Buddyzm (Mahayana) : The annual festival of Raksha Bandhan, which is meant to commemorate the abiding ties between siblings of opposite sex, usually takes place in late August, and is marked by a very simple ceremony in which a woman ties a rakhi — which may be a colorful thread, a simple bracelet, or a decorative string — around the wrist of her brother(s). The word "raksha" signifies protection, and "bandhan" is an association signifying an enduring sort of bond; and so, when a woman ties a rakhi around the waist of her brother, she signifies her loving attachment to him. He, likewise, recognizes the special bonds between them, and by extending his wrist forward, he in fact extends the hand of his protection over her.