The International Financial Services Centres Authority is going to conduct a written examination in a very short time at various venues against the Assistant Manager posts. And IFSCA Assistant Manager Admit Card is in the process to upload at the official website of the department shortly. Aspirants, who had applied against 20 AM Recruitment Notification from 11 February 2023 to 03 March 2023, may download IFSCA Call Letter through the link of the authorized site. Stay connected with this page for the latest updates.
Department Name | International Financial Services Centres Authority (IFSCA) |
Important Dates-IFSCA Officer Grade A Recruitment Application Started: 11/02/2023 Last Date for Apply Online IFSCA Assistant Manager Jobs: 03/03/2023 Pay Exam Fee Last Date: 03/03/2023 Phase I Exam Date: March / April 2023 Phase II Exam Date: April / May 2023 IFSCA Assistant Manager Admit Card Issuing Date- Update Soon | |
Posts Name | Assistant Manager (General) |
Vacancies Details | General (UR: 10 OBC : 05 EWS : 01 SC : 03 ST : 01 Total : 20 |
Salary per Month | Pay: The pay scale of officers in Grade A is Rs. 44500-2500(4)-54500-2850(7)-74450-EB-2850(4)-85850-3300(1)- 89150 (17 years) |
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).
Paper Streams | Subjects | Maximum Marks | Duration | Cut off |
Paper 1 | Multiple choice questions (a) General awareness (financial sector) -25 questions X 1 mark each (b) English language – 25 questions X 1 mark each (c) Quantitative Aptitude – 25 questions X 1 mark each (d) Test of Reasoning- 25 questions X 1 mark each | 100 | 60 minutes | 30% |
Paper 2 | 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 100 60 minutes 40% Page 3 of 13 Economy, Global Economy, Five-year plans, Central Government’s initiatives/ Schemes in the financial sector. (50 questions X 2 marks each) | 100 | 60 minutes | 40% |
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 | Maximum Marks | Duration | Cut off |
Paper 1 | English (Descriptive Test) (a) Precis Writing – 35 marks (b) Essay writing – 30 marks (c) Comprehension- 35 marks | 100 | 60 minutes | 30% |
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) | 100 | 60 minutes | 40% |
(i) Candidates shortlisted for Phase II will be issued new Hall Tickets.
(ii) There shall be negative marking (1/4th of marks assigned to the question) for Paper 2 in Phase II
(iii) 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.
(iv) 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.
(v) 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.
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.
Candidates will have to visit the website www.ifsca.gov.in for downloading call letters for online examination. Intimation for downloading call letter will also be sent through email/SMS. Once the candidate clicks the relevant Page 6 of 13 link, he/she can access the window for call letter download. The candidate is required to use (i) Registration Number/Roll Number, (ii) Password/Date of Birth for downloading the call letter. Candidate needs to affix recent recognizable photograph on the call letter which should be the same as provided during registration and appear at the examination centre with (i) Call Letter (ii) Photo Identity Proof as stipulated in this advertisement and also specified in the call letter and (iii) Photocopy of the same Photo Identity Proof as brought in original.
Download - IFSCA Assistant Manager Notification
Download - IFSCA Assistant Manager Hall Ticket
IFSCA Assistant Manager Call Letter
IFSCA AM Admit Card
IFSCA Officers Grade A Admit Card
IFSCA Officers Grade A Hall Ticket
