The prime deity of this temple is Goddess Saraswathi, the God of arts and studies. This temple is the finest example for Chalukya architecture and stands as a prominent temple in Telangana.  There is the legend that many thousand years ago a group of pilgrimages did severe penance in this spot, due to which the place has got many miraculous powers.

Visiting this temple on auspicious days will bring all good luck and prosperity. The temple is an old pilgrimage spot where many pilgrims come to Basara to perform the Akshara abhyasam ceremony for the children before they start formal school education.

Devotees offer books, pens, pencils and notebooks to the goddess to seek her blessing. Basar Saraswati Temple is situated at confluence of River Godavari and River Mangira in Basar. The temple is thronged with devotees during Vasant Panchami and Navratri.