- Produced and starred in the romantic drama Guide (1965), for which he received the National Film Award for Best Actor and Best Film.
- Received the Filmfare Lifetime Achievement Award in 1991.
- Honoured with the Padma Bhushan, India's third highest civilian award, in 2001.
- Won the Dadasaheb Phalke Award in 2002, Indian cinema's highest award.
- In May 2013 India Post released a stamp depicting him on the occasion of 100 years of Indian cinema.