Biosensors are rapidly gaining prominence as the first line of diagnostic approaches in home as well as in clinical settings owing to their excellent sensitivity and quick response time. To achieve better stability, sensitivity, and anti-fouling effects nanomaterials are incorporated in the biosensors development. Metallic nanostructures, a type of nanomaterial is widely used in the biosensors due to its excellent conductivity, electrocatalysis, and optoelectronic property. Among many methods of metallic nanomaterial synthesis, controlled electrodeposition is a simple approach that allows to develop metallic nanostructures with unique shape, size, and catalytic property. There are many factors like pH, temperature, potential, and electrolysis time that influence the growth as well as the kinetics of the nanostructures formation. In this article, we have discussed the mechanism behind the synthesis of nanostructures via electrodeposition, its importance over conventional wet chemistry synthesis protocols, and fabrication procedures of different dimensional (0D, 1D, 2D, and 3D) nanomaterials in view of their uses in various biosensing applications.