The author has involved in this area of research for nearly three years.Locus of Control is a rare area of research in the management discipline, but this area is widely covered in the psychology. So it had motivated the author to select this topic. It studies the level of Locus of Control of private sector bank employee and public sector bank employee and how Locus of Control varies among the managers and executives.It also analyse the effect of Locus of Control on the personal variables such as age,sex, marital status,education and family size and job related variables such as designation, monthly income , experience and nature of work.The author had classified the Locus of Control into three category Viz., Internality Locus of Control, Externality Chance Locus of Control and Externality Powerful others Locus of Control.The author finally given various suggestion to improce the Locus of Control among the employees.