Updated On : 14 Feb, 2023
International Financial Services Centres Authority (IFSCA) has issued an official notification for the recruitment of Officer Grade A (Assistant Manager) 2023. International Financial Services Centres Authority (IFSCA) 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. GIFT IFSC in GIFT City, Gandhinagar is the maiden IFSC in the country. The IFSC Authority has been empowered to exercise the powers of RBI, SEBI, IRDAI and PFRDA in respect of financial products, financial services, and financial institutions in the IFSC.
Interested and eligible candidates can apply by visiting the official website of the IFSCA from the 11th of February to the 3rd of March 2023. Through this recruitment drive, 20 seats are going to be filled for the post of Officer Grade A (Assistant Manager). If you are also interested, you should read this article because we will be sharing all exam-related information here.
Event | Date |
Application started on | 11.02.2023 |
Last date to apply | 03.03.2023 |
Phase I Online Examination | March/ April 2023 |
Phase II Online Examination | April/ May 2023 |
Phase III Interview | Dates will be intimated |
Exam conducting body | International Financial Services Centres Authority (IFSCA) |
Post name | Officer Grade A (Assistant Manager) |
Application dates | 11.02.2023 to 03.03.2023 |
Application Mode | Online |
Vacancy | 20 |
Selection Process |
|
Official website | |
Official notice | |
Apply link |
To apply for this post, a candidate must be under the age of 30 on February 1, 2023.
Relaxation in upper age is also permissible to some special categories:-
Category | Relaxation in age |
Scheduled Caste/ Scheduled Tribe | Up to a maximum of five years |
Other Backward Classes | Up to a maximum of three years |
PwBD | Relaxation of 10 (ten) years |
PwBD (OBC) | Relaxation of 13 (thirteen) years |
PwBD (SC/ST) | Relaxation of 15 (fifteen) years |
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
Visit the official online portal of IBPS at IBPSOnline.
You will get a link to new registration, fill out your credentials carefully.
After the successful completion of the registration process, your login credentials will be sent to your registered email id.
Now fill out the application form and upload the required documents in the needed size.
Pay the application fee and print the final submission for future reference.
The application fee is non-refundable:-
Category | Application fee |
Unreserved/OBC/EWSs | Rs. 1000/- as application fee-cum-intimation charges |
SC/ ST | Rs. 100/- as intimation charges |
Note:-The payment can be made by using Debit Cards (RuPay/Visa/MasterCard/Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets.
In March/April 2023, an online screening examination consisting of two papers (100 marks each having multiple-choice questions) will be held (tentatively). . The detailed exam pattern is as follows:
Streams/ Subjects | No. of Question | Marks | Duration | Cut-off |
Paper 1 (Multiple choice questions) | ||||
General Awareness (financial sector) | 25 questions | 25 marks | 1 Hour | 30% |
English language | 25 questions | 25 marks | ||
Quantitative Aptitude | 25 questions | 25 marks | ||
Test of Reasoning | 25 questions | 25 marks | ||
Total | 100 | 100 | ||
Paper 2 (Multiple choice questions ) | ||||
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 | 100 marks | 1 Hour | 40% |
Aggregate Cut off | 40% |
In April/May 2023, an online examination with two 100-marks papers will be held (tentatively). This phase's papers will be as follows:
Streams/ Subjects | Marks | Duration | Cut off | Weightage |
Paper 1 English (Descriptive Test) | ||||
Precis Writing | 35 marks | 1 Hour | 30% | 1/3rd |
Essay writing | 30 marks | |||
Comprehension | 35 marks | |||
Total | 100 | |||
Paper 2 (Multiple choice questions) | ||||
IFSCA Act, Union Budget, Economic Survey, Banking, Capital Market, Insurance, Pension Funds, Bullion, GIFT City, GIFT IFSC, IFSCA, Global Financial Centres etc. | 100 marks | 1 Hour | 40% | 2/3rd |
Aggregate Cut off | 40% |
Only those who have been shortlisted will be contacted for an interview. The application fee will not be refunded to candidates who are not selected for Phase II and Interview. Marks obtained in Phase II will be weighted at 85%, while marks obtained in interviews will be weighted at 15%.
The category-wise vacancy details are tabulated below:-
Category | Vacancy |
Unreserved | 10 |
Other Backward Class | 05 |
Schedule Caste | 03 |
Schedule Tribe | 01 |
Economically Weaker Section | 01 |
Total | 20 |
Officers in Grade A are paid Rs. 44500-2500(4)-54500-2850(7)-74450-EB-2850(4)-85850-3300(1)-89150 (17 years).
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