In the present work, a novel hybrid fluorescent nanocomposite (RBF) based on ball milled hexagonal-Boron Nitride (BMBN) and Fluorescein (FL) decorated reduced Graphene Oxide (RGO) was synthesized for the effective detection and removal of hazardous heavy metal ions present in effluents. Where two different textile effluents namely, reaction outlet and factory outlet collected at the river Noyyel, Tamilnadu were considered. The prepared RBF was subjected to XRD, FTIR, SEM, EDX, TEM, PSA, BET, UV–vis, PL and XPS studies which strongly confirm the decoration of FL and BMBN at the surface of RGO sheets. The selectivity of RBF was examined by considering various toxic heavy metal ions. Where the RBF exhibits remarkable sensing towards Zn2+ (10.7 nM) via enhanced fluorescence and for Fe3+ (15.6 nM), Sn4+ (60.7 nM) and Hg2+ (465.4 nM) ions by “Turn-off” fluorescence only at neutral pH. In addition, the RBF was highly efficient to remove Hg (81.3 %) than Zn (63.7 %), Fe (38.2 %) and Sn (62.9 %) in real-time samples. Moreover, the prepared RBF could also serve as water sensor for the water contaminated organic solvents of Acetonitrile (ACN) and Tetrahydrofuran (THF). Hence the prepared RBF might be a potential choice for the effective detection and removal of heavy metal ions during wastewater treatment.