Dissimilar weldments of AISI 316 and Monel 400 are extensively used in boiler feed water heaters where the weld roots are exposed to high pressure and hot corrosive environments. In this research, metallurgical and mechanical properties of dissimilar weldments of AISI 316 and Monel 400 obtained by pulsed current gas tungsten arc welding (PCGTAW) and constant current gas tungsten arc welding (CCGTAW) processes were compared. The heat input rate and filler wire were same in both welding techniques. Metallurgical properties are studied by employing optical microscope (OM) and scanning electron microscope (SEM). Mechanical properties of dissimilar weldments are determined by tension test and Vickers hardness. The metallurgical study has revealed fine grain structures with clear grain boundaries at the heat-affected zone in PCGTAW weldment. The ultimate tensile strength in PCGTAW and CCGTAW weldments was observed as 554 and 542 MPa, respectively. The ratio of yield strength to ultimate tensile strength is higher in PCGTAW weldment than CCGTAW weldment. The weldment developed by using PCGTAW technique has shown a higher microhardness value at HAZ of both the base metals than the weldment developed in CCGTAW technique. © 2020, Springer-Verlag London Ltd., part of Springer Nature.