Growing old is usually feared because of the multi-faceted problems associated with ageing. Out-migration ofyoung people has starkly negative or positive consequences for ageing rural parents. However, internal migration withinlow- and middle-income families, especially young adults moving from rural to urban areas, is a major feature of globalpopulation change. Very little is known about the impact on older adults left behind in rural areas. The study was conductedto examine effect of adult children’s migration on psychological well-being of elderly. A sample of 150 out of which 100elderly living without children and 50 elderly living with children were randomly selected. Elderly people were administeredwith Ryff’s psychological well-being scale consisting of 42 statements with six dimensions. The data was subjected to ‘t’and ‘F’ test to know the comparison between elderly living without and with children, chi-square and correlation was usedto know relationship between psychological well-being and selected demographical factors like gender, income and migration.The results revealed an association between psychological well-being and migration wherein it was found that elderly livingwith children had high psychological well-being compared to elderly living without children. Consideration of genderrevealed that male had higher psychological well-being compared to female elderly. Further, income was found to havesignificant relationship with psychological wellbeing of elderly living without and with children. Type of migration was alsofound to have significant relationship with psychological well-being of elderly and further a significant difference was alsofound between temporary and permanent migration