Delhi has been identified as one of the highly polluted cities in the world and recently associated with the highest population weighted PM2.5 concentration. However, the unavailability of the health risk estimations using long-term data for Indian cities has been pointed out as a hurdle in performing the correct assessment. The present work estimated deposition of particles in different regions of respiratory systems (head airway = 67% deposition for 2.5µm particles; tracheo-bronchiolar (TB) = 73% deposition for 1.0µm particles; alveolar (AL) = 17% deposition for 0.5µm, 0.25µm, and < 0.25µm particles) using PM samples collected at a breathing height of 1.5m near the major ring road in New Delhi (India). The calculated risk index (RI) varied considerably between winter (1.21 ± 0.26 to 1.33 ± 0.50) and pre-monsoon-southwest monsoon months (0.34 ± 0.08 to 0.96 ± 0.27). Respiratory deposition dose of nanosized particles (≤ 500nm) in the alveoli region of the lung was found to be considerable (35%) indicating the need for understanding the role of these particles in posing health risk. Although the calculated values of risk metric for exposures of PM-associated metals indicated no risk to IIT Delhi population (hazard quotient < 1 and excess risk of getting cancer < 10-6-10-9), continuous monitoring for particles of different sizes at inhalation height are required for protecting human health.