It was released simultaneously with other big films, Devendra Goel's Chirag Kahan Roshni Kahan and V Shantaram's Navrang, while Navrang was a hit, Chirag Kahan Roshni Kahan broke even, Char Dil Char Rahen failed at the box office.
Arati Ankalikar-Tikekar, the play back singer of this film, received Maharashtra State Award, V Shantaram Award and Maharashtra Times award in the category of 'Best Play back singer'.
The film marked the debut of V. Shantaram's daughter Rajshree and Jeetendra.
The 1957 Hindi film, Do Aankhen Barah Haath by V.Shantaram was inspired by the story of an 'open-prison' experiment swatantrapur in the princely state of Aundh near Satara, Maharashtra.