Parasurama Jayanthi is observed on Vaishkha Shudda Tadiya (third day of Shukla Paksha in Vaishakha Masam). This day is also celebrated as Akshay Tritiya. In 2010, Parasurama Jayanti date is May 16, 2010.

Parsu is a weapon like axe adopted by Lord Parasuram. Lord Parasuram was the sixth incarnation of Lord Vishnu. Parashuram was born in Satyu-Yuga and stayed alive till Mahabharata time (Dwapara Yuga). Some scriptures say that Lord Parashuram will stay alive until the Universe faces the Mahapralaya (deluge).

Significance and Purpose of Parasurama Avatar:
The main purpose of the avatar of Lord Parashurama, the sixth incarnation of Vishnu, to make the earth free from the burden of cruel kshatriya kings by defeating the evilness of them as they neglected their regular duties as kings.

The kshatriya kings of the earth became very cruel and were performing many anti-religious acts in the Satya-Yug. Goddess Prithvi (Mother Earth) was unbearable of all these ridiculous acts of the kings and went to Lord Sri Maha Vishnu and worshipped the Lord to relieve her form this. Lord Vishnu appeared in front of Mother Earth and assured that he will incarnate as Parasurama, a . Parasuram has taken revenge of his father’s brutal murder by a kshatriya king and relieved the Mother Earth by slaying all kshatriya kings of the earth.

Temples and Holy Places of Lord Parashuram:
Lord Parasurama was the incarnation of Lord Vishnu, but he is not worshipped as much as Lord Sri Rama and Lord Sri Krishna. The worship of Lord Parasurama is also very strange as we can’t compare it with other worship procedures, as the Lord is the Avesha Avatara like Lord Narasimha Swamy.

In Maharahstra, there is a temple for Lord Parsurama at Lote Parshurama in Ratnagiri district. The Konkan area is called as Parashurama Bhoomi (the land of Parshurama) because Lord Parshurama is considered as the creator of the Konkan coast. There are several temples for Lord Parsuram in Gujarat (Bharuch and Songadh), Maharashtra (Akkalkot, Khopali) and in Jammu Kashmir (Akhnoor).

Rituals and Customs of Parsurama Jayanti:
Parsurama Jayanti is a very important festival for Brahmins as the Lord was also a brahmin. They worship him with utmost devotion and in regions; people observe fasting as the festival coincides with Akshay Tritiya.