The actress was made an Officer Dan Ordre des Arts et des Lettres (Officer of the Order of Arts and Letters) - the second highest civilian French honour - in 2009, but decided not to attend the investiture ceremony in the wake of the Mumbai bomb blasts.
An industry insider told the Hindustan Times: "Since it's Ash's birthday, all the family members have kept themselves free for attending the ceremony. The honour has been evading her for the past three years, so everyone wants to make it very special for her this time around."
Other recipients of the prestigious award include Shah Rukh Khan, George Clooney and Meryl Streep.
In 2009 Rai Bachchan received the Padma Shri - India's fourth-highest civilian award - from the Government of India.
She was recently named a Goodwill Ambassador for UNAIDS.
Husband Abhishek is said to be planning a holiday to Goa for the former Miss World who turns 39 on November 1.