RECRUITMENT OF OFFICER GRADE ‘A’ (ASSISTANT MANAGER) – 2023 in

RECRUITMENT OF OFFICER GRADE ‘A’ 

(ASSISTANT MANAGER) – 2020 in 

(PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY ,NEW DELHI)

 

 

 

RECRUITMENT OF OFFICER GRADE ‘A’ (ASSISTANT MANAGER) – 2020

 

IMPORTANT DATES TO REMEMBER
Activity	Important Dates (PFRDA reserves the right to make any changes)
On-Line Application and Payment of fee	16/06/2020 - 31/07/2020
Availability of Call Letters on PFRDA website (for On-Line Examination)	Will be intimated by E-mail/SMS.
On-Line Examination (Phase I)	Will be Announce soon
Group Discussion and Interview (Phase II)	Will be intimated to candidates successful in On- Line Examination by E-mail.

Pension Fund Regulatory and Development Authority (PFRDA/Authority), is a statutory regulatory body in the financial sector established under PFRDA Act (23 of 2013) passed by the Parliament of India with the mandate to promote, develop and regulate the Pension industry in India.

 

PFRDA invites applications from Indian citizens for filling up the posts of Officer Grade ‘A’ (Assistant Manager) in General and Legal Stream. PFRDA reserves the right to increase or decrease, fill up or not to fill up the posts or terminate this process at any stage and accordingly, the applicants shall have no right to participate further in the selection process.

 

Stream		Number of Posts				Out of which PwBD*	Total Posts	Educational Qualification
	SC	ST	OBC	EWS #	UR/ GEN
General	-	-	1	-	2	1   (D & HH)	3	Master's Degree in any discipline, Bachelor's Degree in                Law, Bachelor's Degree in Engineering from a recognized University, CA, CFA, CS, CWA.
Legal	-	-	-	-	2	-	2	Bachelor’s Degree in Law from a recognised University / Institute

 

Abbreviations: D: Deaf, HH: Hard of Hearing, SC: Scheduled Caste, ST: Scheduled Tribe, OBC: Other Backward Classes, EWS: Economically Weaker Sections UR/GEN: Unreserved/General                                                                        

Candidates belonging to OBC category but coming in the 'Creamy Layer' are not entitled to OBC reservation. They should indicate their category as '(UR/GEN)’

Candidates are expected to be computer literate and conversant with MS–Office (Word and Excel) applications.

 

Note I: Candidates are permitted to apply for posts in multiple streams as per their educational qualifications. Candidates interested in applying for both General and Legal Stream would be required to fill separate applications and pay the requisite fees. In case a candidate applies more than once in a single stream and/or both the streams, only the latest applications for each such stream shall be considered valid and the previous applications shall be rejected. The recruited officers may be posted to various departments of PFRDA, irrespective of their streams.

 

Note II: The candidate must hold a degree of any of the Universities incorporated by an Act of the Central or State Legislature in India or other educational institutions established by an Act of Parliament or declared to be deemed as a University under Section-3 of the University Grants Commission Act, 1956, or possess an equivalent qualification from a Foreign University recognized by the Association of Indian Universities.

 

Note III: The date of passing eligibility examination will be the date appearing on the mark sheet or provisional certificate issued by the University/Institute. In case the result of a particular examination is posted on the website of the University/Institute, a certificate issued by the appropriate authority of the University/Institute indicating the date on which the result was posted on the website will be taken as the date of passing.

 

Note IV: Candidates who have appeared for the final examinations and waiting for the results are eligible to appear in selection process. However, the offer to join PFRDA to the selected candidates shall be subject to production of necessary documents evidencing successfully obtaining the requisite qualification.

 Age Limit (as on 30/04/2020):

 

a.     A candidate must not have exceeded the age of thirty (30) years as on April 30, 2020 i.e., candidate must have been born on or after May 01, 1990. 

MODE OF SELECTION: 

Mode of selection will consist of two-stage process i.e. Phase I consisting of On-line examination and Phase II consisting of Group Discussion and Interview.

a.   Phase I On-Line Examination:

For General Stream:

An On-line examination consisting of Multiple-Choice questions (Objective Test) with 1/4^th penalty for each wrong answer marked by the candidate.

 

For Legal Stream:

An On-line examination consisting of Multiple-Choice questions (Objective Test) with 1/4^th penalty for each wrong answer marked by the candidate followed by a Descriptive (Subjective) Test.

 

The exam pattern will consist of:

 

Stream	Tests	No. of questions	Maximum Marks	Duration (in minutes)
	English Language	40	40	35

 

General	Reasoning	40	50	35
	General Awareness + Financial Sector Awareness	40	40	25
	Computer Awareness	40	40	25
	Quantitative Aptitude	30	30	30
	Overall Total	190	200	150

 

 

Stream	Tests		No. of questions		Maximum Marks		Duration (in minutes)
Legal	English Language		40		40		35
	Reasoning		40		50		35
	General Awareness + Financial Sector Awareness		40		40		25
	Computer Awareness		40		40		25
	Quantitative Aptitude		30		30		30
	Professional Knowledge		50		100		30
			240		300		180
	Descriptive Test (Subjective): Four (4) Legal Case Studies (situation-based questions) each carrying Ten (10) marks i.e. Total Forty (40) marks [for four (4) cases]. The time allotted for the descriptive paper would be thirty (30) minutes.
	Overall Total (Objective + Subjective)	244		340		210

 

i.        Phase I On-Line examination will be conducted in a single shift. The tests will be set bilingually (Hindi & English) except the test for English Language and the Descriptive Test which will be in English only.

 

ii.       In Phase I On-Line examination, candidates applying for both the streams shall not be required to appear separately for common tests.   

 

iii.      If a candidate has applied for both the streams, marks obtained in Professional Knowledge and Descriptive Test shall be considered for shortlisting of candidates for Phase II of Legal Stream only.  

 

iv.      For candidates appearing for Legal Stream, Descriptive Test would be evaluated for only those candidates who qualify in the Objective test.

 

v.       Candidates would have to secure minimum marks separately for each section/test to get shortlisted for Phase II. Shortlisted candidates will be intimated the date and time for Phase II by e- mail and/or call letter and list of such candidates also will be made available on PFRDA website.

 

b.   Phase II Group Discussion and Interview:

 

i.     On fulfilling the criteria of minimum cut-off marks in each test, candidates will be shortlisted based on aggregate marks obtained in Phase-I for the particular stream. ii.       The minimum aggregate cut-off marks for being shortlisted for Phase-II of the examination will be decided by the Authority in relation to the number of vacancies.

iii.       Only the shortlisted candidates will be called for Phase II of the selection process which will consist of Group Discussion and Interview. Application fee shall not be refunded to the candidates not shortlisted for Phase II.

iv.       Candidates may opt for group discussion and interview in Hindi or English.

 

Note: The marks obtained in Phase I will be allotted a weightage of 80%, while the marks obtained in Phase II will be allotted a weightage of 20%. PFRDA reserves the right to modify the selection process at any stage, if deemed fit.

 

II.   SERVICE CONDITIONS / PAY AND ALLOWANCES:

 

a.       Probation: The successful candidates recruited for the post of Officer Grade ‘A’ (Assistant Manager) shall undergo probation of one year. The candidates shall be confirmed in the services of PFRDA subject to their satisfactory performance during the probation period.

 

b.       Pay: The pay scale of Officers in Grade ‘A’ is Rs. 28150-1550(4)-34350-1750(7)-46600- EB-1750(4)-53600- 2000(1)-55600 (17 years).

 

Presently, the gross emolument includes PFRDA’s contribution towards National Pension System (NPS), Grade Allowance, Special Allowance, Dearness Allowance, Local Compensatory Allowance and Housing Allowance.

 

c.        Benefits: Other benefits include viz., Leave Fare Concession, Medical Expenses (Hospitalisation and Non-Hospitalisation), Personal Accident Insurance, Eye Refraction/ Cost of Spectacles, Education Allowance, Financial Dailies, Book Grant, Briefcase,

Conveyance Expenses, House Cleaning Allowance, Staff Furnishing Scheme, Scheme for

Purchasing Computers and all other benefits as are admissible to an Officer Grade ‘A’ in PFRDA.

 

Total CTC consisting of Pay and Benefits for the post of Officer Grade ‘A’ at the beginning of scale of pay would be approx. Rs. 16 Lacs per annum.

 

d.       Posting: The recruited officer may be transferred to any location in India where PFRDA has its Offices and posted to any department in PFRDA, irrespective of stream.

 

III.  EXAMINATION CENTRES:

 

a.     The Phase I on-line examination will be held at the following centers:

 

East Zone	West Zone	North Zone	South Zone	Central Zone
Kolkata	Mumbai / Navi Mumbai / Thane	Chandigarh / Mohali	Chennai	Bhopal
Patna	Ahmedabad / Gandhinagar	Delhi / NCR	Hyderabad	Nagpur
Guwahati	Jaipur	Lucknow	Trivandrum	Raipur
Bhubaneshwar			Bangalore
Ranchi

 

b. Candidates can provide their preference of center for Phase I in the online application. Notwithstanding the aforesaid provision, PFRDA reserves the right to change the center at its discretion. Candidates will appear for the On-line examination at an Examination Center, as mentioned in the call letter, irrespective of their choice, at their own risks and expenses. PFRDA does not make any arrangements for travelling/boarding/lodging of candidates. PFRDA will not be responsible for any injury or losses etc. of any nature during the course of examination. The candidates should note that no request for change of center will be entertained under any circumstances.

 

The venue for the group discussion and interview will be intimated to the shortlisted candidates in their call letter.

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