This temple is oldest existing structure in Bikaner. The beautiful temple was erected near Laxminath temple in 1514A.D. by two brothers Bhandeshwar and Sandheswar and named after them. This marvel piece of architecture is dedicated to 23rd teerthankar "PARSVANATH JI".The seth was very particular about every penny in his personal life but when it came to religious point he ordered hundreds of maunds of Ghee (Clarified Butter) and coconuts to be freely used in the foundation.
This temple is Carved in red sand stone and white marble - its famous for carvings ,wall paintings , structural beauty and artisticly designed statues. The rich mirror work, decor and frescoes of Bhandashah: and their gold leaf paintings are noteworthy.