Akshaya Tritiya, Akha Teej or Navanna Parvam, falls on the third day of the bright half of the pan Indian lunar month of Vaishakha of the traditional Hindu calendar, is one of the most important days of the year for the Hindus. It's in the month of (April-May), when the Sun and Moon are in exaltation; they are simultaneously at their peak of brightness, which happens only once every year. The word “Akshaya” refers to the one that never diminishes and is believed to bring good fortune and victory in life. Buying gold is considered auspicious on Akshaya Tritiya, as it is the ultimate symbol of wealth and prosperity.
Akshaya Tritya Legends
The day also marks the beginning of the "SatyaYug" or the Golden Age - the first of the four Yugas. In the Puranas, the holy Hindu scriptures, there is a story that says that on this day of Akshay Tritiya, Veda Vyasa along with Ganesha started writing the great epic Mahabharata. Ganga Devi or Mother Ganges also descended on earth on this day.
According to this legend, during the time of the Mahabhrata, when the Pandavas were in exile, Lord Krishna, on this day, presented them an 'Akshaya Patra,' a bowl which would never go empty and produce an unlimited supply of food on demand.
Krishna Sudama Legend
According to this legend, on the day of Akshaya Tritiya, a childhood friend of Lord Krishna named Sudama came to his palace seeking for some financial aid, with only a handful of rice to offer. Lord Krishna followed this age old Hindu principle of Athithi Devo Bhava (Guest is like God) and treated Sudama nothing less than a king. Taken aback and overwhelmed by the treatment, Sudama couldn't ask for any help but when he returned home, he found his old hut transformed into a palace and received much more than he could have ever asked for from Lord Krishna.
Akshaya Tritiya Celebration
It is on this day that people conduct special Pujas, bathe in holy rivers, make charity, and offer barley to the burning fire. There's also a tradition to sprinkle Tulsi water onto the idols of Gods while performing the rituals. Doing charity is one of the important aspects of Akshaya Tritiya. It is believed like feeding the poor, feeding the cow and calf will bring blessings from the Almighty. Various Hindu deities like Lord Ganesha, Lord Krishna, Lord Shiva and Devi Laxmi are worshipped on the day. Lord Ganesha is worshipped before setting sails for any new venture or deed, Lord Krishna is worshipped for Salvation, Lord Shiva is worshipped for health and good luck, and Goddess Laxmi is worshipped for wealth.