The dissimilar welded joint (DWJ) comprising P92 steel and Inconel 617 (IN617) is frequently utilized in advanced ultra-supercritical (AUSC) boilers. In present work the creep rupture behaviour, rupture mechanism and microstructure evolution of DWJ of P92 steel and IN617 with Ni-based ERNiCrCoMo-1 filler, were examined at 650 °C under the stress range of 120–200 MPa. The results of the creep test indicated that the location of creep rupture varied across different testing conditions, encompassing areas such as P92 base metal and the fine-grained heat-affected zone (FGHAZ). The creep tested specimens within the stress range of 180–200 MPa exhibited failure originating from P92 base metal, predominantly influenced by plastic deformation. The failure manifested in a transgranular mode, driven by the formation, growth, and eventually coalescence of microvoids. The creep tested specimens within the stress range of 120–150 MPa displayed the characteristic ofType IV failure, primarily attributed to matrix softening and the absence of adequate precipitates to pin the PAGBs. Microstructural characterization unveiled the presence of microvoids along the PAGBs, facilitating microvoid nucleation primarily owing to the existence of the coarse brittle carbide phase. The growth of these microvoids over a period of time during tertiary stage of creep which lead to their coalescence and the formation of microcracks, ultimately resulting in premature intergranular failure. The specimen creep exposed at 650 °C under the lower stress of 120 MPa exhibited higher creep rupture life for 432 h. The SEM/EDS study of the crept sample of 120 MPa is also confirmed the presence of intermetallic laves phases in regions near the fracture tip and in the heat-affected zones (HAZs). Although the creep tested specimens at 150 MPa and 120 MPa exhibited failure in the FGHAZ and their elemental SEM/EDS analysis confirmed the presence of an oxide layer and notch formation near the interface of P92 base metal and ErNiCrCoMo-1 filler weld. The FESEM study revealed the growth of the oxide layer in the notch region, and it also showed the presence of multiple cracks and microvoids in the oxide layer. The formation and propagation of the oxide notch mainly led to the interfacial failure. The crept specimens subjected to 180 MPa and 200 MPa did not exhibit any cracks or microvoids in HAZs. However, specimens that failed under applied stresses of 120 MPa and 150 MPa revealed the presence of a high density of microvoids in the FGHAZ, inter-critical heat-affected zone (ICHAZ), and in the region of the coarse-grained heat-affected zone (CGHAZ) adjacent to the interface attached with an oxide layer.