The present investigation entitled “Variability Assessment at Morphological and Molecular level in Groundnut (Arachis hypogaea L.)” was conducted with 25 genotypes (including National and State released varieties) during Kharif- 2012 at the Instructional Farm, College of Technology and Agricultural Engineering, Maharana Pratap University of Agricultural and Technology, Udaipur. The genotypes were planted in a randomized block design with three replications.Fifteen markers were used for RAPD analysis and 13 markers showed amplification. A dendrogram was constructed from similarity coefficients obtained for DNA banding pattern. The groups/ clusters obtained by dendrogram could also be distinguished by similarity for the morphological characteristics within each group. Such an association may be used for more effective breeding programmes.