IFSCA Grade A: GIFT City Regulator Assistant Manager Exam Guide
Last updated: 2026-11-14 · MockMentor
The International Financial Services Centres Authority (IFSCA), headquartered at GIFT City, Gandhinagar, regulates financial products, services and institutions in India's International Financial Services Centres. Within the IFSCs it exercises the powers of RBI, SEBI, IRDAI and PFRDA. It recruits Officer Grade A (Assistant Manager) in General, Legal and IT streams. The latest cycle (2025) had 20 posts.
IFSCA Grade A 2025 at a glance
| Item | Details |
|---|---|
| Post | Officer Grade A (Assistant Manager) |
| Total posts | 20 (UR 8, OBC 5, SC 3, ST 2, EWS 2) |
| Age | Not above 30 years as on 25 September 2025 |
| Marks | At least 60% in the qualifying degree |
| Application | 11 to 25 September 2025 |
| Phase I | 11 October 2025 |
| Phase II | 15 November 2025 |
| Final weightage | Phase II 85% : interview 15% |
| Starting basic pay | ₹62,500 |
| Gross pay | About ₹1,80,000 a month at the start |
| Probation | Two years |
| Fee | ₹1,000; ₹100 for SC/ST/PwBD |
Posts by stream
| Stream | Posts | Qualification |
|---|---|---|
| General | 12 | Master's in Statistics, Economics, Commerce, Business Administration (Finance) or Econometrics; or Bachelor's in IT or Computer Science or MCA; or B.Com with CA, CFA, CS or ICWA; or Bachelor's in Law |
| Legal | 4 | Bachelor's degree in Law |
| Information Technology | 4 | Bachelor's in IT or Computer Science, or MCA |
Phase I (shortlisting only)
| Paper | Content | Marks | Time | Cut-off |
|---|---|---|---|---|
| Paper 1 | General awareness (financial sector), English, Quantitative Aptitude, Reasoning (25 questions each) | 100 | 60 minutes | 30% |
| Paper 2 (General) | GK and current events, economic and social development, commerce, accountancy, management, finance and costing, Indian and global economy, Government schemes in the financial sector (50 questions of 2 marks) | 100 | 60 minutes | 40% |
The aggregate cut-off is 40%. Both papers have negative marking of a quarter mark. Legal and IT candidates take a specialised Paper 2.
Phase II
| Paper | Content | Marks | Time | Cut-off | Weightage |
|---|---|---|---|---|---|
| Paper 1 | English descriptive: precis 35, essay 30, comprehension 35 | 100 | 60 minutes | 30% | 1/3 |
| Paper 2 | Stream subject (objective) | 100 | - | 40% | 2/3 |
- The aggregate cut-off is 40%. Paper 2 has negative marking.
- Paper 1 is evaluated only for candidates who clear Paper 2.
- Final selection: Phase II and interview, weighted 85:15.
Pay and conditions
- Pay scale: ₹62,500 - 3,600(4) - 76,900 - 4,050(7) - 1,05,250 - EB - 4,050(4) - 1,21,450 - 4,650(1) - 1,26,100.
- Gross pay: about ₹1,80,000 a month at the start, including IFSCA's NPS contribution and allowances.
- Probation: two years.
Why IFSCA is worth a look
IFSCA is a young regulator, and GIFT IFSC is a regular topic in RBI Grade B and SEBI Grade A current affairs. The IFSCA syllabus overlaps heavily with SEBI Grade A and PFRDA Grade A, so one preparation covers all three.
Source: IFSCA: Recruitment of Officer Grade A (Assistant Manager) 2025, advertisement on ifsca.gov.in.
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