IFSCA Grade A Salary 2023 | Check All Details

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IFSCA Grade A Salary – International Financial Services Centres Authority (IFSCA) is a statutory regulatory body whose motive is to regulate the financial markets in IFS Centres in India. Recently on 11th February 2023, the IFSCA released a notification inviting applications from eligible and interested candidates for the post of Assistant Manager. The candidates will get the complete details of IFSCA Grade A Salary in the article, so go through the complete article.

The aspirants who will be appointed under IFSCA Grade A Recruitment must note that their basic pay will be Rs 44500. Gradually the candidates will move to further stages and hence their salaries will increase. The pay scale for IFSCA Grade A officers is Rs. 44500- 2500(4)- 54500- 2850(7)- 74450- EB- 2850(4)- 85850- 3300(1)- 89150 (17 years). Candidates must not get confused between basic pay and gross pay. The gross pay is the amount you get as a salary after adding all the allowances.

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Check out IFSCA Grade A Tests Plan & Learn Plan for Phase 2

IFSCA Grade A Salary Overview

ParticularsDetails
IFSCA Grade A Basic PayRs 44500
IFSCA Grade A Pay ScaleRs. 44500- 2500(4)- 54500- 2850(7)- 74450- EB- 2850(4)- 85850- 3300(1)- 89150 (17 years)
IFSCA Grade A AllowancesGrade Allowance, Special Allowance, Dearness Allowance, Local Allowance, Family Allowance, etc
IFSCA Grade A Gross EmolumentsRs. 1,43,000/- per month 
Official WebsiteIFSCA

Note: The Gross Emoluments include the IFSCA’s contribution towards National Pension Scheme (NPS) as well. 

IFSCA Grade A Allowances & Benefits

The candidates must know the allowances that they get apart from the IFSCA Grade A Salary when appointed as Assistant Managers. Below is the list of IFSCA Grade A Allowances:

  • Grade Allowance 
  • Special Allowance 
  • Dearness Allowance 
  • Local Allowance 
  • Family Allowance
  • Leave Fare Concession 
  • Medical Expenses 
  • Eye Refraction 
  • Education Allowance 
  • Financial Dailies
  • Book Grant
  • Briefcase
  • Conveyance Expenses
  • House Cleaning Allowance
  • Staff Furnishing Scheme
  • Scheme for Purchasing Computers
  • Subsidized Lunch Facility, etc 

IFSCA Grade A Salary Structure 2023

Well, the IFSCA Grade A Salary is quite lucrative and impressive. The aspirants who will start their careers or join as IFSCA Grade A Assistant Managers will be enjoying several benefits. The basic salary will start from Rs 44500. For the detailed IFSCA Grade A Salary Structure, the aspirants must check out the table given below:

Time PeriodBasic Pay (in Rs)Increment (in Rs)
Starting PayRs 44500Rs 2500 every year
After 4 YearsRs.54500Rs. 2850 every year 
After 7 YearsRs 74450Rs. 2850 every year
After 11 YearsRs 85850Rs. 3300 every year
After 12 Years to 17 yearsRs 89150 (Maximum Pay)

IFSCA Grade A Probation Period & Career Growth

Every candidate wants to have growth in their career therefore it is very important to know what is the scope of career growth in the concerned department. The aspirants must note that they will be first appointed for a probationary period of 2 years and then according to their performance they will be converted into confirmed employees. 

How Can We Prepare for the IFSCA Grade A Exam 2023?

Well, to crack the IFSCA Grade A Exam you need to have a structured way of preparation. For the systematic preparation, we have come up with 3 plans which you can find by clicking on the link below:

Check out IFSCA Grade A Plans

  1. IFSCA Grade A 2023 Test Plan (Phase 1)
  2. IFSCA Grade A 2023 Test Plan (Phase 1+2)
  3. IFSCA Grade A 2023 Learn Plan (Phase 1)

You can choose the plan according to your preparation strategy. The best part is that you can access them till the end of the IFSCA Grade A Exam.

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IFSCA Grade A Salary FAQs

What is the basic pay of an IFSCA Grade A Assistant Manager?

The basic IFSCA Grade A Salary is Rs 44500.

What are the gross emoluments that a candidate gets per month?

The gross emoluments that the candidate gets are Rs 1,43,000 per month.

What are the IFSCA Assistant Manager perks & allowances?

There are several allowances including Grade Allowance, Special Allowance, Dearness Allowance, Local Allowance, Family Allowance, etc

Where will the candidates appointed as IFSCA Grade A Assistant Manager be posted after selection?

The candidates can be posted anywhere in India or abroad where IFSCA has its offices.

What is the range of IFSCA Grade A Salary?

The range for IFSCA Grade A Salary is from Rs 44500 to Rs 89150.