There is a holiday coming up where sisters give their brothers bracelets for good luck.

Question

What is this holiday called? What does it involve?

Answer 1

It is called raksha Bandhan or Rakhi for short.

and its not a holiday its a festival. you get a day off to celebrate this occasion.

It has a lot of historical and religious reasons behind it. Google it or wikepedia it for more information.

It involves gals tying a thread on their brothers wrist asking showing their love and asking for more love in return and a promise for security.

Brother as a token give some gift to their sisters which is an assurance that they promise to look after and safe gaurd them.