Awards have been instituted and are given during the AGM of the POS every year as under:
- 3 for clinical meetings.
- The Sahebram-Satyawati Madan Award for Community Ophthalmology.
- Prof. Bhatwadekar award for the best DNB student.
Awards have been instituted and are given during the annual conference of POS every year as under:
- Dr. M. B. Jhanwar Netraseva award for any young Ophthalmologist under 45 years, who has done work for the society, who is still an active member and who is not having any post in any institute that is he or she is a private private practitioner.
- POS lifetime achievement award.
- POS Mrs. Shubhada Kulkarni Award for Quiz winner.
- POS Dr. Asha Kelkar award.
- POS Best POSTER Award.
- POS Best Video Award.