SEBI Grade A Cut Off: Qualifying Marks in Phase I, Phase II and the Final List
Last updated: 2026-11-14 · MockMentor
SEBI Grade A is unusual among regulator exams because its minimum cut-offs are fixed in the advertisement. You must clear them in each paper and in the aggregate. Beyond Phase II, the number of vacancies decides how high you need to score. The rules below are from the 2025 advertisement.
In short: Phase I needs 30% (Paper 1), 40% (Paper 2) and 40% overall. Phase II needs 30% (Paper 1), 40% (Paper 2) and 50% weighted aggregate, after which about 3 times the vacancies go to interview. The final list is 85% Phase II and 15% interview.
Phase I cut-off
| Paper | Minimum |
|---|---|
| Paper 1 (General Awareness, English, Quantitative Aptitude, Reasoning) | 30%, with no sectional cut-off |
| Paper 2 (stream subject) | 40% |
| Aggregate of Phase I | 40% |
Every candidate who meets all three is shortlisted for Phase II. Phase I marks are used only for this screening.
Phase II cut-off
| Paper | Minimum | Weight |
|---|---|---|
| Paper 1 (English descriptive) | 30% | 1/3 |
| Paper 2 (stream subject) | 40% | 2/3 |
| Weighted aggregate | 50% |
After these minimums, candidates equal to 3 times the vacancies are called to interview in order of merit. So the real Phase II cut-off is the score of the last candidate within that 3x band, which can be well above the 50% minimum.
Final merit
| Component | Weight |
|---|---|
| Phase II marks | 85% |
| Interview | 15% |
For the Legal and Engineering streams, 3.75 of the 15 interview marks are for relevant post-qualification experience.
Actual cut-off scores, General stream
The fixed minimums above are only the floor. Because only about 3 times the vacancies reach interview, the real Phase II and final cut-offs are higher. These are the reported scores for the General stream.
These figures were compiled from score cards and result notices by coaching institutes and exam portals, and checked against at least two such sources. They are not taken from the recruiter's own website, so treat them as a guide and confirm on the official site before relying on them.
| Category | Phase II 2025 | Final 2025 | Phase II 2024 |
|---|---|---|---|
| UR | 66.50 | 70.286 | 66.50 |
| OBC | 64.17 | 66.325 | 63.83 |
| EWS | 61.83 | 65.031 | 62.50 |
| SC | 60.83 | 64.945 | 62.50 |
| ST | 60.67 | 62.281 | 64.50 |
The Phase II figures are weighted scores out of 100, so the open-category cut-off has been about 66.5 in both years, well above the 50% minimum. Plan for a weighted Phase II score near 70 to be safe.
What this means for preparation
- The 30% in English descriptive is a real hurdle. It is a drafting test, and a weak Paper 1 can end your attempt regardless of Paper 2.
- Paper 2 carries twice the weight of Paper 1 in Phase II. For the General stream, Accountancy, Costing and the Companies Act need as much attention as Finance and Economics.
- The interview is only 15%, so Phase II largely decides your rank.
Frequently asked questions
What is the SEBI Grade A Phase I cut-off?
30% in Paper 1, 40% in Paper 2 and 40% in the aggregate, as fixed in the advertisement.
What was the SEBI Grade A final cut-off in 2025?
For the General stream, the reported final cut-off for the open category was 70.286, and the Phase II cut-off was 66.50.
What is the SEBI Grade A Phase II cut-off?
30% in Paper 1, 40% in Paper 2 and 50% in the weighted aggregate (1/3 Paper 1, 2/3 Paper 2). Then about 3 times the vacancies are shortlisted for interview.
How is the SEBI Grade A final merit list made?
Phase II carries 85% and the interview 15%.
Read next: syllabus and exam pattern and vacancies.