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Akshaya Tritiya Akshaya Tritiya , also known as Akti or Akha Teej , is an annual spring time festival of the Hindus and Jains . It falls on the third Tithi (lunar day) of Bright Half ( Shukla Paksha ) of Vaisakha month. It is observed as an auspicious time regionally by Hindus and Jains in India and Nepal, as signifying the "third day of unending prosperity". Akshaya Tritiya is believed in Hinduism to be the birthday of Parasurama who is the sixth incarnation of Vishnu , and he is revered in Vaishnava temples. ] Those who observe it in the honor of Parasurama sometimes refer to the festival as Parasurama Jayanti . Alternatively, some focus their reverence to VÄsudeva avatar of Vishnu. According to one legend, Ved Vyasa began reciting the Hindu epic Mahabharata ...
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