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IFSCA Grade A Exam Date 2023, Check Details Here

Last updated on 30-May-2023

IFSCA Grade A Result Out for Phase 2 on 30th May 2023! Phase 2 exam was conducted on 13th May 2023 and Phase 1 was conducted on 15th April 2023. The admit cards are available to download on the official website for Phase 2. IFSCA Grade A 2023 notification was released on the 11th of February 2023 for 20 vacancies. Candidates could apply online for the post of Grade A officer from the official website of IFSCA till 15th March 2023. Aspiring candidates must be aware of the exam dates of all the stages of the IFSCA Grade A examination. We have mentioned below the details of the IFSCA Grade A Exam Date.

Check IFSCA Grade A Exam Analysis

You can also download the memory-based question PDF from the above-linked exam analysis blog.

IFSCA Grade A Exam 2023- Overview

It is very essential to have a complete overview of the exam before moving on to the IFSCA Grade A Exam Dates. Below are the basic details for the IFSCA Grade A Exam. 

ParticularsDetails
IFSCA Grade A RecruitmentIFSCA Grade A Recruitment Exam 2023
Advertisement Number10022023
PostAssistant Manager
Number of Vacancies20
Educational QualificationGraduation/ Post Graduation
Selection ProcessPhase 1, Phase 2 & Interview
Application FeesRs. 1000 for General/OBC/EWS and Rs. 100 for SC/ST/PWD
Official WebsiteIFSCA

IFSCA Grade A 2023 - Important Dates

The important dates along with the IFSCA Grade A Exam Dates 2023 are mentioned in the table below:

EventsDates
IFSCA Grade A Notification 2023 Release Date11th February 2023
IFSCA Grade A 2023 Online Application Form Starts11th February 2023
Last Date to Apply Online for IFSCA Grade A 2023

3rd March 2023

15th March 2023 (Updated Date)

Downloads IFSCA Grade A 2023 admit card 

5th April 2023 (Phase 1)

4th May 2023 (Phase 2)

IFSCA Grade A 2023 Exam Date Phase-115th April 2023
IFSCA Grade A 2023 Exam Date Phase-213th May 2023 
IFSCA Grade A 2023 Result 

21st April 2023 (Phase 1)

30th May 2023 (Phase 2)

IFSCA Grade A InterviewTBA

IFSCA Grade A Exam Pattern 2023

IFSCA Grade A Recruitment will be conducted in the following 3 phases-

  1. Phase 1: Online Exam (Preliminary)
  2. Phase 2: Online Exam (Mains)
  3. Phase 3: Interview

The following is the exam pattern for the online exams:

IFSCA Grade A Preliminary Online Exam 2023

The Prelims (Phase 1) Exam will have two papers which are explained in detail in the below table.

PaperStreams/SubjectsMaximum MarksDurationCut Off
Paper 1Multiple 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
10060 minutes30%
Paper 2Multiple 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) 10060 minutes40%
Aggregate Cut-Off   40%
  1. There shall be negative marking (1/4th of marks assigned to the question) for Paper 1 and Paper 2 in Phase I.
  2. There shall be a cut-off of a minimum of 30% for Paper 1 (no sectional cut-off shall be there) and a cut-off of a minimum of 40% for Paper 2 in Phase I.
  3. Candidates would need to secure a separate cut-off in each paper as mentioned in (ii) above as well as aggregate cut-off marks of 40% in the Phase I exam to be shortlisted for Phase II. Marks obtained in Phase I shall be used only for shortlisting the candidates for the Phase II examination process and will not be counted for the final selection of the candidates.
  4. Subject to the criteria mentioned in (iii) above, all the candidates who clear Phase I shall be shortlisted for Phase II. A list of candidates shortlisted for Phase II will be made available on the IFSCA website.

IFSCA Grade A Main Online Exam 2023

The mains exam will be conducted on 13th May 2023. Phase 2 is divided into two papers i.e. Paper 1 & Paper 2. Check out the detailed exam pattern below:

PaperStreams/SubjectsMaximum MarksDurationCut OffWeightage
Paper 1

English (Descriptive Test)

(a) Precis Writing – 35 marks

(b) Essay writing – 30 marks 

(c) Comprehension- 35 marks

10060 minutes30%1/3rd
Paper 2Multiple 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) 10060 minutes40%2/3rd
Aggregate Cut-Off   40% 
  1. Candidates shortlisted for Phase II will be issued new Hall Tickets.
  2. There shall be a negative marking (1/4th of marks assigned to the question) for Paper 2 in Phase II
  3. There shall be a cut-off of a minimum of 30% for Paper 1 and a cut-off of a minimum of 40% for Paper 2 in Phase II
  4. Candidates would need to secure separate cut-offs in each paper as mentioned above as well as aggregate cut-off marks of 40% in the Phase II exam (weightage of 1/3rd for Paper 1 and 2/3rd for Paper 2) to be shortlisted for Phase III.
  5. Subject to the criteria mentioned above, candidates equaling 3 times the number of vacancies shall be shortlisted, in order of merit, for Phase III i.e. the Interview. A list of candidates shortlisted for Interviews will be made available on the IFSCA website.

IFSCA Grade A Interview 2023

Only the shortlisted candidates will be called for the interview. The application fee shall not be refunded to the candidates not shortlisted for Phase II and Interview. The weightage of marks obtained in Phase II will be 85%, while marks obtained in the interview shall be given a weightage of 15%.

Also, check out the following given links:

FAQs

When was the IFSCA Grade A 2023 notification released?

IFSCA released the notification for Grade A Assistant Manager recruitment on 11th February 2023.

What are the registration dates for IFSCA Grade A 2023? +

The registration started on 11th Feb 2023 and closed on 15th March 2023.

When is the Phase I online exam for IFSCA Grade A 2023? +

The Phase I online exam for IFSCA Grade A 2023 was conducted on 15th April 2023.

When is the Phase II online exam for IFSCA Grade A 2023? +

The Phase II online exam for IFSCA Grade A 2023 was conducted on 13th May 2023 and the admit cards were available to download from 4th May 2023.

When will the IFSCA Grade A Admit Card 2023 be made available? +

The IFSCA Grade A Admit Card 2023 are available 10 days before the exam. The admit card for Phase 1 was released on 5th April 2023 Phase 2 admit card was released on 4th May 2023.

What is the application fees for IFSCA Grade A 2023? +

The application fees for IFSCA Grade A 2023 for UR/OBC/EWS is ₹1000/- and for SC/ST is ₹100/-.

How many vacancies are available for IFSCA Grade A 2023? +

There are 20 vacancies available for IFSCA Grade A 2023.

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