Vaikuntha Ekadashi is the Shukla paksha Ekadashi that occurs during the Dhanu month in the Hindu calendar (corresponding to late December - January in English calendar).
Vaishnavism (Worship of Vishnu) culture believes that ‘Vaikuntha Dwaram’ or ‘the gate to Lord's Inner Sanctum’ is opened on this day. The Margashirsha shukla paksha ekadashi in lunar calendar is known as a 'Mokshada Ekadashi'. Special prayers, yagnas, discourses and speeches are arranged at Vishnu temples across the world on this auspicious day.
According to the Vishnu Purana, fasting on Vaikuntha Ekadashi is equivalent to fasting on the remaining 23 Ekadashis of the (Hindu) year. However, according to Vaishnava tradition fasting is mandatory on all Ekadashi of both Shukla paksha and Krishna paksha. Fasting on Ekadashi is considered holier than any other religious observation.
Vishnu opened the gate of Vaikuntham (his abode) for two demons in spite of their being against him. They also asked for the boon that whoever listens to their story and sees the image of Vishnu coming out of the door (called Dwar), called Vaikunth Dwar, will reach Vaikunth as well. Temples all over India make a door kind of structure on this day for devotees to walk through.