In This Article We will give You Updates Regarding INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY Recruitment of Officer Grade A (Assistant Manager) – 2023
Visit Official Website of international Financial Services Centre Authority https://www.ifsca.gov.in/
International Financial Services Centres Authority (IFSCA) is a statutory regulatory body established by an Act of Parliament, to develop and regulate the financial services market in the International Financial Services Centres in India. GIFT IFSC in GIFT City,
Gandhinagar is the maiden IFSC in the country. The IFSC Authority has ben empowered to exercise the powers of RBI, SEBI, IRDAI and PFRDA in respect of financial products, financial services, and financial institutions in the IFSC.
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IMPORTANT DATES TO REMEMBER
On-Line Application and Payment of fee On-Line :- 11.02.2023 to 03.03.2023
Availability of Call Letters on IFSCA website (for On-Line Examinations) :- Will b intimated by email/SMS one week before the exam
Phase I On-Line Examination:- March/ April 2023
And Phas II OnLine Examination :- April/ May 2023
And III Interview :- Dates will b intimated
Therefore, Applicants desirous of applying for job at IFSCA are hereby cautioned not to fall prey to any unscrupulous elements who may try to deceive candidates/public by false promises of securing jobs in IFSCA.
So, In case any candidate comes across such offer/ practice, the same may b immediately brought to the notice of IFSCA at [email protected] with full details, such as name and contact details, of the elements indulging in such practice and also
1. IFSCA invites applications from Indian citizens for the post of Officer Grade A (Assistant Manager) for the General Stream. So IFSCA reserves the right to fill up the posts and or not to fill up the posts at all.
Number of posts
Total Vaccines:- 20
UR 10
OBC 5
SC 3
ST 1
EWS 1
Educational Qualification
Master’s Degree with specialization in Statistics/ Economics/ Commerce/ Business Administration (Finance) and Econometrics.
or
Bachelor’s degree in Information Technology/ Computer Science/ Master’s in Computer Application and 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.
a. Candidates belonging to OBC category but falling in the ‘Creamy Layer’ are not entitled to OBC reservation.
And also Reservations for Economically Weaker Sections (EWSs) in recruitment is governed by Office Memorandum No.36039/1/2019-Estt (Res) dated 31.01.2019 of Department of Personnel & Training,
Ministry of Personnel, Public Grievances & Pensions, Government of India.
Disclaimer: “EWSs vacancies are tentative and subject to further directives of Government of India and outcome of any litigation.
The appointment shall b provisional and shall b subject to the Income & Asset certificate being verified through proper channels”.
Benefit of reservation under EWSs category can availed upon production of an ‘Income and Asset Certificate’ for Financial Year 2021-22 issued by a Competent Authority on the format prescribed by the Government of India.
Note 1: A Post Graduate Diploma in any discipline will acceptable as educational requirement for General stream, provided the same is recognized as equivalent to a Master’ Degree in that discipline by Govt. of India.
The onus to provide necessary document in this regard shall on the candidates.
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 b relaxable:
a. 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.
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 OBC
a. NCL category should have OBC (NCL) valid certificate but earlier than the due date (closing date) of the application.
(iv) Relaxation of 10 (ten) years for PwBD candidates shall b 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 b eligible for grant of cumulative age-relaxation.
Where there is no vacancy reserved for OBC/SC/ST category candidates, such candidates can still apply. However, they will not b eligible for any relaxation and
SC/ ST candidates are exempt from payment of application fee even in such case but will have to pay specified intimation charges And also
OBC/ PwBD candidates should possess a latest certificate to this effect issued by the Competent Authority in the prescribed Format.
Meanwhile Phase I On-Line Examination
An online screening examination consisting of two papers (Multiple Choice questions of 100 marks each) will b held in March/April 2023 (tentatively). The exam will consist of:
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
Maximum Marks :- 100
Duration :- 60 Minutes
Cut OFF 30%
Paper 2
Therefore 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)
b. Therefore Phase II On-Line Examination:
Paper 1
English (Descriptive Test)
(a) Precis Writing – 35 marks
(b) Essay writing – 30 marks
(c) Comprehension- 35 marks
Maximum Marks :- 100
Duration :- 60 Minutes
Cut OFF 30%
Weightage- 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)
Maximum Marks :- 100
Duration :- 60 Minutes
Cut OFF 40%
Weightage- 2/3rd
Aggregate Cut off :- 40%
(i) Candidates shortlisted for Phase II will be issued new Hall Tickets.
(ii) There shall b negative marking (1/4th of marks assigned to the question) for Paper 2 in Phase II
(iii) There shall b 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
Further Paper 1 and 2/3rd for Paper 2) to b shortlisted for Phase III.
(v) Subject to the criteria mentioned above, candidates equaling 3 times the number of vacancies shall b shortlisted, in order of merit, for Phase III i.e. the Interview And
List of candidates shortlisted for Interview will made available on IFSCA website.
Note: All question papers (in both the Phases, except the test of English) will set bilingually in Hindi and English
c. Interview
Only the shortlisted candidates will b called for interview. Application fee shall not be refunded to the candidates not shortlisted for
So Phase II and Interview. Weightage of marks obtained in Phase II will be 85%, while marks obtained in interview shall b given a weightage of 15%.
IFSCA reserves the right to modify the selection procedure, if deemed fit.
APPLICATION FEE (NON-REFUNDABLE)
Unreserved/OBC/EWSs – Rs. 1000/- as application fee cum intimation charges
SC/ ST – Rs. 100/- as intimation charges
Amount of Fee (Non-refundable)
DOWNLOAD OF CALL LETTERS Candidates will have to visit the website www.ifsca.gov.in for downloading call letters for online examination. Intimation for downloading call letter will also sent through email/SMS.
Once the candidate clicks the relevant link, he/she can access the window for call letter download. The candidate is required to use
(i) Registration Number/Roll Number, (ii) Password/Date of Birth for downloading the call letter.
Candidate needs to affix recent recognizable photograph on the call letter which should be the same as provided during registration and appear at the examination centre with
(i) Call Letter (ii) Photo Identity Proof as stipulated in this advertisement and also specified in the call letter and (iii) Photocopy of the same Photo Identity Proof as brought in original.
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