Bhonsle premiered in the 'A Window on Asian Cinema' section of the 2018 Busan International Film Festival and was also screened in the non-competitive India Story section at the MAMI Film Festival, the 2018 Dharamshala International Film Festival, the 2019 International Film Festival Rotterdam, the Bengaluru International Film Festival and the Singapore South Asian film festival. It won the Best Screenplay and Best Director Award at the Asian Film Festival Barcelona. It was released on SonyLIV on 26 June 2020. Manoj Bajpayee won the National Film Award for Best Actor at the 67th National Film Awards.
