The invention belongs to the technical field of cold punching dies of pressure manufacturing process equipment, and particularly relates to a drawing and flanging two-purpose die, which comprises a convex die and a concave die, wherein the convex die and the concave die are arranged in a mutual opening and closing way, at least one of the convex die and the concave die is driven by a driving unit to do reciprocating movement so as to realize the opening and closing action, a concave cavity of the concave die is in a step shape, the large end of the concave die faces downwards, and the edge of the convex die is provided with a detachable embedding block. When the embedding block is arranged on the convex die, the size of the convex die corresponds to the size of the large end of the concave die; when the embedding block is detached, the size of the convex die corresponds to the size of the small end of the concave die. The drawing and flanging two-purpose die has the advantages that the drawing and flanging two-purpose die can be simultaneously used for the drawing process and the flanging process, the effect of one die with two purposes is realized, the trial cost is reduced, the cost investment of a trial die is reduced, and the casting pollution is reduced; meanwhile, the switching is convenient, the die replacement time is shortened, and the production efficiency is improved.