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    PFRDA Assistant Manager Finance And Accounts Exam 2024, Recruitment, Syllabus, Eligibility Criteria

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    PFRDA Grade A Finance and Accounts 2024 Highlights

    Many candidates who dream of a stable government job are eagerly expecting the PFRDA recruitment this year, for the post of Grade A scale Assistant Manager. The notification is expected to cover several streams, each offering unique opportunities for candidates interested to join the Pension Fund Regulatory and Development Authority (PFRDA). This is a great chance for people with knowledge and experience in finance and commerce to get good position at PFRDA as Grade A Finance Officer. 

    Prospective candidates can to refer to the previous recruitment notification to know more about the PFRDA Grade A Exam 2024 and other vital details. This way better preparation and understanding of the recruitment process can be achieved. The PFRDA exam is yet to be announced and presents a golden opportunity for qualified individuals in diverse streams and in promising vacancies.  Candidates qualified in finance and accounts should gear up to apply for the PFRDA Finance Officer exam as soon as the PFRDA Grade A Notification for 2024 gets released.   

    PFRDA Grade A Finance Exam Pattern

    The PFRDA Grade A Finance Exam Pattern and Syllabus is an essential aspect for preparing for this specialized stream. Candidates should have a thorough understanding of the exam pattern as it is vital for effective preparation, and candidates can utilize PFRDA Grade A Free Mock Tests and previous year's question papers to enhance their performance in the PFRDA Grade A Finance Exam. The PFRDA Grade A exam is in the following three phases.   

    PFRDA Grade A Phase 1 Exam Pattern

    The PFRDA Grade A exam pattern for Finance and Accounts Phase 1 is in two papers – Paper 1 and Paper 2, a multiple-choice online exam to assess candidates' proficiency and skill-set. In Paper 1, which is common for all streams, candidates will face four sections covering subjects vital for a comprehensive evaluation. On the other hand, Paper 2 will specifically target the Finance and Accounts stream, featuring questions specific to the applied field.   

    It's important to note that Phase 1 is a qualifying exam, and the marks obtained won't contribute to the final merit list. However, candidates must pass the exam and is decisive to reach the Mains exam, as incorrect answers will incur a penalty of 1/4th of the marks for each wrongly attempted question. Candidates can know the detailed PFRDA Grade A exam pattern for Finance and Accounts Phase 1 – Paper 2. Detailed PFRDA Grade A exam pattern 2024 for Phase 1 - Paper 2 can be obtained from the table below. 

    PaperStream / SubjectMaximum MarksNumber of QuestionsTime Duration
    Paper 1
    All Stream: Multiple choice questions on the subjects    		 English Language 25 20 60 minutes
    Quantitative Aptitude 25 20
    Test of Reasoning 25 20
    General Awareness (including some questions related to financial sector) 25 20
    Total 100 80  
    Finance & Accounts Stream: Multiple choice questions on Specialised subject related to stream. 100 50 40 minutes  

    PFRDA Grade A Phase 2- Exam Pattern

    The PFRDA Grade A Mains exam, or Phase 2, continues the two-paper format – Paper 1 and Paper 2. Paper 1 is a Descriptive English paper and is common for all streams, where candidates' proficiency in English writing skills will be tested. While, Paper 2 is subject-specific to the chosen stream. Finance and Accounts in PFRDA Grade A Phase 2, Paper 2 adopts a multiple-choice question format.  

    To progress to the next stage, candidates must secure separate cut-offs in each paper and an overall cut-off in the PFRDA Grade A Phase 2 examination is also essential. The detailed PFRDA Assistant Manager exam pattern for Finance Phase 2 is given below. 

    PaperStream / SubjectMaximum MarksNumber of QuestionsTime Duration
    Paper 1 All Stream: English (Descriptive Test) to test the drafting skills 100 3 60 minutes
    Paper 2 Finance & Accounts Stream: Multiple choice questions on Specialised subject related to stream. 100 50 40 minutes

    Interview

    Candidates who pass Phase 2 will move on to Phase 3, which is the Interview stage. This phase is important because it contributes to 15% of the final selection score. Candidates can choose to attend the interview in either Hindi or English. It's worth noting that Phase 2 Online marks carry a significant weightage of 85%, highlighting the need for a good performance in this stage to get a desirable position as a PFRDA Grade A Assistant Manager in Finance and Accounts. 

    PFRDA Grade A Finance and Accounts Syllabus 2024

    The PFRDA Grade A syllabus for the Finance stream covers an exhaustive range of topics. The PFRDA Grade A syllabus 2024 for Finance is mentioned below in detail. 

    Phase 1 - Paper 1 Syllabus

    The PFRDA Grade A syllabus for the Finance stream in Phase 1 – Paper 1 is to assess /evaluate/test candidates in the skills of English Language, logical and analytical skills through Reasoning, testing awareness in General Awareness, and assessing quantitative abilities in Quantitative Aptitude. A targeted preparation across these subjects is required for excelling in the initial phase of the PFRDA Grade A Finance examination. The detailed PFRDA Grade A exam syllabus for Finance Phase 1- Paper 1 can be obtained from the syllabus dedicated page. 

    SectionTopics
    English Language Anonyms, Homonyms, Antonyms, Spelling, Word formation, Idioms and phrases, Fill in the suitable words, Grammar, Spotting errors, Sentence correction, Active/ passive voice, Phrases and idioms, Direct and indirect speech, Reading Comprehension, Passage completion, Theme detection, Deriving conclusion, Rearrangement of passage
    Quantitative Aptitude Simplification and approximation, Number Series, Quadratic Equation, Number System / HCF & LCM, Ratio and Proportion, Average, Partnership, Ages, Percentage, Profit & Loss, Time, Speed & Distance, Problems on Trains, Boat and Stream, Time & Work / Pipes and Cisterns, Simple and Compound Interest, Mixture & Allegations, Permutation and Combination, Probability, Data Interpretation (DI), Caselet DI and Data Sufficiency
    Reasoning Analogy, Classification, Word formation, Statement and conclusions, Syllogism, Statement and assumptions, Statement and arguments, Coding decoding, Blood relations, Passage and conclusions, Alphabet test, Series test, Number, ranking and time sequence, Direction sense test, Decision-making test, Figure series, Input/output, Assertion and reasoning, Sitting arrangement, Odd figure out, Analogy, Series test, Miscellaneous test
    General Awareness Monetary Policies, Banking and Financial Awareness, Economic Terms, Current Affairs, Static GK, Financial and Economic News, Government Schemes. Agreement & Deals, Banking Terms- rates & processes, National Institutions

    Phase 1- Paper 2 Syllabus

    In the PFRDA Grade A syllabus for the Finance stream in Phase 1 – Paper 2 for 2024, candidates can anticipate multiple-choice questions from various domains within the field of finance. This segment evaluates candidates' knowledge and expertise in specific financial concepts, with a focused assessment of their subject-specific skills. Aspirants should have an in-depth knowledge into the intricacies of finance-related topics, for successful performance in the overall PFRDA Grade A Finance recruitment process. The detailed syllabus is mentioned below. 

    Phase 2 - Paper 1 Syllabus 

    The PFRDA Grade A 2024 syllabus for the Finance stream in Phase 2 – Paper 2 includes assessing candidates' descriptive English skills, in letter formatting and easy writing proficiency. This segment aims to evaluate candidates' ability to communicate effectively in written form, demonstrating clarity, coherence, and a command of language.  

    SectionTopics
    English Writing Skills Precis Writing , Essay Writing , Comprehension

    Phase 2 - Paper 2 Syllabus 

    The PFRDA Assistant Manager syllabus for the Finance stream in Phase 2 – Paper 2 follows a multiple-choice question format, similar to Phase 1 – Paper 2. Only the difference is in the expected difficulty level of the questions. In Phase 2, candidates can anticipate a more challenging set of multiple-choice questions, reflecting a deeper assessment of their knowledge and understanding of finance-related concepts 

    SectionTopics
    The Basic Financial Statement
    • Trial Balance
    • Balance Sheet,Cash Flow Statement,Income Statement
    • Analysis of Financial Statement Ratio,Break Even Analysis,IND AS,Standard on Auditing
    • Cost accounting concepts (basics)
    • Marginal costing,Cost volume profit analysis,Cost sheet,Forecasting
    • Managment accounting
    • Cost of capital,Capital structure,Capital budgeting,Sources of finance,Corporate accounting
    • Business Law
    • Negotiable instruments,Contract act,Partnership act,Company law (Go through all these laws with amendments)
    • Income Tax Act,GST,Knowledge of IT and Digital Transaction,Compliance of KYC Norms,Financial System : Role and Functions of Regulatory bodies in Financial Sector,Financial Markets: Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments.
    • General Topics
    • Basics of Derivatives: Forward, Futures and Swap,Recent Developments in the Financial Sector,Financial Inclusion- use of technology,Alternate source of finance, private and social cost-benefit, Public-Private Partnership,Direct and Indirect taxes; Non-tax sources of Revenue, Finance Commission, Fiscal Policy, Fiscal ,Responsibility and Budget Management Act (FRBM),Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends,Economics: Capital market, Money market, Micro and macro economics concepts and Updates related to money market and RBI policies

    PFRDA Grade A Finance and Accounts Important Books 

    Books make or break one’s exam preparation. Choosing appropriate study materials is very essential for success in the PFRDA Grade A Finance and Accounts exam. Understanding the exam pattern and syllabus is important for targeted preparation. For a well-rounded approach and latest updates our BeePedia can be your ultimate guide. To assist you with the PFRDA Grade A exam 2024 preparation, some important PFRDA Grade A books are mentioned below. 

    PaperBooksAuthor/Publisher
    Securities Markets Capital Markets & Securities Laws N.S.Zad
    Economic and Social Issues Indian Economy Uma Kapila or Mishra Puri
    Indian Economy Ramesh Singh
    Sociology CN Shankar Rao
    Finance & Management Financial Management Prasanna Chandra or IM Pandey
    Indian Financial System Bharti Pathak
    Principles of Management LN Prasad
    Organisational Behaviour SP Robins
    Quantitative Aptitude Quicker Mathematics BSC Publications
    Quantitative Aptitude RS Agarwal
    Class Notes SS Bharti
    Reasoning Ability A modern approach to verbal & Non-verbal reasoning R.S. Agarwal
    Verbal & Non-Verbal Reasoning S.Chand
    Verbal & Non-Verbal Reasoning Arihant Publication
    English Language English Grammar Wren & Martin
    Word power made easy Norman Lewis
    Descriptive General English SP Bakshi
    General Awareness Lucent GK Knowledge Lucent Publication
    English Descriptive Descriptive English S.P. BAKSHI
    151 Essays S.C Gupta
    Letter writing S.C Gupta
    Computer Awareness Objective Computer Awareness S.N. Prasad/Kiran Publication
    Objective Computer Awareness for General Competitive Exams Pillai/Arihant Publication

    PFRDA Grade A Finance and Accounts Exam Calendar 

    The PFRDA Grade A exam notification will be your complete guide featuring vital details such as the application link, exam dates, and admit card release. For a smooth and informed application process candidates should carefully check the notification for important updates and timelines. Additionally, those belonging to reserved categories may be can avail pre-examination training, providing valuable preparation resources. For further details on PFRDA Grade A exam schedule 2024, refer to the table below. 

    PFRDA Officer Grade A (Assistant Manager) Important Exam Dates 2024

    EventsImportant Exam Dates
    Online Registration and Payment of Online
    Fees/Intimation Charges    		 To be notified later
    Phase 1 Online Exam Dates  To be notified later
    PFRDA Grade A Phase 1 Online Exam Result  To be notified later
    Phase 2 Online Examination  To be notified later
    Phase 2 Online Exam Result  (Candidates with roll numbers have qualified in the Phase 2) To be notified later
    Phase 3 Interview Dates  To be notified later
    PFRDA Grade A Final Result To be notified later

    PFRDA Grade A Finance Eligibility 

    PFRDA Grade A Eligibility Criteria is another important aspect to be abie to apply for the exam. Aspiring candidates must hold a Graduate degree in the relevant stream for them to be eligible to apply for the examination. Notably, no minimum percentile criteria are mentioned, emphasizing the importance of possessing the requisite educational qualification. For a more detailed understanding of the PFRDA Grade A qualification criteria, interested individuals are encouraged to refer to the comprehensive information in the table below. Also you need to lie within the prescribed PFRDA Grade A to fulfil the age limit criteria. The PFRDA Grade A notification also states the PFRDA Grade A age relaxation for the reserved categories and PwBD candidates. 

    PFRDA Grade A Finance Vacancy 2024

    The PFRDA for the Finance and Accounts stream announced a total of 02 vacancies in the last recruitment. Notably, both vacancies were exclusively for the unreserved category. Check the table below for detailed PFRDA Grade A vacancies in the Finance stream. 

    StreamNumber of PostsOut of which PwBDTotal Posts
    SCSTOBCEWS UR/ GEN
    Finance & Accounts - - - - 02 - 02

    PFRDA Grade A Salary 2024

    The PFRDA Grade A Salary Structure is quite appealing for those who wish for a long and fruitful career. It is defined as Rs. 44,500-2,500(4)-54,500-2,850(7)-74,450-EB-2,850(4)-85,850-3,300(1)-89,150 (17 years). In addition to the basic pay, officers receive various benefits in the form of allowances such as Leave Fare Concession, Medical Expenses, Personal Accident Insurance, Education Allowance, and others under the Staff Furnishing Scheme. The current Cost to the Company (CTC) for a PFRDA Grade A Officer is approximately Rs 18 lacs annually. It's important to note that officers are on probation for one year from joining, during which they undergo initial training and orientation within the organization. 

    PostSalary
    PFRDA Grade A (Assistant Manager)
    • Pay Scale- Rs. 44500-2500(4)-54500-2850(7)-74450-EB-2850(4)- 85850-3300(1)-89150 (17 years).
    • Monthly Income - Rs. 1,40,000/- per month approximately

    PFRDA Grade A Finance Online Course

    PFRDA Grade A exam preparation is of much importance and hence, ixamBee offers valuable support through the PFRDA Grade A (Finance) Online Course. With our best study materials at your side we tend to cater to the diverse needs of aspirants. Benefit from our years of experience in providing top-notch exam preparation materials that cover the essential topics and strategies will be apt n necessary for success. Start your journey with us today for a well-rounded and effective preparation experience. 

    PFRDA Assistant Manager Grade A Phase I Paper 1 - Free Mock Tests

    PFRDA Grade A (Assistant Manager) 2022 Phase I Paper 1 Mock Test 5

    PFRDA Grade A (Assistant Manager) 2022 Phase I Paper 1 Mock Test 5

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    PFRDA Grade A (Assistant Manager) 2022 Phase I Paper 1 Mock Test 4

    PFRDA Grade A (Assistant Manager) 2022 Phase I Paper 1 Mock Test 4

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    PFRDA Grade A (Assistant Manager) 2022 Phase I Paper 1 Mock Test 3

    PFRDA Grade A (Assistant Manager) 2022 Phase I Paper 1 Mock Test 3

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    PFRDA Grade A (Assistant Manager) 2022 Phase I Paper 1 Mock Test 2

    PFRDA Grade A (Assistant Manager) 2022 Phase I Paper 1 Mock Test 2

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    PFRDA Assistant Manager Grade A Phase I Paper 1 - Previous Year Question Paper

    PFRDA Grade A 2022 Phase 1 Paper 1 Previous Year Paper

    PFRDA Grade A 2022 Phase 1 Paper 1 Previous Year Paper

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    PFRDA Grade A 2021 Phase 1 Paper 1 Previous Year Paper

    PFRDA Grade A 2021 Phase 1 Paper 1 Previous Year Paper

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    PFRDA Assistant Manager Grade A 2020 Previous Year Paper

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    PFRDA Assistant Manager Grade A 2017 Previous Year Paper Phase 1

    PFRDA Assistant Manager Grade A 2017 Previous Year Paper Phase 1

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    Pfrda Assistant Manager Finance And Accounts FAQs

    The PFRDA Grade A selection process unfolds through three distinct phases: Phase 1, Phase 2, and the Interview. The preliminary Phase 1 involves a multiple-choice online examination with two papers, where Paper 1 is common for all streams, while Paper 2 is tailored to the candidate's chosen specialization. Subsequently, Phase 2, or the Mains exam, comprises two papers: a Descriptive English Paper 1, uniform across all streams, and a subject-specific multiple-choice Paper 2. Successful candidates progress through Phase 2 and then enter the final stage, the Interview, which holds a 15% weightage in the overall selection criteria. This meticulous three-stage process ensures a comprehensive evaluation of candidates vying for the esteemed PFRDA Grade A Officer positions.
    For eligibility in the PFRDA Grade A Finance and Accounts exam, candidates must possess a Graduate degree in the Finance and Accounts stream. Notably, there is no specified minimum percentile criteria. To understand the eligibility requirements comprehensively, candidates are strongly advised to refer to the official notification. The official notification provides detailed information regarding the specific educational qualifications, age criteria, and any additional conditions applicants must fulfill to be deemed eligible for the PFRDA Grade A Finance and Accounts examination. Therefore, prospective candidates should carefully review the official notification to ensure they meet all necessary criteria before initiating the application process.
    Certainly, candidates have the flexibility to choose between Hindi or English as the medium for the PFRDA Grade A Finance Exam, depending on their convenience. This bilingual option accommodates candidates' language preferences, enabling them to effectively demonstrate their knowledge and skills in the language they are most comfortable with. This inclusive approach enhances accessibility and ensures that candidates can express themselves proficiently during the examination. Whether opting for Hindi or English, candidates can navigate the PFRDA Grade A Finance Exam in their preferred language, facilitating a more seamless and personalized examination experience.
    Certainly, candidates from reserved categories have the opportunity to avail of pre-examination training provided by PFRDA. To benefit from this training, candidates must submit their applications by emailing recruitment.hr@pfrda.org.in. Along with the application, candidates must include the documents specified by PFRDA. This proactive step ensures that candidates from reserved categories receive additional support and resources to enhance their preparation for the PFRDA Grade A examination. Eligible individuals should adhere to the application process and submit the required documents to avail themselves of this valuable training opportunity.
    During the last exam, there were a total of 02 vacancies allocated for the Finance and Accounts stream, and both were reserved within the unreserved category. However, for the current year, aspiring candidates are advised to await the release of the official notification to obtain a precise understanding of the number of vacancies and their distribution. The official notification will provide comprehensive details, including the specific number of vacancies, any reserved categories, and other essential information related to the PFRDA Grade A Finance and Accounts recruitment. Candidates should closely monitor the official announcements for the most accurate and up-to-date information.
    Upon selection, candidates who secure positions as Grade A Finance Officers in PFRDA will undergo a probationary period lasting one year from their date of joining. This probationary phase is foundational when selected candidates engage in initial training and orientation programs. The training and orientation initiatives aim to acquaint new officers with the organizational structure, processes, and responsibilities associated with their roles. This probationary period facilitates a smooth transition into the organization.
    Indeed, there is no restriction on the number of attempts for the PFRDA Grade A Exam. Candidates are free to apply and appear for the examination multiple times until they successfully qualify. This lack of restrictions allows candidates the flexibility to continue their efforts, enhance their skills, and strive for success in the competitive PFRDA Grade A Exam. It provides candidates with the opportunity to learn from each attempt and work towards improving their performance, ensuring a fair and accommodating approach to the examination process.
    There is no limitation on the number of attempts. Candidates can apply and attempt the exam multiple times until they qualify, allowing flexibility in pursuing this prestigious position. This absence of restrictions empowers candidates to approach the examination with persistence and dedication, ensuring they have ample opportunities to showcase their capabilities and secure a coveted role as a PFRDA Grade A Officer.
    Certainly, PFRDA extends a commendable initiative by offering free-of-cost training to candidates from reserved categories in New Delhi. To avail of this opportunity, eligible individuals must submit their application via email to recruitment.hr@pfrda.org.in. The application should follow the format specified by PFRDA, and a scanned copy of the relevant documents such as Caste, Income, and Asset, or Disability certificates should be included. This proactive measure ensures that candidates receive the necessary support and resources to enhance their preparation for the PFRDA Grade A examination.
    Upon appointment as a Grade A Finance Officer in PFRDA, your pay scale and allowances will remain uniform and consistent with other streams. The standardized compensation structure ensures equity among all appointed officers, regardless of their specific stream. This policy reflects a fair and consistent approach to remuneration, fostering an inclusive and equal working environment within the organization. As a Grade A Finance Officer, you can anticipate receiving the same salary, benefits, and allowances as your counterparts in other streams, promoting parity and cohesion across diverse roles within PFRDA.

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