In this present work, a novel approach which had been developed for the green synthesis of starch-decorated Fe3O4 @Ag nanocomposite by using one-step grinding method. The magnetic core shell nanocomposite was designed by magnetite (Fe3O4) surrounded by the starch (maize corn), a biopolymer which act as a matrix for argentum (Ag) nanoparticles. This leads to the core shell structure starch – Fe3O4 @Ag nanocomposite (NC). The morphological and physical properties of the prepared nanocomposite was characterized by FE-SEM, HR-TEM, XPS, VSM, XRD, FT-IR and UV-Vis spectroscopic studies. The average particle size of the nanocomposite was found to be 9–11 nm. In addition, the nanocomposite gains a retentivity magnetisation of 25.50 emu/g makes the NC saveable for reusability. The nanocomposite had a greater stability for more than a month was confirmed with the help of UV-DRS and XRD analysis. The main advantage of the catalyst is temperature independent; During the conversion of benzaldehyde to benzoic acid, the product yield was achieved higher at ambient condition. Furthermore, the NC exposes the outstanding catalytic performance for reductive degradation of various carcinogenic water pollutants such as Methylene Blue (MB) and Methyl Red (MR) within 14 min and 18 min respectively. Moreover, it is also capable for reduction of 4-nitrophenol in an efficient manner. Thus, the NC holds a greater activity towards oxidation and reductive degradation reaction.