IFSCA Grade A 2024 Notification: Exam Dates, Vacancies, and Eligibility

The wait is over, and the IFSCA Grade A 2024 notification is out now! The International Financial Services Centres Authority (IFSCA) has released the official notification for its 2024 Grade A Officer recruitment. This prestigious position offers an exciting career path for those passionate about shaping India’s financial future. 

This blog provides a comprehensive breakdown of everything you need to know, such as important dates, number of vacancies, eligibility criteria, exam pattern and more for the IFSCA Grade A 2024 exam. 

IFSCA Grade A 2024 Notification

The official notification for recruitment of IFSCA Grade A Officer (Assistant Manager) 2024 was released on 27 March 2024. This notification has all the important details that an aspirant is looking for, including:

• Important Dates
• Vacancies 
• Eligibility Criteria 
• Age Limit
• Selection Procedure
• Application Fee
• Registration Process
• Syllabus

This blog will cover all important information except the syllabus. To know more about the syllabus, kindly check the recruitment notification here. 

IFSCA Grade A 2024: Important Dates

The application process for the IFSCA Grade A recruitment is currently open. Following are some important exam dates that you need to remember. 

After getting familiar with the IFSCA Grade A important dates, let’s look at the number of vacancies. 

IFSCA Grade A 2024: Vacancies

IFSCA Grade A has released a total of 10 posts, out of which 2 posts are for Legal Stream and the remaining 8 are for General Stream.

Following are the reservations in the released vacancies. 

Now that you are clear about the available posts, let’s look at the eligibility criteria.

IFSCA Grade A 2024: Eligibility Criteria

The eligibility criteria includes both age limit and educational qualifications.

Age Eligibility 

For the recruitment of 2024, a candidate must not have exceeded the age of 30 years as of February 1, 2024. 

Age Relaxation

However, there are some age relaxations for specific categories. 

Educational Qualification

1. Master’s Degree with specialization in Statistics/ Economics/ Commerce/ Business Administration (Finance)/ Econometrics (or)
2. Bachelor’s degree in Information Technology/ Computer Science/ Master’s in Computer Application/ Information Technology (or)
3. Bachelor’s degree in commerce with CA, CFA, CS, ICWA (or)
4. Bachelor’s degree in Law or in any other discipline from a recognized University

Important Note: A Post Graduate Diploma in any discipline will be acceptable as an educational requirement for the General stream, provided the same is recognized as equivalent to a Master’s degree in that discipline by Govt. of India. 

IFSCA Grade A 2024: Exam Pattern

The recruitment of IFSCA Grade A Officer is a 3-stage process:

1. Phase I 
2. Phase II 
3. Phase III (Interview)

Phase I Exam

The IFSCA Grade A Phase 1 is an online screening examination that consists of 2 papers—Paper 1 and Paper 2—of 100 marks each. Following is the detailed Phase 1 exam pattern.

Other Important Details

1. There shall be negative marking (1/4th of marks assigned to the question) for Paper 1 and Paper 2 in Phase 2.
2. There shall be a cut-off of a minimum of 30% for Paper 1 (no sectional cut-off shall be there) and a cut-off of a minimum of 40% for Paper 2 in Phase 1.
3. Candidates would need to secure separate cut-offs in each paper as mentioned above as well as aggregate cut-off marks of 40% in the Phase 1 exam to be shortlisted for Phase 2. Marks obtained in Phase 1 shall be used only for shortlisting the candidates for the Phase 2 examination process and will not be counted for the final selection of the candidates.
4. Subject to the criteria mentioned above, all the candidates who clear Phase 1 shall be shortlisted for Phase 2. A list of candidates shortlisted for Phase 2 will be made available on the IFSCA website.

Phase II Exam

The IFSCA Grade A Phase 2 is the second stage of the selection process that also consists of 2 papers—Paper 1 and Paper 2—of 100 marks each. Following is the detailed Phase 2 exam pattern.

Other Important Details

1. Candidates shortlisted for Phase 2 will be issued new Hall Tickets.
2. There shall be a negative marking (1/4th of marks assigned to the question) for Paper 2 in Phase 2
3. There shall be a cut-off of a minimum of 30% for Paper 1 and a cut-off of a minimum of 40% for Paper 2 in Phase 2.
4. Candidates would need to secure separate cut-offs in each paper as mentioned above as well as aggregate cut-off marks of 40% in the Phase 2 exam (weightage of 1/3rd for Paper 1 and 2/3rd for Paper 2) to be shortlisted for Phase 3.
5. Subject to the criteria mentioned above, candidates equaling 3 times the number of vacancies shall be shortlisted, in order of merit, for Phase 3, i.e. the Interview. The list of candidates shortlisted for Interviews will be made available on the IFSCA website.

Important Note: All question papers (in both Phases, except the test of English) are set bilingually in Hindi and English.

Phase III Interview

Only the shortlisted candidates are called for an interview. The weightage of marks obtained in Phase 2 is 85%, while marks obtained in the interview are given a weightage of 15%.

Note: IFSCA reserves the right to modify the selection procedure if deemed fit.

IFSCA Grade A 2024: Application Process

Aspirants can apply for the post of IFSCA Grade A Officer via the official website www.ifsca.gov.in only. Let’s look at important details such as the fee and registration process. 

Application Fee

Folllowing are the details of the application fee for IFSCA Grade A 2024 exam.

Important Guidelines for Registration

Following are a few guidelines you should remember when sitting down to fill your application.

1. Before applying online, candidates should scan their: 

1. photograph (4.5cm × 3.5cm) 
2. signature (with black ink) 
3. left thumb impression (on white paper with black or blue ink) 
4. a handwritten declaration (on a white paper with black ink) 
5. ensuring that all these scanned documents adhere to the required specifications as given in XIX C 

2. Signature in CAPITAL LETTERS will not be accepted. 
3. The left thumb impression should be properly scanned and not smudged. (If a candidate is not having left thumb, he/she may use his/ her right thumb for applying.) 
4. The text for the handwritten declaration is as follows – “I, _______ (Name of the candidate), hereby declare that all the information submitted by me in the application form is correct, true and valid. I will present the supporting documents as and when required.” 
5. The above-mentioned handwritten declaration has to be in the candidate’s handwriting and in English only. If it is written and uploaded by anybody else or in any other language, the application will be considered as invalid. 
6. Have a valid personal email ID and mobile no., which should be kept active till the completion of this Recruitment Process. 

How To Register?

Following are some important steps to help you with the registration process. 

1. Visit the IFSCA website www.ifsca.gov.in and click on “APPLY ONLINE”.
2. Select “Click here for New Registration” and enter Name, Contact details, and Email-id to generate a Provisional Registration Number and Password. Note down the details.
3. Use the “SAVE AND NEXT” tab to save entered data. Verify and modify details if needed before final submission.
4. Verify all details as changes won’t be possible after clicking “COMPLETE REGISTRATION”.
5. Ensure correct spelling of the candidate’s name and other personal details as per certificates.
6. Validate details and save the application by clicking the respective buttons.
7. Upload Photo & Signature as per guidelines.
8. Fill in other required details in the Application Form. 
9. Preview the application form before clicking on “COMPLETE REGISTRATION”.
10. Modify details if needed and ensure correctness before completing registration.
11. Proceed to the “Payment” tab and make the payment for the application.
12. The payment can be made by using Debit Cards (RuPay/Visa/MasterCard/Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets.
13. Candidates are required to take a printout of the e-Receipt and online Application Form containing fee details.

To know more details about the payment method, exam centres, guidelines for misconduct, etc., kindly refer to the official recruitment notification.

Conclusion 

The recruitment notification for the IFSCA Grade A 2024 provides aspirants with a prestigious opportunity to join one of India’s leading organisations in the financial sector. This blog has comprehensively covered important information about the exam, such as exam dates, vacancies, eligibility criteria, and exam pattern. 

Remember, the IFSCA Grade A examination offers a gateway to a fulfilling career, and with dedication and strategic preparation, you can strive towards success in this competitive field.

Frequently Asked Questions