But, that is not all! This day holds a more important cultural and religious significance than just that.
Importance and religious significance
Akshaya means ‘eternal’ and Tritiya stands for ‘third day'. This day falls on the third day of the bright lunar fortnight of the Hindu month of Vaishakh, and so the name. It is said that holy rites, rituals and acts of charity performed on this day bring unending bliss, grace, and prosperity. The grand importance of this day roots back to Indian mythology.
Here are some popular beliefs and stories related to Akshaya Tritiya:
*It is said that the God of wealth and the treasurer of all deities, Kubera, prayed to Goddess Lakshmi on this special day, and was granted the gift of perpetual wealth and prosperity. That is why, this day is so auspicious for starting new ventures, buying a new property or gold, or getting married, as it assures prosperity and benefits. In many households, a daylong Kubera-Lakshmi puja is performed on this day.
*The holy river Ganges descended on Earth from the heavens on this day.
*This is the day when the sage Parshuram, the sixth incarnation of Vishnu, was born.
*Treta Yug, the period of the holy Ramayana, commenced.
*Ved Vyasa initiated the recital of the great Indian epic Mahabharata before lord Ganesha.
*Lord Krishna’s childhood friend Sudama, visited Dwarka to him and offered him a humble gift of poha (rice flakes). Therefore, Vaishnavas (worshippers of lord Vishnu) fast throughout the day and open their fasts with rice.