Rishi Panchami is not a festival but it is rather a fasting day for women where they pay reverence to the seven sages on this day and get purified from their Rajaswala Dosha. What is the Rishi Panchami Festival? The Rishi Panchami Festival is observed on a day chosen by the Rishis (sages) in commemoration of their revered companion sage Vyasa. devotees observe fasts, pray and make offerings to the seven sages on this special day. It is a chance to meet with and train with the Pancha Rishis. Their appointed appearance is considered auspicious, and so no auspiciousness should be performed or decline issued on this day, otherwise, it may produce bad results. The celebration on the same day as Vasant Panchami also begins at sunrise. It commemorates Vyasa's birth and also that He descended as Vishnu to fulfill his promise as stated by Krishna in Vishnu Sahasranam: “As soon as I am born a thousand years shall pass, Then Four Hundred Years End, A Thousand Years; That Law (Do Mitra San...