INTRODUCTIONPancytopenia is a relatively common hematological entity which is encountered routinely. Pancytopenia is a disorder in which all three formed elements of blood; red blood cells, white blood cells and platelets decreased than normal. Pancytopenia is not a disease entity but a triad of finding that may results from number of disease processes. Pancytopenia develops from variety of mechanism. It could be associated with decrease in hematopoietic cell production either due to destruction of marrow tissue by toxins or replacement by malignant or abnormal cells or suppression of normal growth and differentiation. Other mechanism including ineffective haematopoiesis with cell death in the marrow, formation of defective cells which are rapidly removed from circulation, sequestration and/or destruction of cells by the action of antibodies or, trapping of normal cells in a hypertrophied and over-reactive reticuloendothelial system.1 Bone marrow cellularity varies depending upon the cause. Marrow is hypocellular in primary production defect while in case of ineffective erythropoiesis, increased peripheral utilization or destruction of cell and bone marrow with malignant infiltration are associated with hypercellular and normocellular marrow. The presenting symptoms are usually attributable to the anemia or the thrombocytopenia. Leucopenia is an uncommon cause of initial presentation of the patient, but can become the most serious threat to life during the subsequent course of the disorder. 2 The frequency of underlying pathology causing pancytopenia varies considerably depending upon various factors including geographic distribution. Marrow aspiration is assessed for cytology and trephine biopsy provides overall cellularity, detection of focal lesion and infiltration. The severity of pancytopenia and ABSTRACT Background: Pancytopenia is a relatively common hematological entity. This study was undertaken to find out the various causes of pancytopenia by bone marrow examination of patients admitted to New civil hospital, Surat, Gujarat, India. Methods: This was a prospective study carried out to identify the causes of pancytopenia based on bone marrow examination. Bone marrow examinations were performed in 144 cases for different indications over a period of one year 2015, out of which 40 cases have fulfilled the criteria of pancytopenia. Results: Total 40 cases of pancytopenia were examined during period of one year. The commonest cause of pancytopenia was megaloblastic anemia (35%) followed by aplastic anemia (32.5%). other cause includes acute leukemia, myelodysplastic syndrome (MDS) and round cell tumor. Conclusions: Bone marrow aspiration coupled with trephine biopsy can diagnosed majority cases of pancytopenia. Megaloblastic anemia and aplastic anemia are the commonest causes of pancytopenia. A comprehensive clinical and hematological study of patients with pancytopenia will help in the identification of underlying cause.