In the present study the metallurgical evaluation and corrosion behavior of the SS316 material is reported. The increasing application of the SS316 in various fields of applications created the need of knowledge about the sample. The samples of SS316 are metallographically prepared for microstructural features in as received condition. The material is tested for hardness and fracture toughness during micro Vickers hardness test. As it is required to evaluate the lifetime and efficiency of performance in various marine applications, the corrosion behavior of the material is evaluated in 3.5% NaCl aqueous solution for prolonged immersion. Corrosion behavior is evaluated through potentiodynamic polarization studies. Corrosion rate decreased with the immersion time. The protective inhibition layer formed by the corrosion products is the phenomenon behind this trend of corrosion behavior.