Saraswathi is a recipient of the Kerala Sangeetha Nataka Akademi Award in 1983 for Bharatanatyam.
[1] Saraswathi was born in an orthodox Tamil Brahmin family in Kuzhalmannam village of Palakkad district, Kerala.
Saraswathi also studied various dance forms such as Kuchipudi and Bharatanadyam under Padma Subramaniam, Chitra Vishweshwar, Rajaratnampillai, Sudharani Raghupathi, Kalanidhi Ammal and Vembatti Chinnasathyam.
For the Cultural Exchange Programme, under her leadership Mohiniyattam has been presented in the North Eastern states of India and West Bengal during 1991-92 period.
In 2022, Saraswathi won the Swaralaya Kalamandalam Ramankutty Nair Award for her overall contribution to classical dance forms.