Akshaya Tritiya is also known as Akti or Akha Teej
Akshaya Tritiya is an annual Hindu and Jain spring festival
The festival falls on the third Tithi of the bright half of the month Vaisakha
It is considered an auspicious day for new ventures, marriages, expensive investments such as gold or other property, and any new beginnings
This year, Akshaya Tritiya falls on Saturday, April 22
The word Akshaya means “never decreasing” in the sense of “prosperity, hope, joy, success”, while Tritiya means “third phase of the moon”
It is named after the third lunar day of the spring month of Vaisakha in the Hindu calendar, when it is observed
Akshaya Tritiya is also believed to be the birthday of Parasurama, the sixth avatar of the god Vishnu