| Year | Festival | Category | Winner | Result |
|---|---|---|---|---|
| 1994 | BAFTA | Best Leading Actress | Holly Hunter | Winner |
| 1994 | Oscars | Best Actress | Holly Hunter | Winner |
| 1994 | Oscars | Best Director | Jane Campion | Nominated |
| 1993 | Golden Globes | Best Actress - Drama | Holly Hunter | Winner |
| 1993 | Cannes | Best Actress | Holly Hunter | Winner |
| 1993 | Cannes | Palme d'Or | Jane Campion | Winner |