Oil palm is one of the most promising oil-bearing crops for obtaining self-sufficiency in edible oil production as it yields higher oil than any other oil-bearing crop. Considering the uniqueness of oil palm in terms of higher oil yield, government is now promoting oil palm cultivation in the country to ensure self-sufficiency in edible oil production. Harvesting of oil palm bunches is one of the most challenging, laborious and expensive operations in oil palm cultivation. Harvesting by climbing is a regular practice for harvesting oil palm bunches. However, considering problems faced by harvesters in the climbing harvesting method, pole harvesting method is introduced to harvest oil palm bunches. Harvesting data using these two harvesting methods was obtained from harvesters. A cost economics study was conducted for both harvesting methods using data obtained from harvesters along with standard assumptions. Different costs such as fixed cost (depreciation and interest) and operational cost (wages and repair and maintenance cost) were considered, and cost of operation per tonne and per hectare per year were calculated for both harvesting methods. Cost economics study revealed that climbing harvesting method requires Rs. 501 per tonne and Rs.10,011 per ha per year with an average yield of 20 tonne per ha per year whereas pole harvesting requires Rs. 304 per tonne and Rs. 6082 per ha per year. A farmer having 1 ha oil palm plantation can earn an additional income of Rs. 3929/- per year using pole harvesting method over climbing method. Similarly, a harvester can earn an additional income of Rs. 1,00,000/- per year (66.67% higher) using pole harvesting method over climbing method in addition to other added advantages like low drudgery and high safety in pole harvesting over climbing harvesting method. The study concluded that pole harvesting method was found to be most economical as compared to climbing harvesting method for harvesting oil palm bunches.