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In this report, a hybrid terpyridine (tpy) ligand functionalize with magnetic support was synthesized to obtain well-dispersed Ru NPs with a 2.0±0.5 nm mean size. This material was further analyzed using different analytical techniques before utilizing it as a catalyst for the CO2 hydrogenation reaction. A noticeable application of Ru-deposited magnetic nanoparticles as catalysts was observed during the CO2 hydrogenation. We successfully synthesized the formic acid with a high TON value under high-pressure reaction conditions. Easy recovery of the catalyst under the applied magnetic field helped us to reuse the catalyst up to 6 times with good TON and TOV value.