The tank is enclosed within a masonry embankment made of both dressed sandstone and laterite blocks.

According to the local legend goddess Parvati while engaged in her fight with the demons Kirtti and Basa lost her ear rings that were studded with gem (mani).

After killing the demons Parvati told lord Siva about the earrings (mani-kundala) which she lost.

Lord Siva with his trident struck upon the earth on the Kapila Kunda, from where the ear-rings were recovered.

Every day Lord Kapilesvara is given ritual bath with the waters of Manikarnika tank.