The Akshaya Tritiya festival is also known as Akti or Akha Teej. This festival is an auspicious festival of Hindus and Jains. This festival falls on the third day of the Shukla Paksha of the Vaishakh month. This festival is celebrated as an auspicious time by Hindus and Jains in India and Nepal. According to the mythological texts, whatever works are done on this day, they get a auspicious result. Hence this day is called Akshaya Tritiya.
In Sanskrit, 'Akshaya' means hope, prosperity, joy and success and 'Tritiya' means third. Every month the tritiya comes on the Shukla Paksha, but during the Shukla Paksha in Vaishakh, the tritiya is considered auspicious. This day holds special significance as the most celebrated muhurat. On this day, any auspicious work can be done - such as a wedding, home entrance, buying clothing, jewelery, houses, land and vehicles etc.
It is believed that on this day, pind daan or any kind of donation made for the Pitros results in renewable. Taking a bath in the Ganges on this day can get rid of all sins. The war of Mahabharata had ended on this day and the Dwapar Yuga had also ended on this day.
Ganga bathing has a special importance in Hinduism and after taking Ganga bath in Brahma Muhurta on the day of Akshay Tritiya, one should worship Lord Vishnu and Lakshmi and offer barley or wheat sattu, cucumber and gram dal. Brahmanas should eat food and donate to them.