IFSCA Recruitment 2023

The International Financial Services Centres Authority (IFSCA) has invited online applications from eligible candidates for recruitment of Officer Grade A (Assistant Manager) - 2023. Interested candidates can apply for the vacancies at the IBPS portal ibps.in till March 3. The IFSCA recruitment drive is being conducted for 20 Officer Grade A (Assistant Manager) posts. The phase 1 online test will be held in March/ April 2023, followed by phase 2 exam in April/ May 2023.

Job details

No. of posts: 20
Name of posts: Officer Grade A (Assistant Manager)

Eligibility Criteria:

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.

Age limit

A candidate must not have exceeded the age of 30 years as on February 1, 2023.

Application Fee

Aspirants can check below the category-wise application fees for IFSCA Recruitment 2023. The final submission of the application form will be only after paying the application fees.

Unreserved/OBC/EWS- Rs 1000 and SC/ ST- Rs 100.

Selection Process

IFSCA Recruitment 2023 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).

Exam Pattern

Phase I On-Line Examination: An online screening examination consisting of two papers (Multiple Choice questions of 100 marks each) will be held in March/April 2023 (tentatively). The exam will consist of:

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 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%
	Aggregate Cut off			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.

Phase II On-Line Examination: An on-line examination consisting of two papers of 100 marks each will be held in April/May 2023 (tentatively). The papers shall be as follows:

Paper	Streams/ Subjects	Maximum Marks	Duration	Cut off	Weightage
Paper 1	English (Descriptive Test) (a) Precis Writing – 35 marks (b) Essay writing – 30 marks (c) Comprehension- 35 marks	100	60 minutes	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)	100	60 minutes	40%	2/3rd
	Aggregate Cut off			40%	-

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.
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%.