Deepika Reddy is the recipient of the following awards:
- Telangana Govt. State Award on June 2, 2016
- ‘Kala Ratna’ highest award conferred by the state of Andhra Pradesh the in 2007
- ‘Nritya Choodamani’ by Krishna Gana Sabha in 2014
- 'Nataraja Samman' by Sadguru Sri Thyagabrahma Aradhana Kainkarya Trust
- ‘Natya Kalasarathy’ by Sri Parthasarathy Swami Sabha in 2015
- ‘Devdasi National Award’
- ‘Akkineni Nageswara Rao Swarna Kankanam’
- ‘Vani Kala Sudhakara’ by Thyaga Brahma Gana Sabha, Chennai
- ‘Yagna Raman Award for Excellence 2009’ by Krishna Gana Sabha, Chennai
- ‘Natya Ilavarasi’
- ‘Natya Visharada’
- ‘Pancharatna Mahila Puraskar’
- ‘Kalatarang’
- ‘Rashtriya Vikas Shiromani’
- ‘Natya Mani’