The body of third youth, Anzar Farooq Wani, was fished out from the Jhelum river in north Kashmir's Baramulla district on Sunday.
The body of Anzar of Dewanbagh Baramulla was handed over to the family for the last rites, police said.
The body was recovered by joint teams of State Disaster Response Force, Marcos and police on Sunday near ECO Park, Baramulla, police said.
Anzar along with two other boys had got drowned on May 1 when a boat carrying five persons capsized in the river after it lost the balance.
However, two boys were rescued in the incident.