The word Akshaya comes from the combination of A- which indicate no or not… and Kshaya- which indicate something lessens or erodes. So, Akshaya means that it is something which will never lessen or erode.
Tritiya on the other hand means the third day of the lunar month (as per the Vedic calendar).
So, Akshaya Tritiya means that it is a day that heralds- ‘never ending prosperity’… it is a day which can brings us joy and material goodness for a very long time!
It is one of the few days in the Vedic calendar, when the entire day is considered so very auspicious that, we do not need to check the Panchang (Vedic calendar) for any specific muhurta (appropriate/auspicious time) to commence any positive or new activity.
This was the day when Lord Krishna gave the Akshaya Patra (the 'never empty' food bowl) to Draupadi- queen of the Pandavas. This bowl helped to make sure that Pandavas never lacked nourishment during their trying times in exile.
- It is believed to be the birthday of Lord Parashurama, which is the sixth incarnation of Lord Vishnu. This is the reason, this day is celebrated as Parashurama Jayanti.
- It is supposed to the day when Rishi Ved Vyasa started reciting the Mahabharat to Lord Ganesha who was carrying out the service of being a scribe for this great epic.
- This is also believed to be the day when Lord Kubera received all his riches and was given the honor of being the “Lord of Wealth”.
In addition, this is the day when Sudama the childhood friend of Lord Krishna received material blessings that removed his poverty and allowed him to live a rich and comfortable life. As the story goes, Sudama had not met Lord Krishna for many years and it is believed that it is on this day of Akshaya Tritiya, he visited Lord Krishna. Subsequently Lord Krishna blessed him with bountiful riches.
Akshaya Tritiya is a very auspicious day, when we can simply pray from our heart and seek to easily connect with the Divine energy. We can then obtain Divine grace, so that, like Draupadi and the Pandavas, we never lack for anything that we need or desire in our life!
It is a day celebrated not just by Hindus but also Jains (people who follow the principles of Jainism). The festival of Akshaya Tritiya is celebrated not only in India and Nepal, but by Hindus and Jains living all across the world.