1.OPEN AN DOCUMENT

First, open an document and draw a circle of color #d7d7d7 with ellipse tool.

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2.PROCESS

Now, give following blending options.
BEVEL & EMBOSS
style :Inner bevel
depth :93
size :8
soften:10
change the highlight mode & shadow mode color as you see in the image.

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2c

 

You’ll have this result.

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Copy the circle, So you now have two circles.

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Give the following blending option to second circle.
Just change the style to pillow emboss. Change shadow mode color.

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To see the effect fill the background with any color.

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3.FINAL STEP

Now, Just enter some text in your button & It is ready.

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