PFRDA Assistant Manager PFRDA Assistant Manager Phase I

PFRDA Assistant Manager: A Premier Career in Financial Regulation

The Pension Fund Regulatory and Development Authority (PFRDA) recruits Officer Grade 'A' (Assistant Manager) to regulate, promote, and ensure the orderly growth of the National Pension System (NPS) and other pension schemes. A career as a PFRDA Assistant Manager is one of the most prestigious opportunities in the financial regulatory domain. It involves working at the forefront of India's social security framework, contributing to policy-making, and overseeing the pension sector. This role offers a high-growth career path, an attractive salary, and the chance to make a significant impact on the nation's financial landscape.

Salary, Perks, and Career Growth

A position as a PFRDA Assistant Manager offers an excellent remuneration package and a structured career progression.

Attractive Salary: The pay scale for an Assistant Manager is ₹44500-2500(4)-54500-2850(7)-74450-EB-2850(4)-85850-3300(1)-89150 (17 years). The gross monthly emoluments are approximately ₹1,40,000, including various allowances.

Allowances and Benefits: Employees receive numerous benefits such as Leave Fare Concession (LFC), medical expenses, eye refraction, education allowance, financial dailies, book grant, and a Defined Contribution New Pension Scheme (NPS).

Career Progression: PFRDA offers a fast-paced career growth path. An Assistant Manager (Grade A) can be promoted to Manager (Grade B), Assistant General Manager (Grade C), Deputy General Manager (Grade D), and further up the hierarchy to senior management positions like Chief General Manager and Executive Director based on performance, seniority, and internal promotion policies.

PFRDA Assistant Manager Selection Process

The selection process for PFRDA Grade A is a three-phased competitive examination:

• Phase I (Online Exam): This is a screening test consisting of two papers. Paper 1 covers English, Reasoning, Quantitative Aptitude, and General Awareness. Paper 2 is a stream-specific multiple-choice question (MCQ) paper. There is a negative marking of 1/4th for wrong answers. [8, 28]
• Phase II (Online Exam): Candidates shortlisted from Phase I appear for Phase II, which also has two papers. Paper 1 is a descriptive English test (essay, precis, comprehension). Paper 2 is an MCQ-based test on the specialized subject of the stream. [5, 25]
• Phase III (Interview): Candidates who clear Phase II are called for a personal interview. The final merit list is prepared based on the combined scores of Phase II and the interview. [8, 15]

Key Eligibility Criteria

• Education: A Master's Degree in any discipline, a Bachelor's Degree in Law or Engineering, or professional qualifications like ACA, FCA, ACS, FCS, ACMA, FCMA, or CFA are required. [35]
• Age Limit: The maximum age limit is 30 years, with relaxations for reserved categories. [15]

How to Apply for PFRDA Assistant Manager Exam

The application process is conducted online through the official PFRDA or IBPS portal.

1. Visit the Official Website: Go to the PFRDA website at www.pfrda.org.in and click on the "Careers" link. [7]
2. New Registration: Find the recruitment notification for "Officer Grade A (Assistant Manager)" and click on "Apply Online". Choose the "Click here for New Registration" tab and enter your basic details to get a provisional registration number and password. [7, 17]
3. Fill the Application Form: Log in and fill out the detailed application form with your personal, educational, and professional information.
4. Upload Documents: Upload scanned copies of your photograph, signature, left thumb impression, and a handwritten declaration as per the specified format.
5. Fee Payment: Pay the application fee online. The fee is typically ₹1000 for General/EWS/OBC candidates, while SC/ST/PwBD/Women candidates are exempted. [8, 17]
6. Final Submission: Verify all the details in the application form before final submission. It is recommended to save and print a copy of the application form and the e-receipt for future reference.