The pipal tree was planted during the Dwapara Yuga by Sage Maitreya. The worship of the Peepal tree was taken over by Vidura during his time. And the temple got the name
The temple is dedicated to Brahma, Vishnu and Shiva. Apart from this the temple is also noted for numerous murtis of Nagas.
The pipal tree is believed to one of the oldest trees in the world and is known here as Shri Ashwathanarayana Swami. People believe that prayers offered to the tree are answered.