Mukherjee passed away on Monday, 21 days after it was confirmed that he had tested positive for the novel coronavirus.
The 84-year-old was in hospital to remove a clot in his brain, when it was discovered he also had Covid-19.
Before serving as president between 2012 and 2017, he held several important portfolios during his 51-year political career, which included the finance, foreign and defence ministries.
Describing Mukhrejee as a veteran politician of the subcontinent and as a true friend, Prime Minister Hasina said in a condolence message, “I always remember with respect his outstanding contribution to the liberation war.”
Mukherjee was always supportive while she was in exile in India after the assassination of Father of the Nation Bangabandhu Sheikh Mujibur Rahman on August 15, 1975, she added.
India had lost a wise and patriotic leader and Bangladesh a loved one in the death of Pranab Mukherjee. He will remain as a shining star in the politics of South Asia, said the prime minister.
She prayed for the salvation of the departed soul and conveyed her deep sympathies to the members of his bereaved family.