Saraswati pooja is observed on Magh Sukla Panchami. Saraswati pooja is done on Panchami, so the day is called Shree Panchami.

This year Shree Panchami is on 21st of Magh, 2070.  This date coincide with February 4, 2014 in Gregorian calendar.

Saras in Sanskrit signifies flow and wati means the bearer. Saraswati is "she who has flow".  Sara also means essence and swati means self. Therefore, she is regarded as self-essence.  

What do we do in Saraswati puja in Nepal

The day is very auspicious day. This is the day for many Nepali kids start writing their first letters and alphabets.  Children are taken to Saraswati temple and asked to read and write first letter of their life. The wall of Swaraswati temples across the country are scribbled by Nepali Alphabet, numbers and slokas. Kids use white chalk to write on the slate or wall. Therefore, it is very important day for every kid. It is believed, Shree Panchami is the best day to start learning new things. Students worship books, pens, notebooks and other instruments. Musician worship his/her instruments. Professionals worships their tools. In one sentence, this is the day when the source of knowledge, art and education are worshiped.

Students worship goddess Saraswati with more diligence and respect. Schools and colleges have special celebration of Saraswati  puja in house. In Madhesh and Terai region of Nepal there is tradition of collecting money to build and establish idols of goddess Saraswati at the town avenues. People visit the idols and pay homage and regards. People sometimes organize idols cometetions too. The community who establish the best idol wins and is awarded. This adds more fun to the celebration.

Since this day is believes to be very good and auspicious people get married, start new business and start new venture in this day.

There are many temples of Swaraswati across Nepal. In every temple vicinity there is always a small separate temple for Saraswati. It is a tradition of establishing Saraswati and Ganesh in every temple in Nepal. 

Across Kathmandu valley there are three main temples of Goddess Saraswoti. They are Saraswoti Temple in Lele, Saraswoti temple in Swyambhu, Nil Saraswoti temple in Gairidhara. Devotees in Kathmandu valley visit these temples from early morning to late in the evening during the Saraswati Day.

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Saraswati Vandana

या कुंदेंदु तुषारहार धवला, या शुभ्र वस्त्रावृता |
या वीणावर दण्डमंडितकरा, या श्वेतपद्मासना ||
या ब्रह्माच्युतशंकरप्रभ्रृतिभिर्देवै: सदा वन्दिता |
सा मां पातु सरस्वती भगवती नि:शेष्य जाड्यापहा ||

Saraswati Sloka

सरस्वती मया दृष्टा वीणापुस्तकधारिणी
हंसवाहनसंयुक्ता विद्यादानं करोतु मे
प्रथमं भारती नाम द्वितीयञ्च सरस्वती
तृतीयं शारदा देवी चतुर्थ हंसवाहिनी
पञ्चमं तु जगन्माता षष्ठं वागीश्वरी तथा
सप्तमं चैव कौमारी अष्टमं वरदायिनी
नवमं बुद्धिदात्री च दशमं ब्रह्मचारिणी
एकादशं चन्द्रघण्टा द्वादशं भुवनेश्वरी
द्वादशै तानि नामानि त्रिसन्ध्यं य पठेन्नरः
जिव्हाग्रे वसते तस्य ब्रह्मरूपा सरस्वती

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Sloka
 
Ya Kunden tusharahara dhabala Ya subrabastrabita ! 

Ya Veenavara dandmanditakara Ya sweta padhamasana !!

Ya Brahmachyut-shankara-prabrithibhih-devai sadhha vandita !
Saa Maam paatu Saraswati Bhagwati Ni-shyeshya Jaadyaapaha !!

Meaning of Saraswati Vandana

Oh Goddess Saraswati , fair as flower of jasmine or moon or a snow flake,
Whose hands are adorned by veena who is seated in a white lotus, in white dress,

Brahma, Vishnu and Maheshwar always pray and worship whom,
Please protect us, from all the evils.