Amavasya in the Krishna Paksha of Phalguna month is known as Phalguna Amavasya. This Amavasya is most advantageous for reach joy, property and good affluence. Therefore, people fast on this day for their positive growth and affluence. On the same day, sacrifice (Tarpan or Shraadh) to the ancestors is also performed. If this Amavasya falls on days like Monday, Tuesday, Thursday or Saturday, it give results more than that of Solar Eclipse (Surya Grahan).
As per virtuous beliefs, fast and activities performed on Phalguna Amavasya offer instant results. It also includes oblation for ancestral peace, which is of great importance.
The religious rituals performed on this day are as follows:
As per religious beliefs, God and Goddesses inhabit in holy rivers on the day of Phalguna Amavasya. Therefore, bathing in rivers like Ganga, Yamuna and Saraswati on this day is of prime importance. If this Amavasya falls on Monday, it also creates Yoga for Maha Kumbh Snan, which is highly fruitful.