Bikshalaya is located about 20 km from Mantralayam and is also known as Bichali in the local language. It is famous as the place where Sri Appanacharya lived for the most part of his life. Sri Appanacharya was an ardent devotee as well as a student of Guru Raghavendra Swamy. It is also a known fact that Guru Raghavendra Swamy lived at Bikshalaya with Sri Appanacharya for 13 years.
Bikshalaya is located amidst scenic beauty right on the banks of river Tungabhadra and hence, the place enjoys lush greenery and a peaceful environment. Many people today come to the place to get away from the hustle and bustle of city life. The place offers them a calm and peaceful ambiance to meditate and to get in touch with their inner selves.
Bikshalaya has also become a favourite spot with tourists and locals come here on picnics to spend precious moments with their families and loved ones.