PFRDA Grade A 2026: Pension Regulator Assistant Manager Exam Guide
Last updated: 2026-11-14 · MockMentor
The Pension Fund Regulatory and Development Authority (PFRDA), which regulates the National Pension System (NPS) and the Atal Pension Yojana, recruits Officer Grade A (Assistant Manager). The 2026 advertisement (No. 03/2026, dated 3 September 2026) has 30 posts across the General, Research, Actuary and Official Language (Rajbhasha) streams.
Status (14 November 2026): Phase I was held on 15 October 2026. Phase II is on 20 November 2026. Interviews follow for those who clear Phase II.
PFRDA Grade A 2026 at a glance
| Item | Details |
|---|---|
| Post | Officer Grade A (Assistant Manager) |
| Total posts | 30 (UR 12, OBC 8, SC 5, EWS 3, ST 2) |
| Age | Not above 30 years as on 31 July 2026 (born on or after 1 August 1996) |
| Application | 3 to 24 September 2026 |
| Phase I | 15 October 2026 |
| Phase II | 20 November 2026 |
| Final weightage | Phase II 85% : interview 15% |
| Starting basic pay | ₹62,500 |
| Gross pay | About ₹2,05,000 a month at the start |
| Probation | Two years |
| Fee | ₹1,000; nil for SC/ST/PwBD and ex-servicemen |
Posts by stream
| Stream | Posts | Qualification (as on 31 July 2026) |
|---|---|---|
| General | 25 (UR 9, OBC 7, SC 4, EWS 3, ST 2) | Master's or 2-year PG diploma in any discipline, or Bachelor's in Law or Engineering, or CA, CS, CMA or CFA |
| Research | 2 | Master's in Economics, Finance, Statistics, Data Science or related subjects |
| Actuary | 2 | Graduation plus all 7 Core Principles papers of the Institute of Actuaries of India |
| Rajbhasha | 1 | Master's in Hindi or Hindi Translation with English at degree level, or the other combinations listed |
You can apply for at most two streams, with a separate application and fee for each.
Phase I (shortlisting only)
| Paper | Content | Marks | Time |
|---|---|---|---|
| Paper 1 | English 25, Quantitative Aptitude 25, Reasoning 25, General Awareness with financial sector 25 (90 questions) | 100 | 60 minutes |
| Paper 2 (General) | Commerce, Accountancy, Management, Finance, Costing, Companies Act, Economics, Pension Sector, AI, Media, Marketing and Communication (50 questions) | 100 | 40 minutes |
- Negative marking of a quarter mark in both papers.
- You need the cut-off in each paper and in the aggregate. Phase I marks do not count in the final result.
Phase II
| Paper | Content | Marks | Time | Weightage |
|---|---|---|---|---|
| Paper 1 | English descriptive (3 questions) to test drafting | 100 | 60 minutes | 1/3 |
| Paper 2 | Stream subject (50 objective questions) | 100 | 40 minutes | 2/3 |
- Paper 1 is evaluated only for candidates who clear Paper 2.
- Negative marking applies to Paper 2.
Pay
- 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 ₹2,05,000 a month at the start, including PFRDA's NPS contribution and allowances.
- Posting: New Delhi or Mumbai, and liable to serve anywhere in India.
The new scale is much higher than in PFRDA's 2025 advertisement, which started at ₹44,500.
Read next: IFSCA Grade A and SEBI Grade A. For NPS and APY questions, see our Finance Ministry schemes.
More in Regulatory exams
Prepare with MockMentor
RBI Grade A/B 2027 Super-Elite Course (₹7,500) – Complete Phase 1 and Phase 2 preparation with the Descriptive Writing Programme. 365 days validity.