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In modern India, the role of woman can be called as phenomenon. The transition of woman from the previous to present is worth mentioning. Woman who rest considered being the masters in the art of home making but now considered to be forces that shapes a country and culture. Both working and non working women play a very significant role in house hold activities of their families. Their life is more family centered than that of man. Working women are often tossed between home and job. The present study aims to compare the Self-esteem and psychological well-being among working and non- working women. The respondent in the present study were 70, which were further divided in 35 working and 35 non-working women of the age range of 20-55 years.  For assessment and measuring self esteem, the Rosenberg self-esteem scale (1965) and for psychological well-being, a scale measured and developed by Bhogle and Prakash (1995) were used. For the statistical analysis t- test is applied to check the significance of self esteem and psychological well-being among working and non working women. The result shows, there is a significant difference among working and non working women in self esteem and psychological well-being.