The present work aims to study the evaluation of the microstructure, tensile properties, hardness, corrosion behaviour of the various grades of rebars. The microstructures of all rebar samples comprise an outer tempered martensite ring with an inner core of ferrite-pearlite in between a narrow bainitic transition zone. Maximum hardness is achieved at the periphery which gradually decreases towards the centre. Chinese grade has a similarity with the Fe 600 rebar in terms of strength and % elongation, whereas Fe 500D and Fe 500 have lower strength but higher ductility. The EDS analyses of corrosion products obtained after immersion test in 5% NaCl solution for a period of 7 days apparently indicate the occurrences of iron oxy-hydroxides and iron oxides. X-ray diffraction and FTIR studies of the corrosion products formed on all thermomechanically treated (TMT) rebar surfaces after the aforesaid immersion test primarily indicate the presence of Lepidocrocite (γ-FeOOH), Goethite (α-FeOOH), Magnetite (Fe 3 O 4 ) and Maghemite (γ-Fe 2 O 3 ). Fe 500 (12 mm) and Chinese rebars have lower corrosion resistance as compared to the other rebars in 5% NaCl solution. Nevertheless, all the TMT rebars are corrosion resistant and can be satisfactorily used for construction purposes.