According to the new sanctions, North Korea's ability to import oil has been curbed, while export of its textile has been banned.
However, the sanctions were only passed unanimously only after oil import was curbed and not entirely banned, as demanded by the US.
America has argued that it wanted a total ban to starve and stop North Korea of carrying out any more nuclear tests.
Meanwhile, Kim Jong-un led nation has promised to make the US pay.
According to a statement carried out by the state-run KCNA news agency, it said that the US is a "bloodthirsty beast obsessed with the wild dream" of destroying the North's progress.
The statement further added that if harsher sanctions are levied on it, America will pay the due price.
Following the vote, US ambassador to the UN Nikki Haley, told the Security Council, "We don't take pleasure in further strengthening sanctions today. We are not looking for war."
"The North Korean regime has not yet passed the point of no return... If it agrees to stop its nuclear program, it can reclaim its future," the US Ambassador added.
Praising the new measures, a South Korean presidential office spokesperson said, "North Korea needs to realise that a reckless challenge against international peace will only bring about even stronger sanctions against them."
Last month, the UN slapped North Korea with several sanctions.
According to the sanctions, importing coal, seafood, iron and iron ore, lead and lead ore from North Korea is banned.
Under the new rule, no country can hire or receive North Korean workers.
Countries have also been barred from entering into ventures from North Korea.
The member states will have to report with 90 days on how they have gone about the job.