Approximately 10% to 30% of the stored agricultural produce is damaged out of which 26% is due to insect-pest infestation thus seriously impacting the food security. The infestation also leads to loss of quality and thereby affecting the overall profitability. In absence of enough storage space, usually farmers dispose-off their produce immediately after harvest and thus do not get remunerative prices. For those opting for storage, physical and chemical methods are in vogue to manage the storage insect-pests. Fumigation with chemical pesticides such as methyl bromide and aluminium phosphide is a common method, though it has its own health and environmental risks. Inhalation of phosphine gas released when aluminium phosphide is used could seriously affect human animal health, sometimes leading to deaths. Thus for using these fumigants, strict supervision of government recognized experts is required. Due to their wide usage, some insect-pests have developed resistance against these molecules. Nanotechnology has created numerous new opportunities in agriculture and allied sectors. Insecticide formulations based on nanotechnology could be a viable alternative to toxic chemicals like aluminium phosphide to manage storage insect-pests. In recent years, a variety of formulations including solid nanopesticides, controlled-release formulations, nano-emulsions, and nano-suspensions have been developed possessing different modes of actions and applications. Their small size is a significant advantage because it provides higher insect-body surface area coverage and thus enhanced efficacy as compared to traditional pesticides. Aside from their small size, they are reported to be safe for non-target beneficial organisms. Nano-pesticides can thus prove as effective and eco-friendly alternatives for insect pest control in storage. However, there is a need to establish their safety on the human and animal ecosystems to rule out their ecological hazards over time. In absence of such information, nanopesticides will not be widely accepted despite their other beneficial effects. In this article, an effort is made to review the current status of nano-formulations for the management of storage-insect-pests, the research and extension gaps and ways to bridge the gaps to ensure safe use of the technology for efficient management of postharvest storage losses.