Premchand was commemorated with the issue of a special 30-paise postage stamp by India Post on 31 July 1980.[52]
Premchand's ancestral house in Lamhi is being restored by the state government.[53] An institute has also been set up in Lamhi to study his work.[54] The Munshi Premchand Mahavidyalaya in Siliguri has been named after him.
An Archive Centre in the name of Munshi Premchand has been established at the Central University Jamia Millia Islamia.[55] It came to store the legacy of Premchand's writings as his famous story 'Kafan' was written by him in Jamia itself and it was first published in 'Jamia '.[56]
On 31 July 2016, Google showed a Google Doodle in honouring the 136th birthday of Munshi Premchand.[57]