Akshaya Tritiya is an auspicious and important day for members of the Hindu and Jain community. The word akshaya means “never diminishing”, and as such, the festival is associated with wealth, prosperity and happiness. Also known as Akti or Akha Teej, Akshaya Tritiya is an annual spring-time festival that falls on the third tithi (lunar days) of the bright half (Shukla Paksha) of Vaisakha month signifying the “third day of unending prosperity”.