IFSCA Grade A officers enjoy an attractive salary package designed to reward and retain skilled professionals in India's financial services sector. Officers recruited as Grade ‘A' start with a basic pay of Rs. 62,500 per month, which, along with various allowances like Dearness Allowance, Housing Allowance, Grade and Special Allowances, and contributions to the National Pension System (NPS), brings the approximate in-hand salary to around Rs. 1,80,000 per month at the minimum of the scale. Beyond the salary, the role offers several benefits including medical coverage, leave fare concession, personal accident insurance, education and learning allowances, and other perks that make the position both financially rewarding and professionally fulfilling.
In this blog, we provide details of the IFSCA Grade A salary structure, including basic pay, perks, and benefits, along with information about the job profile and more.
What is the salary structure of an IFSCA Grade A officer?
The IFSCA Grade A officer salary starts with a basic pay of Rs. 62,500 per month, which, along with allowances and benefits, brings the approximate in-hand salary to around Rs. 1,80,000 per month at the minimum of the scale. Officers also receive perks such as medical coverage, leave fare concession, personal accident insurance, education and learning allowances, and other benefits.
| Component | Details |
|---|
| Basic Pay | Rs. 62,500 per month |
| Dearness Allowance (DA) | As per government norms |
| Housing Allowance (HA) | Provided as per rules |
| Grade & Special Allowances | Fixed allowances for Grade ‘A' officers |
| National Pension System (NPS) Contribution | Employer contribution included |
| Other Allowances | Family Allowance, Special Compensatory Allowance, Learning Allowance |
| Approx. In-hand Salary | Rs. 1,80,000 per month (minimum of scale) |
| Perks & Benefits | Medical coverage, leave fare concession, personal accident insurance, education allowance, conveyance allowance, house cleaning allowance, staff furnishing scheme, etc. |
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What are the basic pay and yearly increments of an IFSCA Grade A officer?
The basic pay of an IFSCA Grade A officer starts at Rs. 62,500 per month and increases annually through a structured pay scale over 17 years. In the first four years, the pay rises by Rs. 3,600 each year, reaching Rs. 73,300. During the next seven years, the annual increment is Rs. 4,050, gradually increasing the pay from Rs. 76,900 to Rs. 1,05,250.
In the following four years, the increment continues at Rs. 4,050 per year, bringing the pay to Rs. 1,21,450. In the final year, a single increment of Rs. 4,650 raises the maximum basic pay to Rs. 1,26,100. This step-wise increment system ensures steady and predictable growth in salary throughout an officer's career.
| Component | Details |
|---|
| Starting Basic Pay | Rs. 62,500 per month |
| Annual Increments | Fixed yearly increments as per the structured pay scale |
| Pay Scale Progression | Years 1–4: Rs. 62,500 → 66,100 → 69,700 → 73,300 (increment Rs. 3,600 per year) Years 5–11: 76,900 → 80,950 → 85,000 → 89,050 → 93,100 → 97,150 → 1,01,200 → 1,05,250 (increment Rs. 4,050 per year) Years 12–15: 1,09,300 → 1,13,350 → 1,17,400 → 1,21,450 (increment Rs. 4,050 per year) Year 16: 1,26,100 (single increment Rs. 4,650) |
| Total Duration | 17 years to reach the maximum of the scale |
| Purpose | Ensures steady, predictable, and structured growth in salary throughout the officer's career |
What is the in-hand salary of an IFSCA Grade A officer?
The in-hand salary of an IFSCA Grade A officer at the entry-level (minimum of scale) is approximately ₹1,80,000 per month, which includes the basic pay along with various allowances and contributions. This figure represents the gross salary, factoring in Dearness Allowance (DA), Housing Allowance (HRA), Grade Allowance, Special Allowance, Special Grade Allowance, Learning Allowance, Family Allowance, Local Allowance, Special Compensatory Allowance, and IFSCA's contribution towards the National Pension System (NPS).
| component | approximate value / notes |
|---|
| Basic Pay | ₹62,500 (starting pay at minimum of scale) |
| Dearness Allowance (DA) | 58% of basic pay - ₹36,250 |
| Housing Allowance (HRA) | 10–30% of basic pay depending on posting location - ₹6,250 to ₹18,750 |
| Other Allowances | Learning Allowance, Family Allowance, Local Allowance, Special Compensatory Allowance, etc. included |
| NPS Contribution by IFSCA | Part of gross salary, enhancing take-home benefits |
| Gross Pay | Approx. ₹1,80,000 per month (before taxes) |
Note: The exact in-hand salary will vary slightly based on the officer's posting location (affecting HRA) and deductions like income tax, employee's contribution to NPS, or other statutory contributions. After these deductions, the net take-home may be slightly lower than the gross ₹1,80,000.
Also Check: IFSCA Grade A Exam Pattern
What allowances & benefits are offered to an IFSCA Grade A officer?
An IFSCA Grade A officer receives a comprehensive package of allowances and benefits in addition to the basic pay. The allowances include Dearness Allowance (DA), Housing Allowance (HRA), Grade Allowance, Special Allowance, Special Grade Allowance, Learning Allowance, Family Allowance, Local Allowance, and Special Compensatory Allowance. These allowances are designed to compensate for cost of living, family responsibilities, location, and professional development needs.
Beyond monetary allowances, officers also enjoy a wide range of benefits such as Leave Fare Concession, medical reimbursement for hospitalisation and non-hospitalisation, personal accident insurance, eye care (refraction and cost of spectacles), education allowance for children, knowledge updation allowance, conveyance expenses, house cleaning allowance, staff furnishing schemes, briefcase, schemes for purchasing computers, and other facilities as per the norms for Officer Grade ‘A' in IFSCA. Together, these allowances and benefits make the compensation attractive and supportive of both professional and personal needs.
| Type | Allowance / Benefit | Details |
|---|
| Monetary Allowances | Dearness Allowance (DA) | 58% of basic pay to adjust for inflation |
| Housing Allowance (HRA) | 10–30% of basic pay depending on posting location |
| Grade Allowance | Fixed percentage of gross pay |
| Special Allowance | Enhances take-home salary |
| Special Grade Allowance | Additional incentive for Grade A officers |
| Learning Allowance | For professional development |
| Family Allowance | For dependents / spouse / children |
| Local Allowance | For location-based cost differences |
| Special Compensatory Allowance | For postings in difficult or high-cost areas |
| Benefits / Perks | Leave Fare Concession | Travel allowance for leave travel |
| Medical Expenses | Reimbursement for hospitalisation and non-hospitalisation |
| Personal Accident Insurance | Coverage for accidental injury or death |
| Eye Care | Refraction tests and cost of spectacles |
| Education Allowance | Financial support for children's education |
| Knowledge Updation Allowance | For courses, training, or seminars |
| Conveyance Expenses | Travel allowance for official purposes |
| House Cleaning Allowance | Support for household help |
| Staff Furnishing Scheme | Assistance in furnishing accommodation |
| Scheme for Purchasing Computers | Subsidised purchase of computers for personal/professional use |
| Briefcase | Official kit provided to officers |
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Is there a probation period for IFSCA Grade A officers?
Yes, candidates will have 2 years of probation period after they are appointed. The aspirants must note that they will be first appointed for a probationary period and then according to their performance they will be converted into confirmed employees and receive IFSCA Grade A Salary as stated in the notification.
What is the job profile of an IFSCA Grade A officer?
An IFSCA Grade A officer is primarily responsible for regulating, supervising, and promoting financial services within International Financial Services Centres (IFSCs). Their role involves policy formulation, monitoring compliance of financial institutions, conducting inspections, risk assessment, and ensuring adherence to legal and regulatory frameworks.
Officers may work across diverse areas such as banking, insurance, securities, pensions, fintech, and other financial markets. They are also involved in research, reporting, and advisory functions, as well as representing the authority in national and international forums. The job requires strong analytical skills, regulatory knowledge, policy-making abilities, and effective stakeholder management.
| Aspect | Details |
|---|
| Primary Responsibility | Regulation, supervision, and development of financial services in IFSCs |
| Functional Areas | Banking, insurance, securities, pensions, fintech, and financial markets |
| Key Duties | Policy formulation, compliance monitoring, inspections, risk assessment, reporting |
| Skills Required | Analytical thinking, regulatory expertise, policy drafting, stakeholder engagement |
| Additional Roles | Research, advisory support, representation in national/international forums |
| Career Scope | Exposure to multiple financial sectors and strategic policymaking at international level |
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Key Takeaways
| Topic | Key Takeaways |
|---|
| Starting Basic Pay | ₹62,500 per month |
| In-hand / Approx. Gross Salary | Around ₹1,80,000 per month at minimum of scale (includes allowances & NPS contribution) |
| Annual Increments | Structured increments over 17 years: • Years 1–4: ₹3,600/year • Years 5–11: ₹4,050/year • Years 12–15: ₹4,050/year • Year 16: ₹4,650 |
| Allowances | Dearness Allowance (58% of basic), HRA (10–30% of basic), Grade & Special Allowances, Learning Allowance, Family Allowance, Local Allowance, Special Compensatory Allowance |
| Benefits / Perks | Leave Fare Concession, Medical Expenses (Hospitalisation & Non-Hospitalisation), Personal Accident Insurance, Eye Care, Education Allowance, Knowledge Updation Allowance, Conveyance Expenses, House Cleaning Allowance, Staff Furnishing Scheme, Scheme for Purchasing Computers, Briefcase |
| Probation Period | 2 years; confirmation depends on performance |
| Job Profile / Responsibilities | Regulate, supervise, and promote financial services in IFSCs; policy formulation, compliance monitoring, inspections, risk assessment, reporting; research and advisory; representation in national/international forums |
| Functional Areas | Banking, insurance, securities, pensions, fintech, other financial markets |
| Skills Required | Analytical thinking, regulatory expertise, policy drafting, stakeholder management |
| Career Scope | Exposure to multiple financial sectors and strategic policy-making at international level |
