With high medicinal value, Banyan is often used as a herb to treat and cure number of diseases. The juice of the Banyan yields an inferior rubber. From the bark and young hanging roots a coarse fibre is obtained which is used for rope-making.
The tree may be propagated from seeds. The seeds should be sown as soon as they ripen. Naturally, the fruits are eaten by birds and mammals. Hence you will always find the tree loaded with variety of birds and mammals like squirrels, bats etc. The seeds are dispersed by birds and studies have shown that seeds that pass through the digestive system of the bird are more likely to germinate as well as sprout earlier. It often starts life in the same way as the Peepal, as an epiphyte.
It is a very beautiful tree, especially when the bright orange-red colored fruits appear. As the canopy gives nice shade, its shade was a usual meeting place for baniyas, Indian merchants in ancient times. Thus the tree got its name, Banyan. Traditionally it was found almost ubiquitously on roads and in village centres, the latter very useful for any formal or informal gathering to be conducted in a cool place or even for any poor person or a travelers to sleep under. The respect for this and other trees of this nature is thus linked both to the use and the worship as sacred. Banyan is also the National tree of India .
Another similar species of Ficus, the Cluster Fig (Ficus Racemosa/उंबर, औदुंबर, गुलर) is also a sacred, fast-growing tree, favourite of Lord Dattatreya. According to Vedas, the tree is given prominence as a means for acquiring prosperity and vanquishing foes. Unlike the Banyan, it has no aerial roots.
In Ayurveda, Cluster Fig is supposed to cure more than 50 diseases. Like Banyan, it also is loaded with birds and mammals. The leaves are used as fodder.
Both of these trees were abundant in India a decade ago, ideal for road-side plantations. But nowadays, these sacred trees are being cut in the name of Urban Development and Road Widening. They are not even preferred near houses & societies as WE do not want the 'garbage' (fallen fruits & leaves) they create in good amount. But the fact is, their discard actually fertilizes and impregnates the soil, returning all the essential nutrients to it. Furthermore, they harbor great amount of wildlife, making it a must plantation species!