Diwali is very enthusiastically celebrated for five continuous days and each day has its significance with a number of myths, legends and beliefs.

The First Day : Dhanteras

The first day of Diwali is called Dhanvantari Triodasi or Dhanwantari Triodasi also called Dhan Theras. It is the festival that marks the beginning of the diwali celebrations and therefore it is considered the first day of five days long festivities of diwali. Dhanteras is celebrated to seek blessings of Goddess Laxmi, the goddess of wealth. In the amalgamation of Dhan teras 'Dhan' means wealth. God Yama is also worshiped on this day to provide prosperity and well being.

The Second Day : Narak Chaudas or Chhoti Diwali

The Second Day is called Narak-Chaturdashi or more popularly as Chotti Diwali which falls on the 14th day of the month of Kartik. This festival is observed to commemorate the victory of Lord Krishna over the demon king, Narkasur. This day is also celebrated as the birthday of Hanumanji or Hanuman jayanti. Also, on this day Hanumanji reached Ayodhya to deliver the long-awaited message of Lord Rama’s return. Just like diwali people light diyas on chhoti diwali to fill their homes with light, worship Goddess Laxmi and offer prayers to Her and they also burst firecrackers but all these things are not as grand as they are on the day of main diwali .

The Third Day : Diwali or Deepavali

The Third Day of this festival of Diwali is the most important day of Lakshmi Puja which is entirely devoted to the propotiation of Goddess Lakshmi.On this dark new moon night, the entrances to all homes are lit up and decorated with rangoli patterns to welcome Lakshmi, the radiant consort of Vishnu and the goddess of wealth and lustre.

Diwali is the last day of financial year in traditional Hindu business and businessmen perform Chopda Pujan on this day on the new books of accounts. Diwali is the festival when the new business year begins it is said that Diwali is the "Time to shop or start new ventures".

The Fourth Day : Padwa or Varshapratipada

The fourth day of diwali celebrations is 'Padwa' or 'Varshapratipada'. In the North India Govardhan Puja is performed with great zeal and enthusiasm. On this day, Goverdhan Pooja is performed. This day is also observed as Annakoot and prayers are offered in the temples. The day after the Lakshmi Puja, most families celebrate the new year by dressing in new clothes, wearing jewellery and visiting family members and business colleagues to give them sweets, dry fruits and gifts.

The Fifth Day : Bhai Dooj

Bhaiya Duj or Bhai Dooj is the festival that is celebrated on the fifth day of diwali and it falls on second day after diwali that is on 'Shukla Paksha Dwitiya' in the Hindi month of 'Kartik'.Bhai Dooj is observed as a symbol of love and affection between brothers and sisters. Bhai Dooj is the festival that marks the end of diwali celebrations.