 There is an annual festival at the temple, which is a major event in Penchalakona, celebrated during Vaisakha, the period of time in the Hindu solar calendar that begins in mid-April in Bengal, Nepal, and Punjab.It starts on the day of Suddha Dwadasi and lasts until Bahula Padyami, a total of five days.Devotees congregate for Narasimhaswamy Jayanthi to celebrate the occasion.