IFSCA ASSISTANT MANAGER 2023 NOTIFICATION OUT: APPLY BY 3RD MARCH

Updated On : 14 Feb, 2023

IFSCA ASSISTANT MANAGER RECRUITMENT 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.

IFSCA ASST. MANAGER IMPORTANT DATES 2023:

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 

IFSCA ASST. MANAGER 2023 UPDATES:

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 

  • Phase 1: Online Examination

  • Phase 2: Online Examination

  • Phase 3: Interview

Official website

Click here

Official notice 

Click here

Apply link 

Click here

ELIGIBILITY CRITERIA OF IFSCA ASST. MANAGER 2023:

Age Limit 

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

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

APPLICATION PROCESS FOR IFSCA ASST. MANAGER:

  • 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. 

Application Fee

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.

EXAMINATION PATTERN OF IFSCA 2023 ASSISTANT MANAGER:

Phase 1 

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%

Phase 2 

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%


Interview

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%.

VACANCY DETAILS OF IFSCA 2023 ASSISTANT MANAGER:

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 

SALARY STRUCTURE OF IFSCA ASST. MANAGER 2023:

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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