The 57-year-old Anglo-Irish actor was honoured for his acting career which has seen him become the only person to win the Academy Award for best actor three times.
He was named during the Queen's Birthday Honour's List in June, after which he said he was "entirely amazed and utterly delighted in equal measure," reported BBC online.
Day-Lewis won his first Oscar in 1989 for 'My Left Foot' in which he portrayed Irish writer and painter Christy Brown who suffered from cerebral palsy and was only able to write or type with the toes of one foot.
He was also nominated twice more in the same category, for 1994's 'In the Name of the Father' and 2003's 'Gangs of New York'.
A method actor, Day-Lewis is famous for the extreme lengths he often goes to when preparing for a role. To prepare for his role in 'The Last of the Mohicans', Day-Lewis is said to have undergone a rigorous training regime as well as learning to hunt and kill his own food .