IFSCA Recruitment 2023 for Assistant Manager | 20 Posts | Last Date : 03 March 2023

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IFSCA Recruitment 2023 notification announced for the posts of Assistant Manager ( General ) in various disciplines. There are totally about 20 vacancies available for above mentioned posts. Candidates with the qualification of B.E/B.Tech/M.A/M.Com/MBA/CA/ICWA/CFA/CS/B.L are eligible to apply for the jobs. The interested and eligible candidates can apply for the job through online mode. The detailed eligibility and selection process are explained below.
IFSCA Recruitment

IFSCA Recruitment 2023 for Assistant Manager:

Job Role Assistant Manager
Qualification B.E/B.Tech/M.A/M.Com/MBA/CA/ICWA/CFA/CS/B.L
Total Vacancies 20 Posts
Salary Rs. 44,500 – 89,150 /-
Experience Freshers
Job Location Across India
Last Date 03 March 2023

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 in any other discipline from a recognized University.

Age Limit ( As on 01 February 2023 ) : A candidate must not have exceeded the age of 30 years.

Age Relaxation :

  • The upper age-limit prescribed above will be relaxable up to a maximum of five years for candidates belonging to a Scheduled Caste or a Scheduled Tribe if the posts are reserved for them.
  • The upper age-limit prescribed above will be relaxable up to a maximum of three years in the case of candidates belonging to Other Backward Classes.
  • Relaxation of 10 years for PwBD candidates shall be applicable whether the post is reserved or not.
  • Relaxation of 13 years for PwBD (OBC) candidates where vacancies are reserved for OBC candidates.
  • Relaxation of 15 years for PwBD (SC/ST) candidates where vacancies are reserved.

Salary : Rs. 44,500 – 89,150 /-

No.of.Vacancies : 20 Posts

Selection Process of IFSCA Recruitment 2023 :

  • The selection process includes Online Examination / Interview.
  • This process consisting of three phases.

Phase I – On-Line Examination: 

  • An online screening examination consisting of two papers (Multiple Choice questions of 100 marks each).
  • The time duration for each paper is 60 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.
  • 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.
  • Subject to the criteria mentioned at (iii) 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.
Paper Streams/ Subjects Cut off
Paper 01 General awareness – 25 questions  English language – 25 questions  Quantitative Aptitude – 25 questions Test of Reasoning- 25 questions 30 %
Paper 02 Multiple choice questions on General knowledge,Current events of national and international importance, Economic and social development , 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) 40 %
Aggregate Cut Off  40 %

Phase II – On-Line Examination:



  • An on-line examination consisting of two papers of 100 marks each.
  • The time duration for each paper is 60 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 minimum 30% for Paper 1 and a cut-off of minimum 40% for Paper 2 in Phase II.
  • 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.
  • 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.
  • Note: All question papers (in both the Phases, except the test of English) will be set bilingually in Hindi and English.
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
Aggregate Cut off 40 %

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 reserves the right to modify the selection procedure, if deemed fit.
  • The venue for the Interview will be intimated to the shortlisted candidates in their interview call letters.

Application Fees :



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

How to apply for IFSCA Recruitment 2023 ?

The interested and eligible candidates can apply for the job through online mode in their official website on or before 03 March 2023.

For more details : Click here

To Apply : Click here

Important Dates :

  • On-Line Application and Payment of fee On-Line  : 11 February 2023 to 03 March 2023
  • Commencement of on-line registration of application : 11 February 2023
  • Closure of registration of application : 03 March 2023
  • Closure for editing application details : 03 March 2023
  • Last date for printing your application : 18 March 2023
  • Availability of Call Letters on IFSCA website (for On-Line Examinations) : Will be intimated by email / SMS one week before the exam.
  • Phase I On-Line Examination : March/ April 2023
  • Phase II On-Line Examination :  April/ May 2023
  • Phase III Interview : Dates will be intimated.