The invention relates to a low carbon cold-rolled steel sheet for a LED lead frame and a production method thereof, and mainly solves the technical problems that the low carbon cold-rolled steel sheet for the LED lead frame in prior art has nonuniform hardness, high surface roughness and bad aging-resistance. The production method comprises the following steps: smelting according to components, molten iron desulphurization, complex top-bottom blowing converter smelting, argon blowing from bottom of a ladle, protective casting with argon blowing in whole course, heating in a slab heating furnace, rough rolling, finish rolling, reeling for obtaining a hot-rolled steel coil, uncoiling, pickling, cold rolling, annealing in a vertical type continuous annealing furnace, flattening, and reeling for obtaining a finished product with a thickness of 0.4-0.5mm; the finishing temperature of the finish rolling is 860-900 DEG C, the reeling temperature of the hot rolling is 620-660 DEG C, the cold rolling reduction is 75-85%, the temperature scope of a soaking zone of the vertical type continuous annealing furnace for a band steel in hard rolled state after cold rolling is 710-730 DEG C, the soaking time for the band steel in the vertical type continuous annealing furnace is 105-120 s, and temper elongation is 1.0-1.4%. The low carbon cold-rolled steel sheet is mainly used for the LED lead frame.