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IFSCA Recruitment 2024: Notification Out For 10 Vacancies, Check Posts, Qualification, Monthly Salary, And Other Details
by Ramya
Updated Apr 02, 2024
IFSCA Recruitment 2024: Notification Out For 10 Vacancies, Check Posts, Qualification, Monthly Salary, And Other Details
The International Financial Services Centres Authority (IFSCA) is a regulatory body established by an Act of Parliament to oversee and develop the financial services market in India's International Financial Services Centres, with GIFT IFSC in GIFT City, Gandhinagar being the first in the country.
IFSCA invites applications from Indian citizens for the position of Officer Grade A (Assistant Manager), with 10 total vacancies, including 2 earmarked for the Legal Stream and the remainder for the General Stream. Eligibility criteria include educational qualifications ranging from Master's degrees to Bachelor's degrees in various disciplines.
The recruitment process involves three stages: Phase I and Phase II online examinations, followed by a Phase III interview. Age limit for candidates is set at 30 years as of February 1, 2024, with relaxations for certain categories.
The pay scale for officers in Grade A is specified, along with various benefits and allowances. Candidates are advised against falling for fraudulent job offers and are instructed to apply online within the specified dates, with applications limited to one stream only.
|
Company Name |
International Financial Services Centres Authority (IFSCA) |
|
Post Name |
Assistant Manager |
|
No of Post |
10 |
|
Fee |
Unreserved/OBC/EWSs : Rs. 1000 SC/ ST/PwBD : Rs. 100/- |
|
Age Limit |
Maximum 30 years |
|
Selection |
Phase I On-Line Examination Phase II On-Line Examination Phase III Interview |
|
Last Date |
21.04.2024 |
|
Official Website |
ifsca.gov.in |
Qualification for IFSCA Recruitment 2024
- 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 appearing in “CA, CFA, CS and ICWA.or
- Bachelor’s degree in Law or in any other discipline from a recognized University.
Pay Scale for IFSCA Recruitment 2024
- 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.
Age Limit for IFSCA Recruitment 2024
- A candidate must not have exceeded the age of 30 years as on February 1, 2024.
- The upper age-limit prescribed above will be relaxable as follows:
- up to a maximum of five years for candidates belonging to a Scheduled Caste or a Scheduled Tribe if the posts are reserved for them;
- 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;
Application fees for IFSCA Recruitment 2024
| Category of Applicant | Amount of Fee (Non-refundable) |
|---|---|
| Unreserved/OBC/EWSs | Rs. 1000/- as application fee cum intimation charges |
| SC/ ST/PwBD | Rs. 100/- as intimation charges |
Selection Procedure for IFSCA Recruitment 2024
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).
Phase I On-Line Examination: An online screening examination consisting of two papers (Multiple Choice questions of 100 marks each) will be held in May/June 2024 (tentatively)
- 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
- above as well as aggregate cut-off marks of 40% in Phase I exam to be shortlisted for Phase
- 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 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 www.ifsca.gov.in .
Phase II On-Line Examination: An on-line examination consisting of two papers of 100 marks each will be held in June/July 2024 (tentatively)
- 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.
- However, the final cut-off marks for calling for Phase III (interview) will be decided by the Competent Authority in relation to number of vacancies. List of candidates shortlisted for Interview will be made available on IFSCA website www.ifsca.gov.in .
- The number of candidates to be short listed and called for interview shall be decided by the Authority based on the stream wise requirement
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%. IFSCA reserves the right to modify the selection procedure, if deemed fit.
How to Apply for IFSCA Recruitment 2024
- Candidates are required to apply On-Line through the website www.ifsca.gov.in from 16.03.2024 to 07.04.2024 and no other mode of application will be accepted. Candidates need not submit the system generated print out of the ON-LINE application to IFSCA's office. Before applying online, candidates should-
- scan their: a. photograph (4.5cm × 3.5cm)
- signature (with black ink)
- left thumb impression (on white paper with black or blue ink)
- a handwritten declaration (on a white paper with black ink) (text given below)
- ensuring that all these scanned documents adhere to the required specifications as given in XIX C
- Siignature in CAPITAL LETTERS will NOT be accepted.
- 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.)
- 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.”
- 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.
- In the case of Visually Impaired candidates who cannot write may get the text of declaration typed and put their left-hand thumb impression below the typed declaration and upload the document as per specifications.
- Keep the necessary details/documents ready to make Online Payment of the requisite application fee/ intimation charges.
- Have a valid personal email ID and mobile no., which should be kept active till the completion of this Recruitment Process.
- IFSCA may send intimation to download call letters for the Examination etc. through the registered e-mail ID.
- In case a candidate does not have a valid personal e-mail ID, he/she should create his/her new e-mail ID and mobile no. before applying on-line and must maintain that email account and mobile number.
- On-Line Application and Payment of fee On-Line 28.03.2024 to 21.04.2024
Notification PDF for IFSCA Recruitment 2024
The IFSCA Recruitment 2024 notification details the process for Officer Grade A (Assistant Manager) positions, including application dates, exam schedule, and reservation policies. It outlines vacancy numbers, eligibility criteria, pay scale, benefits, and instructions to avoid fraudulent offers. This document serves as a guide for interested candidates.
Click For The Official Notification
