The electrical, magnetic and electrochemical behaviour of Fe70.5Nb..5CuiSi,638 has been studied in the as-received and heat treated conditions. The as-received material was amorphous which crystallized in two different stages at 780K and 940K when heated continuously. At the primary crystallization stage, nanometre sized grain of ordered FesoSi20 phase was formed. The superior soft magnetic properties were achieved after primary crystall-ization which were attributed to the averaging out of magnetocrystalline anisotropy due to the nanocrystalline structure and the reduction of magnetoelastic anisotropy energy due to the negative magnetosirictive nature of
Fe8oSi20 phase and positive magnetosirictive value of the rest amorphous phase. After primary crystallization spon-taneous passivating nature of the alloy is also observed in electrochemical study