IFSCA Grade A 2024 Notification
The official IFSCA Grade A 2024 exam notification was released on 27 March 2024. IFSCA released another notification regarding the Grade A exam on 23 April 2024, extending the time for submission of an online application.
IFSCA Grade A 2024 Important Dates
Here are the important dates of the IFSCA Grade A 2024 exam:
| IFSCA Grade A 2024 Important Dates | |
| Events | Dates |
| IFSCA Grade A Notification 2024 | 27 March 2024 |
| Online Application Start Date | 28 March 2024 |
| Online Application Last Date | 8 May 2024 |
| Phase 1 Exam | 1 September 2024 |
| Phase 2 Exam | 13 October 2024 |
IFSCA Grade A 2024 Vacancies
IFSCA declared a total of 15 vacancies in the 2024 notification, out of which 6 vacancies were for the general or unreserved category.
| IFSCA Grade A 2024 Vacancies | |
| Stream | Number of Vacancies |
| General/Unreserved | 6 |
| OBC | 4 |
| SC | 2 |
| ST | 1 |
| EWS | 2 |
| Total | 15 |
IFSCA Grade A 2024 Eligibility
IFSCA Grade A 2024 eligibility criteria include age limit, educational qualification, nationality, and number of attempts.
Age Limit for the IFSCA Grade A 2024 Exam
- Age for the IFSCA Grade A 2024 exam is to be calculated as of 1 February 2024.
- The maximum age limit for the unreserved or general category is 30 years, while the minimum age is not mentioned in the notification.
Educational Qualification for the IFSCA Grade A 2024 Exam
For the general stream, you need to have a Master’s degree with specialization in Statistics/ Economics/ Commerce/ Business Administration (Finance)/Econometrics OR a Bachelor’s degree in any other discipline OR a Master’s degree in Computer Application/Information Technology.
Nationality for the IFSCA Grade A 2024 Exam
You should be an Indian citizen to be eligible for the IFSCA Grade A assistant manager 2024 exam.
Number of Attempts for the IFSCA Grade A 2024 Exam
There is no restriction on the number of attempts. As long as you meet all the eligibility criteria, you are eligible to apply for the IFSCA Grade A assistant manager 2024 exam.
IFSCA Grade A 2024 Selection Procedure
The selection procedure of the IFSCA Grade A assistant manager 2024 exam consists of:
- Phase 1 (Pre)
- Phase 2 (Mains)
- Phase 3 (Interview)
IFSCA Grade A 2024 Pattern
Here is the IFSCA Grade A 2024 exam pattern:
IFSCA Grade A 2024 Pattern for Phase 1
Here is the IFSCA Grade A 2024 Phase 1 (Prelims) exam pattern:
| IFSCA Grade A 2024 Phase 1 Pattern | |||||
| Paper | Streams/Subjects | Questions | Marks | Duration (Minutes) | Cut off |
| Paper 1 | MCQs onGeneral AwarenessEnglish LanguageQuantitative AptitudeTest of Reasoning | 100 | 100 | 60 | 30% |
| Paper 2 | MCQs 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 | 100 | 60 | 40% |
| Aggregate Cut off | – | – | – | 40% | |
Additional Details of IFSCA Grade A 2024 Phase 1 Exam
- The Phase 1 exam of IFSCA Grade A consists of 2 online papers worth 100 marks each and is qualifying in nature.
- Paper 1 consists of 4 subjects, each carrying 25 questions where each question is worth 1 mark and you have 60 minutes to complete the paper.
- Paper 2 consists of 50 questions covering multiple subjects/topics worth 100 marks where each question is worth 2 marks and you have 60 minutes to complete the paper.
- You can choose either Hindi or English language (except for the English language test).
- For every wrong answer, there is a 1/4th negative marking.
IFSCA Grade A 2024 Pattern for Phase 2
Here is the IFSCA Grade A 2024 Phase 2 (Mains) exam pattern:
| IFSCA Grade A 2024 Phase 2 Pattern | |||||
| Paper | Subjects | Maximum Marks | Duration | Cut Off | Weightage |
| Paper 1 | English (Descriptive Test) | 100 | 60 Minutes | 30% | 1/3rd |
| Paper 2 | MCQs 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. | 100 | 60 Minutes | 40% | 2/3rd |
| Aggregate Cut-Off | – | – | 50% | – | |
Additional Details of IFSCA Grade A 2024 Phase 2 Exam
- The Phase 2 exam of IFSCA Grade A consists of 2 online papers worth 100 marks each.
- Paper 1 consists of 3 questions worth 100 marks and you have 60 minutes to complete the paper.
- Paper 2 consists of 50 questions covering multiple subjects/topics worth 100 marks where each question is worth 2 marks and you have 60 minutes to complete the paper.
- You can choose either Hindi or English language (except for the English language test).
- For every wrong answer, there is a 1/4th negative marking in Paper 2.
IFSCA Grade A 2024 Interview Pattern
Candidates are shortlisted for interview based on their Phase 2 marks only (aggregated sum of 2 papers). Here is the IFSCA Grade A 2024 interview pattern:
- The interview is conducted in person at various exam centers.
- You can take the interview in Hindi or English.
- The interview marks are not mentioned in the official IFSCA Grade A notification.
- The weightage of marks obtained in Phase 2 is 85%, while marks obtained in the interview are given a weightage of 15%.
IFSCA Grade A 2024 Final Selection
The final selection is based on the aggregate marks obtained in Phase 2 (Papers 1 and 2) and the interview.
IFSCA Grade A 2024 Syllabus
Here is the IFSCA Grade A syllabus for Phase 1 and Phase 2:
IFSCA Grade A 2024 Syllabus for Phase 1 Paper 1
The official notification does not mention the syllabus topics for Phase 1. Therefore, we have analyzed the previous years’ questions (PYQs) to list down the topics of each subject of Phase 1.
| IFSCA Grade A 2024 Phase 1 Syllabus | ||
| Reasoning | Quant | English |
| Ratio and Proportion Percentage Profit and Loss Simple and Compound Interest Average and Ages Time and Work Pipes and Cistern Time and Distance Mixture and Alligation Series and Quadratic Equation Mathematical Inequalities Number Series Data Interpretation Simplification/ Approximation Quantity Comparisons Data Sufficiency Partnership | Alphanumeric Series Coding and Decoding Syllogism Direction Sense Inequality Ranking and Order Blood Relation Puzzles Seating Arrangement Input-Output Critical Reasoning Questions Based on Data Sufficiency | Grammar Error Spotting Sentence Improvement Comprehension Ability Comprehension passage Cloze test Rearrangement Para jumbles Double Fillers Vocabulary – Synonyms, Antonyms, One-word Substitution, Phrasal Verbs |
| General Awareness | |
| Current Affairs National News: MoUs, summits, and major events related to India International: Summits and conferences held abroad Financial & Economics News Financial Awareness: RBI and SEBI notification and regulations Defence: Military exercises, drills, and major updates related to the defence sector of India Days in News: Major events or days, along with its date and theme Persons in News: Obituaries, appointments, and retirements Sports: Major tournaments and its winners Science, Technology, and Space Awards and Honours Environment Banking and Economy-Related News Reports and Government Schemes Books and Authors | Static Chief Ministers and Cabinet Ministers National Parks and Sanctuaries Airport Locations, Stadiums Organisations’ Headquarters Banks’ Headquarters and Taglines Power Plants in India Indian Dance Forms Countries Capitals and their Currencies Important Days |
IFSCA Grade A 2024 Syllabus for Phase 1 Paper 2
Here’s an overview of the Paper 2 syllabus for the IFSCA Grade A 2024 Phase 1 exam:
| IFSCA Grade A Phase 1 Paper 2 Syllabus | ||
| Commerce and Accountancy | Management | Indian Economy & Global Economy |
| Accounting as a Financial Information System Accounting Standards Cash Flow Statement, Fund Flow Statement, Financial Statement Analysis; Ratio analysis Accounting for Share Capital Transactions Employees Stock Option and Buyback of Securities Preparation and Presentation of Company Final Accounts | Management The Role of a Manager in an Organization Leadership Leadership Styles Human Resource Development Motivation Communication Corporate Governance | Demand and Supply, Market Structures, National Income Balance of Payments, Foreign Exchange Markets, Inflation, Monetary and Fiscal Policy, Non-banking Financial Institutions Role of International Financial Institutions |
| Costing | Economic and Social Development | Finance |
| Overview of Cost and Management Accounting Methods of Costing Basics of Cost Control and Analysis Lean System and Innovation | Growth and Development Social Structure in India | Financial System Financial Markets General Topics |
| General knowledge, Current events of national and international importance | Central Government’s initiatives/ Schemes in the financial sector | |
IFSCA Grade A 2024 Syllabus for Phase 2 Paper 1
Generally, 3 questions are asked from the following topics:
- Essay
- Precis Writing
- Reading Comprehension
IFSCA Grade A 2024 Syllabus for Phase 2 Paper 2
The syllabus of Paper 2 is the same for both Phase 1 and Phase 2. However, it is important to know that the difficulty level of Paper 2 is higher in Phase 2.
| IFSCA Grade A Phase 2 Paper 2 Syllabus | ||
| Banking | Capital Market | Insurance |
| Structure and Functions of Financial Institutions Functions of the Reserve Bank of India Banking System in India Recent Developments in Global Financial System Role of Information Technology in Banking and Finance Non-Banking System Developments in Digital Payments | Role and Functions of Regulatory Bodies in Financial Sector Primary and Secondary Markets Basics of Derivatives Spot and Derivative Market of Precious Metals | History of Indian Insurance, Principles of Insurance Risk and uncertainty Legal Foundations of Insurance Functions Performed by Insurers Insurance Lines and Products |
| Pension Sector | Union Budget | IFSCA Act |
| Status of the Pension Sector in India Types of Retirement Schemes in India and Their Features National Pension System Atal Pension Yojana Annuity Plans Basics of investment | Concepts, Approach and Broad Trends & Economic Survey | IFSCA, IFSC, GIFT IFSC, GIFT City and Global Financial Centre |
Read the IFSCA Grade A syllabus article for complete information.
IFSCA Grade A Previous Year Questions
Download the IFSCA Grade A 2023 paper here. Also get a list of most important topics for each subject of phase 1 and 2.
IFSCA Grade A Cut Off
Phase 1 cut offs are fixed for every category, i.e., 30 marks in Paper 1, 40 marks in Paper 2, and aggregate 80 marks.
Below, we have mentioned the phase 2 cut off marks of the IFSCA Grade A exam held in 2023.
| IFSCA Grade A 2023 Cut Off Marks | |||||
| General | EWS | OBC | SC | ST | |
| Phase 2 | 59.67 | 59.67 | 59.33 | 54.67 | 54.67 |
IFSCA does not provide the final cut off marks, instead, it provides the detailed marks of the selected candidates.
IFSCA Grade A Exam Analysis
Here is the analysis of the IFSCA Grade A 2023 exam.
| IFSCA Grade A 2023 Exam Analysis | |
| Event | Difficulty Level |
| IFSCA Grade A Phase 1 Paper 1 | Moderate |
| IFSCA Grade A Phase 1 Paper 2 | Easy to Moderate |
| IFSCA Grade A Phase 2 Paper 1 | Moderate |
| IFSCA Grade A Phase 2 Paper 2 | Moderate to Difficult |
| Overall | Moderate |
IFSCA Grade A Preparation Strategy
Here is a broad IFSCA Grade A preparation strategy:
| IFSCA Grade A Study Plan | |
| Days | Subjects/Topics |
| 1 – 20 | Management + Finance + Capital Market + Banking + Bullion |
| 21 – 40 | Commerce & Accounts + Costing + Economy + Insurance + Pension Funds |
| 41 – 60 | Current Events + Govt. Initiatives in Financial Sector + Practice DE |
| 61 – 75 | Union Budget + Economic Survey + Practice DE + IFSCA Act |
| 76 – 90 | Gift City + Gift IFSC + IFSCA + Global Financial Centers |
Important Note: The above table is just a general IFSCA Grade A preparation strategy. You should tailor the above study plan and preparation strategy to align with your strengths, weaknesses, and the available time.
Preparation Tips for IFSCA Grade A 2024
Here are the preparation tips for the IFSCA Grade A exam:
- Allocate more time to weak areas while maintaining a balance with your strong subjects.
- Regularly practice mock tests for time management and exam simulation.
- Review your performance in mock tests, identify mistakes, and learn from them.
- Keep a separate notebook for important formulas, concepts, and notes.
- Prioritize understanding over rote memorization.
Read IFSCA Grade A preparation article for detailed preparation strategy for phase 1 and 2.
Best Books for IFSCA Grade A Preparation
Here are the recommended books and resources to prepare for the IFSCA Grade A 2024 exam.
Books for Phase 1 Paper 1 of IFSCA Grade A 2024
The subject-wise IFSCA Grade A booklist for Phase 1 Paper 1 is given below:
| IFSCA Grade A Quantitative Aptitude Books | ||
| Book | Author | Publisher |
| How to Prepare for Quantitative Aptitude for CAT | Arun Sharma | McGraw Hill Edge |
| IFSCA Grade A Reasoning Ability Books | ||
| Book | Author | Publisher |
| A Modern Approach to Verbal and Non-Verbal Reasoning | R.S. Agarwal | S Chand |
| IFSCA Grade A English Books | ||
| Books | Author | Publisher |
| Word Power Made Simple | Norman Lewis | Penguin India |
| IFSCA Grade A General Awareness Books | ||||
| We are not suggesting any book here and providing the most effective resources for GA preparation. | ||||
| Topics | Websites | Newspapers | Magazines | |
| Static GK | News and Notifications of RBI, SEBI, PFRDA, IRDAI, Finance Ministry | The Hindu& Livemint | Weekly/Monthly Current Affairs Compilations/PDFs | |
| Current Affairs | ||||
Following are purchase/access links for the listed resources.
- Reserve Bank of India (RBI)
- Securities and Exchange Board of India (IFSCA)
- Pension Fund Regulatory and Development Authority (PFRDA)
- Insurance Regulatory and Development Authority of India (IRDAI)
- Ministry of Finance
- The Hindu
- Livemint
Books for Phase 1 Paper 2 of IFSCA Grade A 2024
The subject-wise IFSCA Grade A booklist for Phase 1 Paper 2 is given below:
| IFSCA Grade A General Knowledge Books | |||
| We are not suggesting any book here and providing the most effective resources for GA preparation. | |||
| The Hindu Livemint |
| IFSCA Grade A Central Government’s Initiatives/Schemes in the Financial Sector Books | |||
| We are not suggesting any book here and providing the most effective resources for GA preparation. | |||
| The Hindu Livemint Press Information Bureau Government of India Ministry of Finance Schemes |
Books for Phase 2 Paper 1 of IFSCA Grade A 2024
Following are the recommended resources that you must study for descriptive English:
Books for Phase 2 Paper 2 of IFSCA Grade A 2024
Here are the recommended sources for the IFSCA Grade A Phase 2 Paper 2:
| IFSCA Grade A Banking Books | ||
| Books | Author | Publisher |
| Principles and Practice Of Banking | IIBF | Macmillan |
| Bank Financial Management | IIBF | Macmillan |
| Indian Economy | Ramesh Singh | McGraw Hill |
| IFSCA Grade A Capital Market Books | ||
| Books | Author | Publisher |
| Bank Financial Management | IIBF | Macmillan |
| IFSCA Grade A Insurance Books | ||
| Books | Author | Publisher |
| Introduction to Insurance | IRDAI | IRDAI |
Here are the recommended resources for the rest of the topics of the IFSCA Grade A Phase 2 Paper 2:
- Union Budget
- Economic Survey
- Bullion
- Pension Funds
- IFSCA Act (Read bare act)
- GIFT City
- GIFT IFSC
- IFSCA
- Global Financial Centers
IFSCA Grade A Officer Job Profile
An IFSCA Grade A officer plays an essential role in the operation of IFSCA. As an IFSCA assistant manager, you are responsible for a diverse range of tasks that contribute to the organization’s efficiency and effectiveness. Here are some of the key responsibilities of an IFSCA officer:
- Regulatory Compliance: Ensure adherence to established business policies and regulations, safeguarding the integrity of IFSCA’s operations.
- Financial Management: Manage expenses effectively, identifying cost-saving measures to maximize IFSCA’s financial performance.
- Client Relationship Management: Address client grievances promptly and professionally, foster clear communication, and build strong customer satisfaction.
- Employee Development: Provide guidance and training to new and existing staff, contributing to a positive and growth-oriented work environment.
IFSCA Grade A Officer Promotions
Here’s a breakdown of the promotions that lie ahead of an IFSCA Grade A officer:
| IFSCA Grade A Promotions | |
| Grade | Position |
| Grade A | Assistant Manager (You will join here) |
| Grade B | Manager |
| Grade C | Assistant General Manager |
| Grade D | Deputy General Manager |
| Grade E | General Manager |
| Grade F | Chief General Manager |
| – | Executive Director |
| – | Chairperson |
IFSCA Grade A Salary
- The starting basic pay for Grade A officers in IFSCA is ₹44,500 per month.
- With allowances like house rent allowance (HRA) and dearness allowance (DA), the gross monthly salary can reach approximately ₹1,43,000.
IFSCA Grade A Officer Lifestyle
- The IFSCA Assistant Manager position offers a well-rounded career package that caters to both professional and personal aspirations.
- You’ll contribute to the success of the IFSCA, shaping the future of finance in India. The role itself is dynamic and fulfilling, providing a healthy work-life balance.
- Furthermore, a competitive salary and comprehensive benefits package, including various allowances and perks, ensures financial security.
- The job offers a stable career path with opportunities for growth and advancement within the organization.
How to Apply for the IFSCA Grade A 2024 Exam
Follow the below-mentioned steps to apply for the IFSCA Grade A 2024 exam.
Step 1
Visit the official website of IFSCA, i.e., https://ifsca.gov.in.
Step 2
Find and click on the “Career” tab from the top-right menu bar.
Step 3
Click on the link called “Registration link for the recruitment of Officer Grade-A (Assistant Manager) in IFSCA-2024”.
Step 4
Now click on the link “Click here for New Registration” and enter the basic details against all the fields.
Step 5
A provisional registration number and password will be generated, and you’ll receive them on the registered email address.
Step 6
Log in using the provisional registration number and password.
Step 7
Fill out all details in the application form and upload the required list of documents. Click on the “Save & Next” button.
Step 8
A preview section will open with all the details filled out by now. You need to verify your details and complete the registration.
Step 9
Click on the “Payment” Tab & proceed to pay.
Step 10
Take a printout of the application form and e-receipt for future reference.
How to Download IFSCA Grade A 2024 Admit Card
Here are the step-by-step instructions to download the IFSCA Grade A Assistant Manager 2024 admit card.
Step 1
Visit the official website of IFSCA, i.e., https://ifsca.gov.in.
Step 2
Find and click on the “Career” tab from the top-right menu bar.
Step 3
Click on the link “Download the IFSCA Grade A Assistant Manager 2024 Admit Card”.
Step 4
Fill in the login details like application number and password, and log in.
Step 5
IFSCA Assistant Manager admit card will appear on the screen.
Step 6
Download it and take its printout for future reference.
Follow the same procedure to download the admit card for the IFSCA Grade A Phase 2 exam.
IFSCA Grade A Result
The IFSCA Grade A 2023 Phase 1 exam was held on 15 April 2023 and its result was announced on 21 April 2023. The Phase 2 result was held on 13 May 2023 and its result was announced on 30 May 2023. The final result was announced on 23 June 2023.
Click on the links below to download the IFSCA Grade A 2023 results.
| Result | PDFs Links |
| IFSCA Grade A 2023 Phase 1 | Download PDF |
| IFSCA Grade A 2023 Phase 2 | Download PDF |
| IFSCA Grade A 2023 Final | Download PDF |
IFSCA Grade A Training
After passing the IFSCA Grade A officer’s exam, selected candidates undergo a training program. This training program is intended to familiarize newly appointed assistant managers with their roles and responsibilities, enabling them to perform their duties effectively.
Conclusion
We have discussed all the essential information you need to navigate the IFSCA Grade A 2024 exam, which includes notification, exam dates, vacancies, eligibility criteria, pattern, syllabus, cut off, result, and more. We hope this information will help you get a complete picture of the IFSCA Grade A exam, and you can prepare with confidence.
