The quest for highly efficient durable and cost-effective electro catalysts for oxygen evolution reaction (OER) remains a pivotal focus in the advancement of renewable energy conversion technologies. Transition metal-based alkaline media electrocatalysts have emerged as promising candidates due to their versatile electronic structures and cost effectiveness. Among these, magneto-electrocatalysts, integrating magnetic properties with electrocatalytic functionalities, represent a novel frontier in OER research. In this study, we introduce a novel approach to enhance OER performance via the utilization of pre-magnetized multi-metallic (Fe-Ni-Co ) doped electrocatalysts, harnessing electron spin polarization. We tailored the electronic structure and magnetic properties of the catalyst, promoting and validating the principle of spin polarization for augmenting OER activity. Through a comprehensive experimental study, we have investigated how the inclusion of magnetic components influences the catalytic activity, stability, and overall efficiency of the electrocatalyst during OER. Experimental methodologies involving material synthesis, characterization techniques (XRD,FE-SEM, VSM study) and electrochemical analysis are employed to assess the structural, magnetic, and electrocatalytic properties of the synthesized pre-magnetised electrocatalyst.We employed the Fe-modified Nickel foam (NF) substrate as a catalyst support. Three distinct electrocatalysts (EC) [NF/Fe-Ni, NF/Fe-Co, and NF/Fe-NiCo] were electrodeposited in two different types: (electrodeposition without magnetic field) and (electrodeposition with applied magnetic field 0.6 T). Observations revealed that for all three electrocatalyst, the electrocatalysts [which were synthesized by applying a magenetic field during eletro deposition and later on OER activity was measured in the absence of magnetic field ] exhibit superior electrocatalytic activity towards OER compared to its counterparts . The highest electrocatalytic activity is provided by NF/Fe-NiCo of 0.5 mA/cm2 ECSA in the absence of a magnetic field and 0.533 mA/ cm2 ECSA in the presence of magnetic field. This is superior to that of the precious metal Ru, which has a specific activity of 0.49 mA/ cm2 ECSA at 1.5V (versus RHE). After analysing the OER performance of the catalyst, we found that the activity of NF/Fe-NiCo improved from 69.15 to 89.55 mA/ cm2 when a magnetic field was applied. Capacitance measurements (15.16% increase) and ECSA measurements (22.1% increase) also corroborated this. The overpotential measurement decreased from 243.03 mV to 239.1 mV at 100 mA/ cm2. As a result, for both sets of catalysts, the magnetic field improved the current density. Comparatively OER performance in absence of magnetic field of the electrocatalyst which was synthesized by electrodeposition with applied magnetic field was better than (for the second catalyst OER activity studied under applied magnetic field. This suggests that rather than applying a magnetic field during long-term electrolysis, one may opt to apply a magnetic field during electrocatalyst production. When we compared the OER performance of these two, we discovered that NF/Fe-NiCo exhibits the greatest activity of all catalysts at 1.5V, with 91.3 mA/ cm2, although the percentage rise is lower than that of the other catalysts. However, compared to the rise in activity, the ECSA data reveals a significant increment of 56%. The data on capacitance and overpotential likewise correspond with the current density trend. With the lowest overpotential of 236.35 mV when measured at 100 mA/cm2, the NF/NiCo catalyst performed the best overall among all the catalysts. Our findings underscore the significance of electron spin polarization in boosting electrocatalytic performance, offering a promising avenue for the design and development of advanced catalysts for sustainable energy applications and in the context of their commercial viability and integration into industrial-scale electrochemical devices.