Understand the exam

IFSCA Grade A, at a glance.

The International Financial Services Centres Authority regulates India’s IFSCs from GIFT City, Gandhinagar. It recruits Assistant Managers in Grade A through two online phases and an interview.

When is it?

CycleApplicationsStages
202511 to 25 September 2025Phase I, Phase II, then interview

Reported dates for the 2025 recruitment.

Stage by stage.

Phase I

Online screening

Paper 1 tests General Awareness (including the financial sector), English, Quant and Reasoning.

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Phase II

Online, with descriptive English

Objective papers in the stream subjects, and descriptive English.

85%weight
Interview

Final stage

Added to Phase II for the merit list.

15%weight

As reported for the 2025 recruitment; the IT stream also had a coding test. Confirm with the next notification.

How many seats?

12posts in 2025

General stream. 20 posts in all in 2025: 12 General, 4 Legal and 4 IT.

What it takes to get through.

IFSCA hasn’t published category-wise cut-offs for a regular cycle yet. We’ll add them when it does.

What they ask.

Phase I

  • General Awareness, including the financial sector
  • English
  • Quantitative Aptitude
  • Reasoning

Phase II (General)

  • Finance, economics and management subjects, as in the notification
  • Descriptive English

Much of it overlaps with SEBI Grade A: our SEBI and RBI notes cover the common ground.

What it pays.

Pay
Grade A pay as in the notification. We’ll add the figures from the next one

Can you apply?

Age
21 to 30 years, with relaxations for reserved categories
Education (General)
At least 60% in the qualifying degree, as in the notification

Always check the notification for the exact dates and relaxations.