The Hayagriva Madhava Temple is the most popular and most visited temples not only of Hajo but also of the region. The temple is dedicated to Lord Vishnu, and it is believed that the idol of the Hayagriva Madhava Temple resembles the idol of Lord Jagannath in Puri.
It is also believed that on this site, Lord Buddha attained Nirvana. Thus, the Hayagriva Madhava Temple sees many Buddhists along with Hindus visiting the temple every year. The major attraction of the temple is the Holi festival celebrated in the month of March. Devotees and tourists throng the temple during the Holi festival. The other festivals which are celebrated with equal aplomb are Bihu and Janmashtami.
Though it cannot be rightly said which year the temple was constructed, evidences show that in the year 1543 the Koch king Raghudev had reconstructed it after Muslims destroyed the old structure.