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IFSCA Recruitment 2024 : Apply online for officer Grade A (Assistant Managaer) vacancies
IFSCA invites applications from Indian citizens for Officer Grade A (Assistant Manager) roles, with 10 positions available, out of which 2 are earmarked for the Legal Stream and the remaining 8 for the General Stream. The application window is open from March 28, 2024, to April 21, 2024.
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Organization |
International Financial Services Centres Authority (IFSCA) |
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Exam Name |
IFSCA Recruitment 2024 Notification PDF |
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Post |
Officer Grade A (Assistant Manager) |
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Vacancy |
10 (General Stream: 8, Legal Stream: 2) |
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Category |
Government Jobs |
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Application Mode |
Online |
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Application Dates |
March 28, 2024 - April 21, 2024 |
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Maximum Age Limit |
30 years (as of February 1, 2024) |
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Selection Process |
Phase I and Phase II Online Examinations followed by Interview |
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Application Mode |
Online |
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Official Website |
IFSCA Officer Grade A Vacancies:
- General Stream: 8
- Legal Stream: 2
IFSCA Officer Grade A Important Dates:
Last Date to Apply: April 21, 2024
- Phase I Online Examination: May/June 2024
- Phase II Online Examination: June/July 2024
- Phase III Interview: To be intimated
IFSCA Officer Grade A Reservation and Age Relaxation:
Scheduled Castes (SC) and Scheduled Tribes (ST):
Candidates belonging to SC/ST categories are eligible for a maximum age relaxation of up to five years if the posts are reserved for them.
Other Backward Classes (OBC):
OBC candidates can avail a maximum age relaxation of up to three years if the posts are reserved for them. However, only candidates belonging to the 'Non-Creamy Layer' (NCL) are eligible to apply under the OBC category. Those in the 'Creamy Layer' should indicate their category as 'Unreserved.'
Persons with Benchmark Disabilities (PwBD):
- PwBD candidates are entitled to age relaxation of 10 years, irrespective of whether the post is reserved or not.
- For PwBD (OBC) candidates, age relaxation of 13 years is applicable where vacancies are reserved for OBC candidates.
- PwBD (SC/ST) candidates are eligible for age relaxation of 15 years where vacancies are reserved for SC/ST candidates.
Cumulative Age Relaxation:
Candidates belonging to SC/ST, OBC, and covered under the category of Persons with Benchmark Disabilities are eligible for cumulative age relaxation.
Ex-Servicemen:
Ex-Servicemen, including Emergency Commissioned Officers/Short Service Commissioned Officers, are eligible for a relaxation of five years.
Maximum Age Limit:
The maximum age limit for candidates applying for the Officer Grade A (Assistant Manager) position is 30 years as of February 1, 2024.
IFSCA Officer Grade A Educational Qualification:
Candidates applying for the Officer Grade A (Assistant Manager) position at IFSCA must meet the following educational qualifications:
General Stream:
- Master’s Degree with specialization in Statistics, Economics, Commerce, Business Administration (Finance), or Econometrics.
- Bachelor’s degree in Information Technology, Computer Science, or Master’s in Computer Application/Information Technology.
- Bachelor’s degree in Commerce with pursuing qualifications such as CA, CFA, CS, and ICWA.
- Bachelor’s degree in Law or any other recognized discipline from a reputed University.
Legal Stream:
Bachelor’s Degree in Law from a recognized University/Institute.
Note:
- A Post Graduate Diploma in any discipline will be acceptable as an educational requirement for the General Stream, provided it is recognized as equivalent to a Master’s Degree by the Government of India.
- Candidates are responsible for providing necessary documents to prove equivalence if they possess a Post Graduate Diploma.
IFSCA Officer Grade A Salary and Benefits:
Selected candidates will undergo a probation period of two years with a pay scale of Rs. 44,500 - Rs. 1,43,000 per month, along with various benefits including leave fare concession, medical expenses, and more.
IFSCA Officer Grade A Selection Procedure:
The selection process for the Officer Grade A (Assistant Manager) position at IFSCA involves multiple stages to ensure the recruitment of qualified and competent candidates:
Phase I Online Examination:
- The Phase I Online Examination is tentatively scheduled to be held in May/June 2024.
- It consists of objective-type questions covering subjects such as English, IFSCA Act, Union Budget, Economic Survey, Banking, Capital Market, Insurance, Pension Funds, Bullion, GIFT City, GIFT IFSC, IFSCA, Global Financial Centres, etc.
- Negative marking of 1/4th of marks assigned to the question is applicable for incorrect answers.
- There will be a cut-off of minimum 30% for Paper 1 and a cut-off of minimum 40% for Paper 2. Candidates need to secure separate cut-offs in each paper as well as an aggregate cut-off of 40% to qualify for Phase II.
Phase II Online Examination:
Phase II Online Examination is scheduled to be held in June/July 2024.
It comprises two papers:
- Paper 1 (Common for both streams): Descriptive test on English, including precis writing, essay writing, and comprehension.
- Paper 2: Multiple choice questions on specialized subjects related to the respective streams.
- Negative marking is applicable for incorrect answers.
- Candidates must secure separate cut-offs in each paper as well as an aggregate cut-off of 40% to qualify for Phase III.
Interview (Phase III):
- Only shortlisted candidates from Phase II will be called for an interview.
- The weightage of marks obtained in Phase II will be 85%, while marks obtained in the interview will have a weightage of 15%.
- The final cut-off marks for calling candidates for the interview will be decided by the Competent Authority based on the number of vacancies.
- Application fee will not be refunded to candidates not shortlisted for Phase II and the interview.
IFSCA Officer Grade A How to Apply:
Interested candidates should apply online through the official website www.ifsca.gov.in from March 28, 2024, to April 21, 2024. Detailed guidelines for application registration, fee payment, and document upload are available on the website.
IFSCA Officer Grade A Recruitment 2024 Important Web Links
IFSCA Officer Grade A Examination Centers:
The Phase I and Phase II Online Examinations for the Officer Grade A (Assistant Manager) position at IFSCA will be conducted at various centers across India. Candidates can choose their preferred examination center during the application process. The following cities have been designated as examination centers:
- Ahmedabad/Gandhinagar
- Hyderabad/Rangareddy
- Nasik
- Agartala
- Indore
- New Delhi-NCR
- Chhatrapati Sambhaji Nagar
- Jaipur
- Panaji
- Bengaluru
- Kanpur
- Patna
- Bhubaneswar
- Kochi/Ernakulam
- Prayagraj
- Chandigarh/Mohali
- Kolkata/Greater Kolkata
- Pune
- Chennai
- Lucknow
- Raipur
- Coimbatore
- Madurai
- Ranchi
- Dehradun
- Meerut
- Siliguri
- Guwahati
- Mumbai/MMR/Navi Mumbai/Thane
- Surat
- Haldwani
- Muzaffarpur
- Vijayawada
- Hubli-Dharwad
- Nagpur
- Vishakhapatnam
Application Fees:
Candidates applying for the Officer Grade A (Assistant Manager) position at IFSCA are required to pay a non-refundable application fee/intimation charges based on their category:
Unreserved/OBC/EWSs Category:
Application Fee: Rs. 1000/-
Scheduled Castes (SC)/Scheduled Tribes (ST)/Persons with Benchmark Disabilities (PwBD) Category:
Intimation Charges: Rs. 100/-
FAQs:
What is the last date to apply for the Officer Grade A position?
The last date to apply is April 21, 2024.
What are the educational qualifications required for the General Stream?
Candidates should possess a Master’s Degree with specialization in various disciplines or a Bachelor’s Degree in Law or other recognized fields.
How will the selection process be conducted?
The selection process involves Phase I and Phase II online examinations followed by an interview.
Is there any age relaxation for candidates from reserved categories?
Yes, there is age relaxation available for candidates belonging to Scheduled Castes, Scheduled Tribes, and Other Backward Classes, as well as Persons with Benchmark Disabilities.
What is the salary range for the Officer Grade A position?
The pay scale ranges from Rs. 44,500 to Rs. 1,43,000 per month, along with various benefits.
Where can I find detailed instructions for the application process?
Detailed guidelines for application registration, fee payment, and document upload are available on the official website www.ifsca.gov.in.