Maharishi Parsuram Jayanti celebrates the birth anniversary of Parashurama, the sixth incarnation of Lord Vishnu in Hinduism. According to the legend, Mahishmati Nagri, a region in central India was ruled by the demon king Kiratarjuna and his kingdom of the Kshatriyas. Goddess Earth was so concerned about the evil deeds of the king, that she asked Lord Vishnu for help. Lord Vishnu said he would be born as a son to Renuka and Sage Jamadagni and destroy the kingdom. Vishnu reincarnated as the great warrior Parshurama (literally Rama with an Axe) and defeated the king and the Kshatriyas, restoring peace on earth.
This day holds special religious significance for Hindus. Devotees fast from the night before to the day of Parshuram Jayanti. They visit temples and offer worship to Lord Vishnu to seek his blessings. Donating food to Brahmans Is consider very auspicious on this day. This day is also known as Akshaya Tritiya and is considered good to start or do anything auspicious. Parashurama may also be known as Rama Jamadagnya , Rama Bhargava and Veerarama in some Hindu texts. Parashurama is worshipped as mool purush, or founder, of the Niyogi Bhumihar Brahmin, Chitpavan, Daivadnya, Mohyal, Tyagi, Anavil and Nambudiri Brahmin communities.
The day is observed by fasting as a way of sacrificing the comforts of life in order to attain higher goals. Fasting usually begins the day before. It is also celebrated as an auspicious occasion to begin new endeavours and acquire new possessions, whether it is starting a business or buying gold jewellery. This day is also called Akshaya Tritiya. People also visit temples that are dedicated exclusively to the Maharishi in order to pay their obeisance to him. They also visit temples dedicated to Lord Vishnu as he is considered to be his avatar.