diff --git a/CHANGELOG.md b/CHANGELOG.md
index eab3ce24a62..cb8b45b8e3a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -64,6 +64,7 @@ The format is based on Keep a Changelog, and this project adheres to Semantic Ve
 - Updated light client consensus types. [PR](https://github.com/prysmaticlabs/prysm/pull/14652)
 - Update earliest exit epoch for upgrade to electra
 - Add missed exit checks to consolidation processing
+- Fixed pending deposits processing on Electra.
 
 ### Deprecated
 
diff --git a/beacon-chain/core/electra/deposits.go b/beacon-chain/core/electra/deposits.go
index b20ba0a308f..c77adb6040e 100644
--- a/beacon-chain/core/electra/deposits.go
+++ b/beacon-chain/core/electra/deposits.go
@@ -386,8 +386,14 @@ func batchProcessNewPendingDeposits(ctx context.Context, state state.BeaconState
 		return errors.Wrap(err, "batch signature verification failed")
 	}
 
+	pubKeyMap := make(map[[48]byte]struct{}, len(pendingDeposits))
+
 	// Process each deposit individually
 	for _, pendingDeposit := range pendingDeposits {
+		_, found := pubKeyMap[bytesutil.ToBytes48(pendingDeposit.PublicKey)]
+		if !found {
+			pubKeyMap[bytesutil.ToBytes48(pendingDeposit.PublicKey)] = struct{}{}
+		}
 		validSignature := allSignaturesVerified
 
 		// If batch verification failed, check the individual deposit signature
@@ -405,9 +411,16 @@ func batchProcessNewPendingDeposits(ctx context.Context, state state.BeaconState
 
 		// Add validator to the registry if the signature is valid
 		if validSignature {
-			err = AddValidatorToRegistry(state, pendingDeposit.PublicKey, pendingDeposit.WithdrawalCredentials, pendingDeposit.Amount)
-			if err != nil {
-				return errors.Wrap(err, "failed to add validator to registry")
+			if found {
+				index, _ := state.ValidatorIndexByPubkey(bytesutil.ToBytes48(pendingDeposit.PublicKey))
+				if err := helpers.IncreaseBalance(state, index, pendingDeposit.Amount); err != nil {
+					return errors.Wrap(err, "could not increase balance")
+				}
+			} else {
+				err = AddValidatorToRegistry(state, pendingDeposit.PublicKey, pendingDeposit.WithdrawalCredentials, pendingDeposit.Amount)
+				if err != nil {
+					return errors.Wrap(err, "failed to add validator to registry")
+				}
 			}
 		}
 	}
diff --git a/beacon-chain/core/electra/deposits_test.go b/beacon-chain/core/electra/deposits_test.go
index 0cef53f329e..34f13631088 100644
--- a/beacon-chain/core/electra/deposits_test.go
+++ b/beacon-chain/core/electra/deposits_test.go
@@ -22,6 +22,40 @@ import (
 	"github.com/prysmaticlabs/prysm/v5/testing/util"
 )
 
+func TestProcessPendingDepositsMultiplesSameDeposits(t *testing.T) {
+	st := stateWithActiveBalanceETH(t, 1000)
+	deps := make([]*eth.PendingDeposit, 2) // Make same deposit twice
+	validators := st.Validators()
+	sk, err := bls.RandKey()
+	require.NoError(t, err)
+	for i := 0; i < len(deps); i += 1 {
+		wc := make([]byte, 32)
+		wc[0] = params.BeaconConfig().ETH1AddressWithdrawalPrefixByte
+		wc[31] = byte(i)
+		validators[i].PublicKey = sk.PublicKey().Marshal()
+		validators[i].WithdrawalCredentials = wc
+		deps[i] = stateTesting.GeneratePendingDeposit(t, sk, 32, bytesutil.ToBytes32(wc), 0)
+	}
+	require.NoError(t, st.SetPendingDeposits(deps))
+
+	err = electra.ProcessPendingDeposits(context.TODO(), st, 10000)
+	require.NoError(t, err)
+
+	val := st.Validators()
+	seenPubkeys := make(map[string]struct{})
+	for i := 0; i < len(val); i += 1 {
+		if len(val[i].PublicKey) == 0 {
+			continue
+		}
+		_, ok := seenPubkeys[string(val[i].PublicKey)]
+		if ok {
+			t.Fatalf("duplicated pubkeys")
+		} else {
+			seenPubkeys[string(val[i].PublicKey)] = struct{}{}
+		}
+	}
+}
+
 func TestProcessPendingDeposits(t *testing.T) {
 	tests := []struct {
 		name    string
@@ -285,7 +319,7 @@ func TestBatchProcessNewPendingDeposits(t *testing.T) {
 		wc[0] = params.BeaconConfig().ETH1AddressWithdrawalPrefixByte
 		wc[31] = byte(0)
 		validDep := stateTesting.GeneratePendingDeposit(t, sk, params.BeaconConfig().MinActivationBalance, bytesutil.ToBytes32(wc), 0)
-		invalidDep := &eth.PendingDeposit{}
+		invalidDep := &eth.PendingDeposit{PublicKey: make([]byte, 48)}
 		// have a combination of valid and invalid deposits
 		deps := []*eth.PendingDeposit{validDep, invalidDep}
 		require.NoError(t, electra.BatchProcessNewPendingDeposits(context.Background(), st, deps))