Nowadays, several research groups are extensively trying to develop by synthesizing and characterizing single/co-doped single-phase bismuth ferrite (BFO) in order to get a highly efficient eco-friendly multifunctional devices. In this process, this report is an attempt to provide the detailed studies of structural, dielectric, impedance and ferroelectric properties of Bi(Fe 0.85 Dy 0.15 )O 3 ceramic fabricated via the solid-state reaction method. Analysis of X-ray diffraction (XRD) data confirms a single phase of orthorhombic symmetry. The average crystallite (particle) size is found to be in the order of * 41 nm. The field emission scanning electron microscopy (FE-SEM) spectrum shows a homogeneous grain distribution of the sample. The elemental composition examined by means of energy dispersive X-ray spectroscopy (EDXS) shows the existence of constituent elements of the sample. The electrical measurements and analysis, carried out using a computer-controlled phase sensitive multimeter (PSM) in a frequency range of 1 kHz-1 MHz at different sets of temperature (25-325 °C), provide many interesting features to explain further conduction mechanism. The dielectric analysis exhibits high value of dielectric constant (e r ) and small value of dielectric loss (tand). Due to the effect of electronic and space charge polarization, the e r value falls with an increasing frequency. The frequency-temperature dependence of impedance and electrical modulus analysis reveals the presence of semiconductor nature and non-Debye type of relaxation process in the sample. The analysis of ac-conductivity (r ac ) with respect to frequency and temperature obeys the universal Jonscher's power law. The electric polarization study shows an enhancement in ferroelectric property of the material. Hence, based on the significant enhancement in electrical and ferroelectric properties of the Bi(Fe 0.85 Dy 0.15 )O 3 material, the material may be considered for some applications.