A circuit board indicator comprises a plurality of lamps with cut and bent terminals, an outer plastic holder and an inner plastic holder. The outer plastic holder contains an accommodating chamber, which has a plurality of rounded holes on a lateral side thereof. The inner plastic holder has a plurality of positioning recesses and each of the positioning recesses has a guiding slot on topside thereof. The terminals of the lamps are guided by the guiding slot and inserted into corresponding positioning recesses. The inner plastic holder further has a plurality of clamping dents to clamp corresponding lamps. The inner plastic holder has barbs on two lateral sides thereof and corresponding to rectangular grooves on the outer plastic holder. The barbs are engaged into corresponding rectangular grooves when the inner plastic holder is assembled to the outer plastic holder.