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This study was conducted to investigate the relationship between psychological mindedness and procrastination among university students and to determine gender differences in psychological mindedness and procrastination. The sample consisted of 200 university students (100 male and 100 female) aged 18 to 25 years from different faculties of Banaras Hindu University, Varanasi. Psychological mindedness scale (PMS) by Conte et al., (1986) and Tuckman procrastination scale by Tuckman (1991) along with personal data sheet were used to assess the level of  psychological mindedness and procrastination among university students. Psychological mindedness is the ability to psychological understanding of the self and other’s behaviour, thought and feelings. It is openness to new ideas whereas procrastination is known as the irrational tendency of delaying the tasks until an individual experiences discomfort (Solomon & Rothblum 1984). Results showed that there were no significant gender differences in psychological mindedness and procrastination. Correlational analysis indicated that the psychological mindedness was significantly negatively correlated with the level of procrastination; i.e., the higher the level of psychological mindedness the lower the level of procrastination. Thus, it can be concluded that psychological mindedness play an important role in procrastination among university students. The theoretical and practical implications of these findings are discussed.