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In 02.2, as you know 0 is for filling 0s when the number is less than the minimum size. 2.2 means that the minimum length of the number must be 2 (2.2) and there must be 2 digits after the decimal point (2.2). So here there is no restriction that there must be 2 digits before the decimal point. Try 04.2 to see the result...

Dear Ankit
I am sorry i didnt understand.You are saying that 02 is for filling up the space with zeroes when the number is less
than 2 digits. It is 7 in this case which means it is smaller than 2 digits so it must be padded with 0s.
Also, 04.2 also prints 7.00.
Please clarify

Yes sorry I forgot about the decimal point. 05.2 will give you 07.00 output.

The thing is, when you say 03.2 (I'm using a different value to make it easier to understand), you are indicating that the number must span at least 3 digits. This includes the number before the decimal point, the decimal point itself and the numbers after the decimal point. Since we have 2 digits after the decimal point, so the length already is more than the minimum length of the number.

Lets say I write printf("%08.2f",new Double(7)), here I want to print the number 7 with 2 digits after the decimal point and I want it to span at least 8 digits. So the output will be 00007.00 which as you can see spans 8 digits...