All three were in sublime touch last year and brought the country laurels in their respective sports.
Sania enjoyed the most sensational run, clinching nine titles -- including two Grand Slams last year with Swiss great Martina Hingis. The exceptional performance propelled her to the top of the WTA doubles rankings.
The 29-year-old is currently competing in the Australian Open in Melbourne, where she has reached the women's doubles quarterfinals with Hingis.
Deepika, on the other hand, won a silver at the Archery World Cup Final besides bronze medals at the World Cup Stage II and the Asian Team Championships.
Saina, who is in the country to compete in this week's Syed Modi Grand Prix Gold Tournament, said the honour has left her surprised. Interestingly, the 25-year-old had expressed her displeasure at being ignored for the award last year.
"It came as a complete surprise to me. I had no clue. I did not expect at all. There was no news of it at all. When I think that I am just 25 and I have received this award, it makes me feel great. But it is still a long way to go."
The ministry had picked two-time Olympic-medallist wrestler Sushil Kumar for the honour last year.
Saina was bestowed the Khel Ratna and Padma Shri in 2010 and also received the Arjuna Award in 2009.
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For Sania, the honour adds to the illustrious awards she has already picked up.
The Hyderabadi has previously won the Padma Shri, besides being a Khel Ratna and Arjuna awardee.
"It's a truly humbling experience to be honoured with the Padma Bhushan award and will serve to inspire me to earn more laurels for my country," Sania said from Melbourne.
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