The Banyan tree is thought to represent the three gods Lord Vishnu, Lord Shiva, and Lord Brahma. Most often, childless couples adore banyan trees, which shouldn't be taken down. The majority of Hindu communities associate this tree with fertility and life. 

Lord Shiva is seen as Dakshinamurti or the one who faces south, which is regarded as the direction of change and death. In iconography, he is usually depicted sitting under a Banyan tree, the embodiment of universal soul. He faces the terror of change and death and looks unafraid because he possess all the knowledge in the world. At his feet are the recipients of his knowledge. This is usually depicted on the south-facing wall of the temple.

This tree is also highly regarded in Buddhism as it is believed that Gautam Buddha sat under this tree for seven days after he attained enlightenment to absorb his new-found realization.

It is a representation of endurance, wisdom from the past, and longevity in Hinduism. It is a symbol of purity in Jainism. The banyan tree was considered sacred and greatly valued in early Buddhism. The oldest banyan tree that is still alive may be found at Gobardhan, Jaipur, Rajasthan. It has a canopy that covers more than 50 acres, and the current tree is a descendent of a banyan that Adi Sankara planted about 1000 years ago. In Indian culture, the banyan is a sacred plant that is primarily venerated in North India.