Raksha means Protection and Bandhan means bond. Raksha Bandhan is a festival that respects and celebrate the relationship between brothers and sisters. Rakhi Purnima is a festival which celebrates the bond of affection between brothers and sisters.It is celebrated to make the relationship more stronger. On Raksha Bandhan day sister tie rakhi on the wrist of her brother. The brother in return offers a gift to his sister and vows to look after her as she presents sweets to him.
Hence Raksha Bandhan is nothing but a thread that is tied and which promises a protection to the one to whom it is tied and to the one who ties it. This is considered to be the festival that symbolizes the relationship of brother and sister.
Raksha Bandhan is a annual festival falls on fullmoon (Purnima) day of the Hindu month Sravana. In 2014 Raksha Bandhan is on Sunday, 10th of August.It is celebrated as a big festival in India.
There are few legends that are associated with Rakhi or Raksha Bandhan.
In Mahabharat there is a story of Raksha Bandhan. Draupadi wife of Pandavas once tied a piece of silk cloth on the wrist of Lord Krishna to stop the blood that was a result of the injury in a battle. It was on Shravan Purnima and Krishna said that from this day on wards he would protect her as the cloth that she tied to him had the significance of Brother protecting the sister. On the day when Pandavas were defeated in an unfair or the magic gamble (Maya Juudam) and Draupadi was also betted and lost. Duryodhana, had Draupadi dragged to the court by Dussasana. He then asked to strip Draupadi in front of everyone and Dussasana pulled the saree of Draupadi and as he was pulling the saree never ended and he was never able to strip Draupadi. The never ending saree was a result of Draupadi tied the cloth to Krishna. Krishna as a Brother protected Draupadi from getting humiliated in front of everyone by granting her a saree for each of the thread that formed the piece of cloth that was tied to him. Those sarees were the one that made the saree of Draupadi endless. Thus this shows how great is the thread that is tied and how a brother has to protect the sister at all times.
Another legend is of King Bali.
King Bali was a demon and he offered all that he earned as well as himself to Lord Vishnu. Lord Vishnu had forced Bali to Patalk Lok and moved by the way in which Bali knowingly had offered himself to the Lord Vishnu, Lord Vishnu offered a boon to Bali. Bali asked Vishnu to come and protect him in the Patala Loka. Vishnu readily agreed and was in Patal Lok protecting Bali. In Vaikuntam, the abode of Lord Vishnu, Goddess Lakshmi was worried as Lord Vishnu had not returned for a long time. Finally she learns that Lord Vishnu is in Patal Lok protecting King Bali. She then visits Bali and asks for his protection, to which king Bali readily agrees and allows her to stay in his kingdom. On the Shravan Purnima day Goddess Lakshmi ties Rakhi or Raksha Bandhan and Bali offers her a boon. Goddess Lakshmi tells her that she is here for her husband and asks Bali to giver her back her husband Lord Vishnu. Bali moved by Lakshmi agrees and prays to Lord Vishnu to return to Vaikuntam along with his wife.
This day is celebrated as Rakhi Purnima or Raksha Bandhan.