Also known as Akha Teej, Akshaya Tritiya is a holy day for Hindus and Jains. It falls on the third Tithi (lunar day) of Bright Half (Shukla Paksha) of the pan-Indian month of Vaisakha and one of the four most important days for Hindus. It is an auspicious day of the birthday of Lord Parasurama who is the sixth incarnation of Lord Vishnu. On this day Veda Vyas and Lord Ganesha began to write Mahabharata. The meaning of the word Akshaya is infinite that which never recede.
In Jain and Hindu calendars, some days of the month are absent in counting and some days (tithi in lunar calendars) come extra, but Akshay tritiya is one day which is never “absent” from the lunar calendar.
The word “Akshaya” means the never diminishing in Sanskrit and the day is believed to bring good luck and success. It is believed that if you do charity on this day you will be blessed. On Akshay Tritiya, Mrutika worshiped.
Nowadays jewellers have turned the purity into a marketing gimmick. The day is considered auspicious for starting new ventures. The legend is that any venture initiated on the auspicious day of Akshaya Tritiya continues to grow and bring prosperity. Hence, new ventures, like starting a business, construction, etc. is performed on Akshaya Tritiya.
As per Hindu electional astrology (Muhurta) three lunar days (tithis) are auspicious. These are called Sade-Teen Muhurtas also. These Tithis are first Tithi of Bright Half of Chaitra(starting of new year), tenth Tithi of Bright Half of Ashvina (Vijay Dashmi), third Tithi of Bright Half of Vaishakha (Akshay Tritiya- Parshu Jyanti) and first Tithi of Bright Half ofKarttika are called “Sade-Teen (3 ½) Muhurt”. The first three tithis are counted as full and the last one as half Tithi and constitute Sade – Teen Muhurt. Sun and moon are astrologically believed to be at their most exalted equal brightness on this day.
Akshaya Tritiya is also called Navanna Parvam. Akshaya Tritiya falling on a Rohini star Monday is considered more auspicious.
Being Yugadi Tithi, it is most beneficial for performing meritorious (Punya Karma) deeds such as recitations (Japa), penance (Tapa), donations (Dana) ritual bathing (Snaana), sacrifices (Havan), burnt oblations to fire (Hooma). But initiation / conducting of activities like wearing sacred thread (Upnayana), ending of fast, house construction and entering thereof, traveling and plantation is prohibited in certain communities, while most look forward to start/restart relationships, purchases and commitments on this auspicious day. To some, it is beneficial for spiritual and not worldly activities.
Worldly activities can be initiated during currency of this Tithi, however, aspirants must ensure that duration is not sullied by concurrence of malefic times observed according to the Hindu electional principles, and the moments are favourable to the doer by transits of the planets and the like. Aspirants are cautioned against using this Tithi blindly for initiating and conducting all types of life activities. Auspiciousness of the Tithis for specific activity depends upon simultaneous presence of Panchangam Shuddhi, Muhurt Yogasand host of other elements of Hindu electional astrology.
Starting a new activity or buying valuables on Akshaya Tritiya is considered to bring luck and success. The religious merit that is acquired by giving gifts on this day is considered inexhaustible. Many buy new gold jewelry on Akshaya Tritiya.
The gold rush of Akshaya Tritiya is now a phenomenon that manifests every year with a certainty that pays no heed to mundane changes in economic fortunes. But the observance of the auspicious day has in recent times shed its multiple characteristics and come to be viewed only as an auspicious day to buy gold.
Akshaya Tritiya is an important day in the Hindu calendar. It is the third day of the waxing moon in the month of Vaishaka. Its auspiciousness arises from the belief that one year in the life of humans is equivalent to a day in the lives of celestial beings. So, the month Vaishaka is considered the morning of a celestial being’s day. This, combined with the waxing of the moon is a symbol of the rising energies that will last through the year.
According to the scriptures, the celestial specialty of Akshaya Tritiya makes it a particularly good day for four kinds of activities. They are Yajanam (performance of auspicious activities like yagnas and homams), Yaajanam (enabling the performance of auspicious activities by others), Dhaanam (charity) and Pratigraham (acquisition and accumulation of wealth of any sort).