SEBI Grade A Cut Off: Phase 1, 2 Final Cut Off

SEBI Grade A Cut-off Marks

Knowing the SEBI Grade A cut-off marks for each stage of the exam is really helpful for your preparation. It gives you a clear idea of how tough the competition has been, what kind of scores you should aim for in each paper, and how the difficulty level changes over time.

In the sections below, we’ll share the Phase 1 and Phase 2 cut-off marks and also analyze the overall trend — so you can understand how the cut-offs have moved and plan your preparation more strategically.

Last 4 years cut-off

Year	UR	OBC	EWS	SC	ST
2018	119.25	110.00	–	90.00	103.50
2020	69.24	62.26	59.58	59.58	54.88
2022	64.82	57.58	59.00	57.32	55.87
2024	69.30	65.75	64.72	62.87	62.42

Cut-Off Analysis

1. Overall Trend:
   • The cut-offs dropped sharply after 2018, mainly because SEBI revised the exam pattern from 2018 onwards — making the paper more conceptual and balanced.
   • From 2020 to 2024, the cut-offs have remained relatively stable, showing moderate fluctuations (within 5–7 marks).
2. General Category (UR):
   • Fell from 119.25 (2018) to around 69 (2020 onwards), then stabilized.
   • Indicates the increased difficulty and rationalized marking scheme.
3. OBC & EWS Categories:
   • Both have followed a similar trend, with cut-offs in the mid-60s range in recent years.
   • The gap between UR and OBC/EWS is narrowing — reflecting intense competition across all categories.
4. SC/ST Categories:
   • Steady improvement from 2018 to 2024, with ST especially showing a rise from 54.88 (2020) to 62.42 (2024).
   • Suggests better overall performance and awareness among reserved category candidates.
5. Key Insight:
   • The exam difficulty and cut-off movement suggest a balanced trend — not too easy, not too tough.
   • Aiming for 10–15 marks above the previous year’s UR cut-off would be a safe target for Phase 1.

SEBI Grade A Cut Off 2018

Stream	UR	OBC	SC	ST	PwBD (AU)
General	119.25	110.00	90.00	103.50	102.25

Phase-1 Analysis

• The General category cut-off (119.25) was quite high, showing that the exam was competitive and many candidates performed well.
• OBC candidates were close behind at 110, indicating a narrow gap between General and OBC categories.
• The SC cut-off (90) was considerably lower, while ST (103.5) and PwBD (102.25) were relatively higher — showing balanced performance across these categories.
• Overall, the Phase 1 paper in 2018 was moderately easy compared to later years, which explains the higher cut-offs.

Stream	UR/EWS	OBC	SC	ST
General	119.25	110.00	90.00	103.50

Phase-2 Analysis

• The Phase 2 cut-off pattern closely mirrors Phase 1, showing consistent performance across both stages.
• The UR/EWS cut-off remained 119.25, meaning the top-performing candidates maintained their lead.
• The cut-off gap between UR and OBC was around 9 marks — indicating a slightly easier competition for OBC candidates but still highly competitive overall.
• ST candidates (103.5) performed better than SC candidates (90), showing category-based variance in performance trends.
• Overall, Phase 2 was balanced — not drastically more difficult than Phase 1.

SEBI Grade A Cut Off 2020

SEBI Grade A Phase 1 Cut Off 2020

All Streams & Categories	Paper 1 (Out of 100)	Paper 2 (Out of 100)	Aggregate Cut Off (Out of 200)
Minimum Qualifying Marks	30	40	80

• EBI introduced sectional cut-offs for both Paper 1 and Paper 2, ensuring balanced performance across subjects.
• Candidates needed at least 30 marks in Paper 1 (General Awareness, English, Quant, Reasoning) and 40 marks in Paper 2 (stream-specific paper).
• The aggregate qualifying cut-off was 80 marks out of 200, which means candidates had to perform reasonably well across both papers to move forward.
• This pattern was designed to test concept clarity and overall aptitude rather than just high marks in one section.

SEBI Grade A Phase 2 Cut Off 2020

Stream	UR	EWS	OBC	SC	ST	PwBD (AU)	PwBD (VI)	PwBD (HI)
General	66.00	57.17	60.00	57.66	51.67	49.00	57.17	47.83

• The General category cut-off (66) indicates a moderately tough paper, as scores were balanced and not too high.
• OBC (60) and EWS (57.17) categories were close behind, showing intense competition across all segments.
• SC (57.66) and ST (51.67) cut-offs were slightly lower, but not by a large margin — suggesting good overall performance diversity.
• Among PwBD candidates, cut-offs ranged between 47.83 and 57.17, showing consistent performance across various disability categories.
• Overall, Phase 2 in 2020 was concept-driven and analytical, focusing more on subject knowledge and practical application rather than rote learning.

SEBI Grade A Final Cut Off 2020

Stream	UR	EWS	OBC	SC	ST	PwBD (AU)	PwBD (VI)	PwBD (HI)
General	69.24	59.58	62.26	59.58	54.88	52.65	61.13	52.05

SEBI Grade A Cut Off 2022

SEBI Grade A Phase-1 Cut Off 2022 (Minimum Marks)

Stream	UR	EWS	OBC	SC	ST	PwBD (VI)	PwBD (HI)	PwBD (LD)
General	64.82	57.58	59.00	57.32	55.87	58.75	58.85	60.58

Phase-1 Analysis

• The General category cut-off (64.82) was moderate compared to previous years, suggesting a balanced difficulty level of the paper.
• EWS (57.58) and OBC (59.00) cut-offs were close, showing tight competition among these categories.
• SC (57.32) and ST (55.87) were slightly lower but still competitive.
• Among PwBD categories, LD (60.58) scored the highest, indicating strong performance in that category.
• Overall, the Phase 1 exam was concept-based and moderately challenging.

SEBI Grade A Phase-2 Cut Off 2022

Stream	UR	EWS	OBC	SC	ST	PwBD (VI)	PwBD (ID & MD)	PwBD (HI)	PwBD (LD)
General	62.34	59.33	58.00	55.67	53.00	55.00	56.00	52.33	57.00

Phase-2 Analysis

• The General cut-off (62.34) was slightly lower than Phase 1, reflecting a more analytical and in-depth paper.
• The gap between UR and other categories remained narrow (3–7 marks), showing consistent performance across all groups.
• ST (53) and SC (55.67) were relatively lower but not drastically different, indicating an even difficulty level.
• PwBD candidates scored steadily between 52–57 marks, showing that accessibility improvements helped maintain fair performance across categories.
• Overall, Phase 2 tested core knowledge and application skills more deeply than Phase 1.

Stream	UR	EWS	OBC	SC	ST	PwBD (VI)	PwBD (ID & MD)	PwBD (HI)	PwBD (LD)
Final (General Stream)	64.82	59.00	57.58	57.32	55.87	60.58	58.75	58.85	54.60

Final Cut-Off Analysis

• The final selection cut-offs show that UR (64.82) and PwBD (VI – 60.58) were among the highest scorers.
• The cut-off difference between UR and OBC/EWS categories was small (5–7 marks), reflecting stiff competition.
• ST (55.87) and SC (57.32) remained close, showing consistent performance levels.
• Overall, 2022 cut-offs indicate moderate exam difficulty, with steady competition across categories and no extreme fluctuations.

SEBI Grade A Cut Off 2024

Phase 1: Cut off table is not released by SEBI for Phase 1 (As the aggregate cut off is 40%)

SEBI Grade A Phase-2 Cut Off 2024

Stream	UR	EWS	OBC	SC	ST	PwBD (LV)	PwBD (OH)	PwBD (D & HH)
General	66.50	62.50	63.83	62.50	64.50	54.00	57.00	–

Phase-2 Analysis

• The General category cut-off (66.5) indicates a slightly higher competition compared to 2022, reflecting a moderately tough paper.
• OBC (63.83) and EWS (62.5) scores are close to the UR cut-off, suggesting tight competition among top performers.
• ST (64.5) and SC (62.5) performed well, showing even category distribution.
• PwBD candidates had relatively lower cut-offs, with LV (54) being the lowest, highlighting a slight performance gap due to accessibility challenges.
• Overall, Phase 2 2024 was balanced in difficulty, favoring consistent performers across categories.

Stream	UR	OBC	EWS	SC	ST	PwBD (LV)	PwBD (OH)	PwBD (D & HH)
General	69.30	65.75	64.72	62.87	62.42	55.05	59.55	–

Final Cut-Off Analysis

• The final cut-off for UR (69.3) shows that candidates had to score higher than Phase 2 minimum to secure selection.
• OBC (65.75) and EWS (64.72) remained competitive, maintaining a small gap with UR.
• SC (62.87) and ST (62.42) indicate strong performance among reserved categories.
• PwBD candidates’ cut-offs improved slightly compared to Phase 2, showing better performance and adjustment for final selection.
• Overall, the 2024 final cut-offs indicate slightly higher competition than previous years, highlighting the importance of scoring consistently above the Phase 2 marks to secure selection.

Conclusion

The SEBI Grade A Cut Offs for Phase 1 and Phase 2 highlight the competitive nature of this prestigious exam. Each year, the cut-offs vary based on the difficulty level of the papers, the number of vacancies, and the overall performance of candidates. Understanding these trends helps aspirants set realistic preparation goals and align their strategies accordingly. At C4S Courses, our expert-guided programs are designed to help students not only meet but exceed these benchmarks through structured learning, in-depth concept clarity, and regular mock tests. With the right guidance and dedication, cracking SEBI Grade A becomes an achievable milestone.