IFSCA Recruitment 2024: Officer Grade A (Assistant Manager)

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IFSCA Recruitment 2024: The International Financial Services Centres Authority (IFSCA) has announced notification for the Officer Grade A (Assistant Manager) posts in various disciplines. There are about Ten vacancies available for the posts mentioned above. Candidates with the qualification of B.E/B.Tech/MA/B.Com/M.Com/MBA/MCA/CA/CFA/CS/ICWA/LLB are eligible to apply for the jobs. Interested and eligible candidates can apply for the job online on or before 21 April 2024. The detailed eligibility and selection process for IFSCA Careers are explained below.
ifsca-recruitment

IFSCA Assistant Manager Recruitment:

The International Financial Services Centres Authority invites applications from Indian citizens for the post of Officer Grade A (Assistant Manager) as per the vacancy mentioned below. IFSCA reserves the right to fill up all the posts or not to fill up the posts at all. The age limit of the candidates should be 30 Years. The selected candidates will be paid Rs. 44,500 – 89,150 /-. The selection process is based on an online examination conducted in two phases an interview. For more details about IFSCA Careers, you can visit the official website, www./ifsca.gov.in.

IFSCA Recruitment 2024 for Officer Grade A (Assistant Manager):

Job Role Officer Grade A (Assistant Manager)
Job Category Govt Jobs
Qualification B.E/B.Tech/MA/B.Com/M.Com/MBA/MCA/CA/CFA/CS/ICWA/LLB
Total Vacancies 10 Posts
Salary Rs. 44500 – 89150/-
Experience Freshers
Job Location Across India
Last Date 21 April 2024

Detailed Eligibility:

Educational Qualification:

Assistant Manager :

  • 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 any other discipline from a recognized University.

Age Limit (As on 01 February 2024): A candidate must not have exceeded the age of 30 years.

Age Relaxation:



  • Relaxation of 10 (ten) years for PwBD candidates shall be applicable whether the post is reserved or not.
  • Relaxation of 13 (thirteen) years for PwBD (OBC) candidates where vacancies are reserved for OBC candidates.
  • Relaxation of 15 (fifteen) years for PwBD (SC/ST) candidates where vacancies are reserved
  • Relaxation of 5 (five) years for Ex-servicemen.

Salary: Rs. 44,500 – 89,150 /-



IFSCA Vacancy Details: 10 Posts

  • UR: 03 Posts
  • OBC: 03 Posts
  • SC: 01 Post
  • ST: 01 Post
  • EWS: 02 Posts

Selection Process of IFSCA Assistant Manager Recruitment:

  • Mode of selection shall be a three-stage process i.e. Phase I (on-line screening examination consisting of two papers of 100 marks each), Phase II (on-line examination consisting of two papers of 100 marks each) and Phase III (Interview).

Phase I – Online Examination: 

  • An online screening examination consisting of two papers (Multiple Choice questions of 100 marks each) will be held in May/June 2024 (tentatively).
  • The exam will consist of:
Paper Streams/ Subjects Maximum
Marks
Cut off
Paper 1
(Common
for both
streams)
Multiple choice questions
General awareness (financial sector) -25
questions X 1 mark each
English 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 30%
Paper 02 General Stream
Multiple 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)
(Please refer to Annexure 1 for detailed syllabus)
100 40%
Legal Stream
Multiple choice questions on Specialized
subject related to stream (Please refer
Annexure 2)
100 40%
Aggregate Cut Off    40%
  • The duration is 180 Minutes
  • There shall be negative marking (1/4th of marks assigned to the question) for the Paper 1 and Paper 2 in Phase I.
  • 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.

Phase II – Online Examination:

  • An online examination consisting of two papers of 100 marks each will be held in June/July 2024 (tentatively).
  • The papers shall be as follows:
Paper Cut off Weightage
Paper 1 – English (Descriptive Test)
(a) Precis Writing – 35 marks
(b) Essay writing – 30 marks
(c) Comprehension- 35 marks
30% 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) 40% 2/3rd
Legal Stream
Multiple choice questions on Specialized
subject related to stream (Please refer
Annexure 2)
40% 2/3rd
Aggregate Cut off 40 %
  • The duration is 180 Minutes
  • Candidates shortlisted for Phase II will be issued new Hall Tickets.
  • There shall be negative marking (1/4th of marks assigned to the question) for Paper 2 in Phase II
  • There shall be a cut-off of a minimum 30% for Paper 1 and a cut-off of a minimum 40% for Paper 2 in Phase II.

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%.

Application Fees :

  • Unreserved/OBC/EWSs: Rs. 1000/- as application fee cum intimation charges.
  • SC/ ST/PwBD: Rs. 100/- as intimation charges.

Payment Mode: 

  • The payment can be made by using Debit Cards (RuPay/Visa/MasterCard/Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets.

How to apply for IFSCA Recruitment 2024?

Interested and eligible candidates can apply for IFSCA Vacancy online on their official website on or before 21 April 2024.

For more details : Click here.

To Apply: Click here.

Important Dates:

  • On-Line Application and Payment of fee Online 28.03.2024 to 21.04.2024
  • Availability of Call Letters on IFSCA website www.ifsca.gov.in (for online examinations): Will be intimated by email/SMS one week before the exam
  • Phase I Online Examination May/ June 2024
  • Phase II Online Examination June/ July 2024
  • Phase III Interview To be intimated

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Reviewed by Prasanth S