IFSCA Assistant Manager Jobs Recruitment 2023 Salary 50,000 Check More Details & Apply Now
INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY
Age Limit (as on 01.02.2023):
(i) A candidate must not have exceeded the age of 30 years as on February 1, 2023.
(ii) The upper age-limit prescribed above will be relaxable:
a. up to a maximum of five years for candidates belonging to a Scheduled Caste or a Scheduled TribAL
posts are reserved for them;
b. up to a maximum of three years in the case of candidates belonging to Other Backward Classes who are
eligible to avail of reservation applicable to such candidates if the posts are reserved for them;
(iii) Only those candidates belonging to ‘Non-Creamy Layer’ are eligible to apply under OBC Category. The OBC
candidates who belong to ‘Creamy Layer’ are not entitled to apply under OBC Category. Candidates
belonging to OBC category but coming in the ‘Creamy Layer’ are not entitled to OBC reservation. They
should indicate their category as ‘Unreserved’. Candidates belonging to the OBCA. Application Registration
1. Candidates to go to the IFSCA website www.ifsca.gov.in click on the option “APPLY ONLINE” which will open
a new screen.
2. To register application, choose the tab “Click here for New Registration” and enter Name, Contact details
and Email-id. A Provisional Registration Number and Password will be generated by the system and displayed
on the screen. Candidate should note down the Provisional Registration Number and Password. An Email &
SMS indicating the Provisional Registration number and Password will also be sent.
3. In case the candidate is unable to complete the application form in one go, he / she can save the data already
entered by choosing “SAVE AND NEXT” tab. Prior to submission of the online application candidates are
advised to use the “SAVE AND NEXT” facility to verify the details in the online application form and modify the
same if required. Visually Impaired candidates should fill the application form carefully and verify/ get the
details verified to ensure that the same are correct prior to final submission.
4. Candidates are advised to carefully fill and verify the details filled in the online application themselves as no
change will be possible/ entertained after clicking the COMPLETE REGISTRATION BUTTON.
5. The Name of the candidate or his /her father/ Husband etc. should be spelt correctly in the application as it
appears in the Certificates/ Mark sheets/Identity proof. Any change/alteration found may disqualify the
6. Validate your details and save your application by clicking the ‘Validate your details’ and ‘Save & Next’ button.
7. Candidates can proceed to upload Photo & Signature as per the specifications given in the Guidelines for
Scanning and Upload of Photograph and Signature detailed under point “C”.
8. Candidates can proceed to fill other details of the Application Form.
9. Click on the Preview Tab to preview and verify the entire application form before ‘COMPLETE
10.Modify details, if required, and click on ‘COMPLETE REGISTRATION’ ONLY after verifying and ensuring that
the photograph, signature uploaded, and other details filled by you are correct.
11.Click on ‘Payment’ Tab and proceed for payment.
12.Click on ‘Submit’ button.
a. (NCL) category should have OBC (NCL) valid certificate but earlier than the due date (closing date) of the
(iv) Relaxation of 10 (ten) years for PwBD candidates shall be applicable whether the post is reserved or not.
Relaxation of 13 (thirteen) years for PwBD (OBC) candidates where vacancies are reserved for OBC
candidates. Relaxation of 15 (fifteen) years for PwBD (SC/ST) candidates where vacancies are reserved.
(v) Candidates belonging to the Scheduled Castes and the Scheduled Tribes and the Other Backward Classes
who are also covered under the category of Persons with Benchmark Disabilities will be eligible for grant of
Where there is no vacancy reserved for OBC/SC/ST category candidates, such candidates can still apply.
However, they will not be eligible for any relaxation. SC/ ST candidates are exempt from payment of application
fee even in such case but will have to pay specified intimation charges. OBC/ PwBD candidates should possess
a latest certificate to this effect issued by the Competent Authority in the prescribed Format.
II. MODE OF SELECTION: 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).
a. 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
Duration Cut off
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%
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%
SOME POINTS YOU HAVE TO NOTE:-
(i) There shall be negative marking (1/4th of marks assigned to the question) for the Paper 1 and Paper 2 in
(ii) 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.
(iii) 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.
(iv) 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.
b. 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:
English (Descriptive Test)
(a) Precis Writing – 35 marks
(b) Essay writing – 30 marks
(c) Comprehension- 35 marks
minutes 30% 1/3rd
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)
minutes 40% 2/3rd
Aggregate Cut off 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.
Note: All question papers (in both the Phases, except the test of English) will be set bilingually in Hindi and
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.
III. SERVICE CONDITIONS/ PAY AND ALLOWANCES:
The successful candidates recruited for the post of Officer Grade ‘A’ shall undergo probation of two years. The
candidates shall be confirmed in the services of IFSCA subject to their satisfactory performance during the
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).
Presently, the gross emolument including IFSCA’s Contribution towards National Pension Scheme (NPS), Grade
Allowance, Special Allowance, Dearness Allowance, Family Allowance, Local Allowance etc. at the minimum of
this scale is approx. Rs. 1,43,000/- p.m..
Other benefits viz., Leave Fare Concession, Medical Expenses, Eye Refraction, Education Allowance, Financial
Dailies, Book Grant, Briefcase, Conveyance Expenses, House Cleaning Allowance, Staff Furnishing Scheme,
Scheme for Purchasing Computers, Subsidized Lunch Facility and all other benefits as admissible to an Officer
in Grade A in IFSCA.
The incumbent may be posted and transferred to any location in India or abroad where IFSCA has its Offices.
The recruited officers may be posted to any department of IFSCA.
IV. EXAMINATION CENTRES:
a. The Phase I and Phase II on-Line examination will be held at the following centres:
Ahmedabad/ Gandhinagar Hyderabad/ Rangareddy Nasik
Agartala Indore New Delhi-NCR
Aurangabad (MH) 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/Greater Mumbai/Navi
Haldwani Muzzafarpur Vijayawada
Hubli – Dharwad Nagpur Vishakhapatnam Candidates can provide their preference of upto three centers for Phase I and one center for Phase II in the online
application. The choice of Center by candidates for Phase I and Phase II Examinations can be different and must
be indicated in the online application. Candidates will appear for the examination at an Examination Centre at
their own risks and expenses. IFSCA does not make any arrangements for boarding/lodging of candidates. IFSCA
will not be responsible for any injury or losses etc. of any nature during the course of Examination.
NB: Notwithstanding the aforesaid provision, IFSCA reserves the right to change the Centres at its discretion.
Candidates admitted to the examination will be informed of the timetable and place or places of examination. The
candidates should note that no request for change of centre will be entertained.
VI. GENERAL INSTRUCTIONS:
a. Candidate who is eligible and desires to apply for the above post should submit an ON-LINE application with
requisite fee/ intimation charges (wherever applicable). No other means/mode of application will be accepted.
b. Fees sent in any other manner not prescribed in this advertisement and / or the application submitted without
depositing the fee/ intimation charges would be rejected and no correspondence shall be entertained in this
c. Candidates should be satisfied with their eligibility for the post applied for. Candidates seeking reservation/
relaxation benefits available for SC/ST/OBC/EWS or any other category must ensure that they are entitled to
such reservation/ relaxation as per eligibility prescribed. At the time of the interview, they should also be in
possession of all the requisite valid certificates in the prescribed format in support of their claim as stipulated
for such benefits and these certificates should be dated earlier than the due date (closing date) of the
d. If the candidates are not eligible or have knowingly or willfully furnished incorrect or false particulars or
suppressed material information, their candidature will be liable to be cancelled at any stage of the selection.
If the candidate qualifies in the selection process and subsequently it is found that he/she does not fulfill the
eligibility criteria, his/her candidature will be cancelled and if appointed, the appointment would be terminated
without any notice or compensation.
e. Candidates who are already in service of Govt./ Quasi-Govt. Organizations and Public Sector Banks/
Undertakings will have to produce a “No Objection Certificate’ from their employer, at the time of Interview.
Before appointment in IFSCA, a proper discharge certificate from the employer will have to be produced.
f. Outstation candidates called for Interview will be reimbursed single AC Three Tier return railway fare for
journey by the shortest route, subject to submission of necessary documentary evidence.
g. IFSCA does not assume any responsibility for the candidates not being able to submit their applications within
the last date.
h. In all matters regarding eligibility, conduct of examinations, interviews, assessment, prescribing minimum
qualifying standards in both the Examination and Interview, in relation to number of vacancies and
communication of result, IFSCA’s decision shall be final and binding on the candidates and no correspondence
shall be entertained in this regard. Further, IFSCA reserves the right to relax any of the requirements for the
candidates in deserving cases. IFSCA also reserves the right to cancel the advertisement, fully or partly on
i. Canvassing in any form will disqualify the candidate.
j. Please note that Corrigendum, if any, issued on the above advertisement, will be published only on IFSCA’s
website www.ifsca.gov.in .
k. Any resultant dispute arising out of this advertisement shall be subject to the jurisdiction of the Courts situated
at Gandhinagar only.
Scanning the documents:
• Set the scanner resolution to a minimum of 200 dpi (dots per inch)
• Set Colour to True Colour
• File Size as specified above
• Crop the image in the scanner to the edge of the photograph/signature/ left thumb impression / handwritten
declaration, then use the upload editor to crop the image to the final size (as specified above).
• The image file should be JPG or JPEG format. An example file name is: image01.jpg or image01.jpeg. Image
dimensions can be checked by listing the folder files or moving the mouse over the file image icon.
• Candidates using MS Windows/MSOffice can easily obtain documents in .jpeg format by using MS Paint or
MSOffice Picture Manager. Scanned documents in any format can be saved in .jpg / .jpeg format by
using ‘Save As’ option in the File menu. Size can be adjusted by using crop and then resize option.
Procedure for Uploading the documents.
• While filling in the Online Application Form the candidate will be provided with separate links for uploading
Photograph, signature, left thumb impression and hand written declaration
• Click on the respective link “Upload Photograph / signature / Upload left thumb impression / hand written
• Browse and select the location where the Scanned Photograph / signature / left thumb impression /
handwritten declaration file has been saved.
• Select the file by clicking on it.
• Click the ‘Open/Upload’
• If the file size and format are not as prescribed, an error message will be displayed.
• Preview of the uploaded image will help to see the quality of the image. In case of unclear / smudged, the
same may be re-uploaded to the expected clarity /quality.
Your Online Application will not be registered unless you upload your Photograph, signature, left thumb
impression and handwritten declaration as specified.
(1) In case the face in the photograph or signature or left thumb impression or the handwritten declaration is
unclear / smudged the candidate’s application may be rejected.
(2) After uploading the Photograph / signature / left thumb impression / handwritten declaration in the online
application form candidates should check that the images are clear and have been uploaded correctly. In
case the photograph or signature or left thumb impression or the handwritten declaration is not prominently
visible, the candidate may edit his/ her application and re-upload his/ her photograph or signature or left
thumb impression or the hand written declaration, prior to submitting the form.
(3) Candidate should also ensure that photo is uploaded at the place of photo and signature at the place of
signature. If photo in place of photo and signature in place of signature is not uploaded properly, candidate
will not be allowed to appear for the exam.
(4) Candidate must ensure that Photo to be uploaded is of required size and the face should be clearly visible.
(5) If the photo is not uploaded at the place of Photo Admission for Examination will be rejected/denied.
Candidate him/herself will be responsible for the same.
(6) Candidates should ensure that the signature uploaded is clearly visible.
(7) After registering online candidates are advised to take a printout of their system generated online