ISFSI has instituted several awards - One Life Time Achievement Award, One oration Award and few Young researcher Awards- which are awarded during the ISFSI annual meet every year.

• Shri Daggupati Veeraswamy Naidu’s Life-Time Achievement Award
  - Rs. 3000/- Cash, Memento and Certificate with felicitation
• Shri Madhamanchi Penchala Naidu’s Oration Award
  - Rs. 2000/- Cash, Memento and Certificate with felicitation
• Smt. Madhamanchi Raghamma’s Young Researcher Award
  - Rs. 1000/- Cash, Memento and Certificate
• Smt. Daggupati Ramanamma’s Young Researcher Award
  - Rs. 1000/- Cash, Memento and Certificate
• Smt. Ghattamaneni Bujjamma’s Young Researcher Award
  - Rs. 1000/- Cash, Memento and Certificate