Geriatric depression is a common phenomenon in most of the elderly people worldwide as they all experience the same range of normal emotions. Current study is an endeavor in this context as studies on geriatric depression in Punjabi population are not available at all. A total of 210 elderly people above 60 years of age willingly participated in this study. Demographic data was collected by personal interview (after taking written consent from subjects under study). Statistical computations revealed that 11.43% elderly people suffered from severe depression. The statistical t-value (2.49) shows that there are significant differences in depression score between the rural areas and urban areas elderly population. Differences in depression between rural areas and old age homes are non-significant (t-value of 0.20) and difference in depression scores between urban and old age homes are again significant with t-value of 2.29.Results concluded that elderly people living in old age homes and rural areas are more depressed as compared to urban areas residents. Financial insecurity, loneliness, widow(er) hood and illiteracy are major contributing factors in geriatric depression in Punjabi population of India.