Natural medicine plays a significant role in pharmaceutical industry. Phaseolus vulgaris L is a naturally available plant which is very frequently used in our daily life. Phaseolus vulgaris L is commonly known as bean; is an annual leguminous plant, belonging to family Fabaceae. Phaseolus vulgaris L is highly nutritious, easily and cheaply available. It is indigenous to central and South America. Phaseolus vulgaris L has wide number of uses due to its high content of phytochemical constituents. Flavonoids are responsible for its wide range of uses like antioxidant and neuroprotection. Phaseolus vulgaris L is most commonly taken by mouth for weight loss and obesity. It is also commonly taken for treatment of diabetes. The seed is diuretic, hypotensive and also used in the treatment of cancer of the blood. The present review reveals nutritional values, geographical conditions, propagation, collection and cultivation, phytochemical constituents and pharmacological activities of Phaseolus vulgaris L.