Create Vignette Photo Effect in Photoshop

Step : 1
Open any image in Photoshop, we have used black and white, you can use colour image also.

Step:2
Create a New layer [ Ctrl+Shift+N ] . Now select the Elliptical marquee tool { M } and feather option from 50-80px ( remember the feather option is according to your image ).
note: you can try rectangular marquee tool in some images.

Press { Ctrl+ Shift+ I } or select -> inverse and fill it with black color #000000 . You are done !! now is that easy.