Psychological capital is a core construct developed by Fred Luthans based on the higher order construct of Positive Organisational Behaviour (POB). With the advent of positive psychology, the research regarding psychological capital also attains speed and various researchers directed their focus in this direction. The aim of the present paper is to highlight the recent application of this positive psychological construct (PsyCap) to various domains of life. A total of 11 studies from 2010 to 2017 were incorporated in this study and it was revealed that Psychological capital has been studied across the various life domains. PsyCap is mostly associated with Job Satisfaction, Performance, Health, Sports, well being, substance use, and depression and it was found that Psychological capital is positively associated with health, performance, satisfaction and negatively associated with anxiety, depression, etc. There were some innovative researches done on PsyCap like on Bullying behavior and teenage violence tendencies.