) : 6 Posts
  • Asst. Manager (Law): 5 Posts

Pay Scale:

  • Manager Rs.66,330 – 1,08,330/-
  • Deputy Manager Rs.49,870 – 1,00,770/-
  • Assistant Manager Rs.35,120 – 87,130/-
APSFC Recruitment Selection Process:
  • The selection of the candidates shall be made on the basis of Online test and interview. The Online test will be conducted in English. All the eligible candidates who apply with the requisite fee and whose applications are received in time will be called for a Online test, which will comprise the following: Online test marks: 200, There shall be Negative Marking for wrong answers in the online examination. Exam question contents would be as under:

Exam question contents:

  • Professional knowledge
  • Reasoning
  • Quantitative Aptitude
  • English
  • General & Financial Awareness (with Emphasis on MSMEs, etc.)

Application Fee:



  • SC/ST: Rs. 590/-
  • General/BC: Rs. 1003/-

How to Apply for APSFC Recruitment 2021?

All interested and eligible candidates can apply for this post online on or before 10 October 2021.

For More Details & Apply: Click here

Important Dates:

  • Opening date for ON-LINE Registration of Application: 16.09.2021
  • Closing date for ON-LINE Registration of Application: 10.10.2021
  • Last date for Payment of Application Fee (ONLINE remittance only through Net Banking/Debit Card): 10.10.2021
  • Online test (tentative): In the month of November, 2021

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