The invention provides a low self-discharge ferrous electrode material. The ferrous electrode material is characterized by consisting of an active substance and an additive, wherein the composition ofthe active substance is ferrum or ferrous compounds including one or more of Fe3O4, Fe(OH)2, Fe(OH)3, Fe2O3, reduced ferrous powder and carbonyl ferrous powder; and the additive comprises: 1) 0.02 to0.15 percent of indium or indium compounds including one or more of In, In2O3, In2(SO4)3, In(OH)3, InCl3 and the like; 2) 2 to 8 percent of stannum or stannum compounds including one or more of Sn, SnO, SnO2, SnCl2, SnCl4 and stannate; 3) 1 to 7 percent of bismuth or bismuth compounds including one or more Bi, Bi2O3, Bi(NO3)3 and the like; and 4) 5 to 10 percent of graphite powder. The ferrous electrode material has the advantages that: 1) no toxic heavy metals (such as Hg, Cd, Pb and the like) are added, so the electrode material is an environment-friendly electrode material 2) the cost foran electrode is quite low; and 3) the self-discharge rate of the electrode is less than 20 percent at a temperature of 20 DEG C after 28 days. The material is used for manufacturing environment-friendly ferrum-nickel storage batteries.