Objectives : The study is aimed at assessing the effects of correction of iron deficiency anaemia on health related quality of life on patients treated with parenteral iron, and compares the effects of treatment with intravenous iron and placebo in a randomized controlled trial. Methods : Questionnaire based survey using (SF-8 short form) on health related quality of life in the elderly patients with iron deficiency anaemia (total 51, 2:1 randomised, blinded, control study) was carried out. Patients with severe cognitive or physical impairment were excluded. Observations were tested for significance level. Results : There was significant improvement in the domains of general health, bodily pain, vitality, social functioning, emotional role and overall improvement in physical and mental health as reflected by PCS and MCS scores. The domains of SF-8 with physical functioning, physical role, and mental health improvement were less impressive at 4 weeks as compared to the other five parameters of SF-8. There was no statistically significant difference in SF-8 items (HRQoL) before and after treatment with placebo. Conclusion: Elderly patients with iron deficiency anaemia have reduced HRQoL and parenteral iron treatment resulted in rapid improvements in HRQoL assessed at 4 weeks, significantly greater than placebo, across most of the domains.