For the first time, a bimetallic Nickel Cobalt Boride (NCB) film with varying Ni to Co ratios was synthesized on stainless steel via the SILAR method. The NCB2 film (1:1 ratio) exhibited a mixed phase of metal boride and oxy-hydroxide with a highly porous, flaky-type morphology, while NCB1 (1:3 ratio) and NCB3 (3:1 ratio) showed only oxidized metal phases and agglomerated clusters. EDX confirmed the purity of the samples, and XPS indicated higher oxidation in NCB1 and NCB3 compared to NCB2. For HER, NCB2 showed the lowest overpotential (80 mV) compared to NCB1 (96 mV) and NCB3 (101 mV), and the smallest Tafel slope value (71 mV/dec). HER kinetics followed a Volmer-Heyrovsky mixed reaction path. NCB2 exhibited the highest Cdl value (16.55 mF/cm2) and the largest electrochemical active surface area (413.7 cm2), outperforming NCB1 (333.125 cm2) and NCB3 (205 cm2). At an overpotential of 100 mV, NCB2's TOF value was 8.23 s⁻1, higher than NCB1 (1.4 s⁻1) and NCB3 (1 s⁻1). For OER, NCB2 showed the highest Cdl value (106 mF/cm2) and ECSA value (2650 cm2). The Faradic efficiency of NCB2 was ∼98% after 190 h. Hydrogen evolution rates for NCB1, NCB2, and NCB3 as cathodes were 952 mL/h, 1022 mL/h, and 800.8 mL/h, respectively. In a prototype electrolyzer, NCB2 enhanced the hydrogen evolution rate by 30% in bifunctional mode to 1334.6 mL/h. After 100 h, performance declined by only 2.7% due to surface oxidation and phase changes. This achievement marks a milestone towards low-cost green hydrogen production, achieving the highest rate of hydrogen evolution as ever reported.