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The day of Lakshmi Puja during Navarati, and the festivals of Deepavali and Sharad Purnima (Kojagiri Purnima) are celebrated in her honour.

Lakshmi's iconography and statues have also been found in Hindu temples throughout Southeast Asia, estimated to be from the second half of the 1st millennium CE. Īrchaeological discoveries and ancient coins suggest the recognition and reverence for Lakshmi existing by the 1st millennium BCE. Lakshmi Sahasranama of Skanda Purana, Lakshmi Tantra, Markandeya Purana, Devi Mahatmya and vedic scriptures describes Lakshmi as having eight or eighteen hands and as sitting on Garuda, Lion or Tiger. Her iconography shows her with four hands, which represent the four aspects of human life important to Hindu culture: dharma, kāma, artha, and moksha. Lakshmi is depicted in Indian art as an elegantly dressed, prosperity-showering golden-coloured woman standing or siting in padmasana on a lotus throne, while holding a lotus in her hand, symbolising fortune, self-knowledge, and spiritual liberation. The eight prominent manifestations of Lakshmi, the Ashtalakshmi symbolize the eight sources of wealth. Whenever Vishnu descended on the earth as an avatar, Lakshmi accompanied him as consort, for example, as Sita and Radha or Rukmini as consorts of Vishnu's avatars Rama and Krishna, respectively. She is an especially prominent figure in Sri Vaishnavism, in which devotion to Lakshmi is deemed to be crucial to reach Vishnu.

Lakshmi is both the consort and the divine energy ( shakti) of the Hindu god Vishnu, the Supreme Being of Vaishnavism she is also the Supreme Goddess in the sect and assists Vishnu to create, protect and transform the universe. Within the Goddess-oriented Shaktism, Lakshmi is venerated as the prosperity aspect of the Mother goddess. Along with Parvati and Saraswati, she forms the Tridevi of Hindu goddesses. She is the goddess of wealth, fortune, power, beauty, fertility and prosperity, and associated with Maya ("Illusion"). 'Noble'), is one of the principal goddesses in Hinduism. 'she who leads to one's goal'), also known as Shri ( Sanskrit: श्री, romanized: Śrī, lit. Lakshmi ( / ˈ l ʌ k ʃ m i/ Sanskrit: लक्ष्मी, romanized: Lakṣmī, lit.