Maha Lakshmi Temple is dedicated to the great goddess Lakshmi. Situated outside the Lakshmi Darwaza close to Laskmi Tal, the splendid shrine was built in the 18th century by Raghunath Rao (II) Newalkar, who was appointed the subedar of Jhansi consequent to the demise of his predecessor Vishwas Rao Laksman in 1769. The Hindu rulers and the general public of Jhansi were ardent devotees of Goddess Maha Lasksmi.
The name of the temple has nothing to do with Rani Lakshmi Bai as it was built long before she was married to Raja Gangadhar Rao.
The exquisitely crafted ancient temple, which has been a witness to all the historical upheavals since the time it was built, is a favourite destination of not only the devotees of Goddess Lakshmi but also the historians and tourists who visit it in large numbers throughout the year. The temple draws huge crowds during the festival times especially Diwali when people perform Laksmi Puja to invoke the goddess of wealth for her blessings.