Using classical molecular dynamics simulations, we study austenite to ferrite phase transformation in iron, focusing on the role of interface morphology. We compare two different morphologies; a textit{flat} interface in which the two phases are joined according to Nishiyama-Wasserman orientation relationship vs. a textit{ledged} one, having steps similar to the vicinal surface. We identify the atomic displacements along a misfit dislocation network at the interface leading to the phase transformation. In case of textit{ledged} interface, stacking faults are nucleated at the steps, which hinder the interface motion, leading to a lower mobility of the inter-phase boundary, than that of flat interface. Interestingly, we also find the temperature dependence of the interface mobility to show opposite trends in case of textit{flat} vs. textit{ledged} boundary. We believe that our study is going to present a unified and comprehensive view of martensitic transformation in iron with different interface morphology, which is lacking at present, as textit{flat} and textit{ledged} interfaces are treated separately in the existing literature.