Vitamin B12 deficiency is a potentially serious condition that can affect multiple body systems. It presents as macrocytic anemia but can also cause neurological abnormalities and gastrointestinal issues. Vitamin B12 is essential for DNA synthesis and hematopoiesis. It is absorbed in the ileum with the help of intrinsic factor. Causes of deficiency include pernicious anemia, gastrointestinal disorders, vegetarian diets, and certain medications. Deficiency is diagnosed based on low B12 levels and hematological and neurological examination findings.