A.M. Mathai Research Excellence Award is given to a mathematician for his Contributions to the Theory of Special Functions and its impact/applications in the field, other branches of mathematics, statistics, physical/natural/biological sciences, technology and industry. Any one, irrespective of his/her nationality, working in the related area and below the age 45 years may apply or can be nominated. The award carries a Certificate and a cash prize of Rs. 15,000/-  and is given during the Annual Meeting of SSFA. The awardee is invited to deliver a Talk on his/her work in the Annual Meeting of SSFA.

A. K. Agarwal Prize for Best Publication of the Year carrying a certificate and a cash prize is given to a mathematician (below 45 year of age) working at an Indian University/ Institute for his paper published/accepted in the preceding year of the Conference in the areas influenced by Ramanujan which include special functions, number theory, q-series, mock theta functions etc. The award carries a Certificate and a cash prize and is given during the Annual Meeting of SSFA. The awardee is invited to present his/her work in the Annual Meting of SSFA.

These awards are given every year during Annual Meeting of SSFA to an Indian mathematician (below 35 years of age). Each award carries a certificate and a cash prize. Call for papers for these awards are given with the announcement of ICSFA every year.