Entertainment at the celebrations includes traditional dance performances, Bollywood songs and Bhangra. There will also be a dedicated Kids Zone with face paintings, cartoon shows, mask-making, games, competitions and a music and dance workshop to keep youngsters enthralled.
Families celebrating Diwali traditionally light candles and enjoy firework displays and more than 8,000 people are expected to attend the celebration. The Lord Mayor of Birmingham and other dignitaries will also be there on the day.
A spokesman from the Hindu Council of Birmingham, which has organised the event, says: "Hindus all over the world have been celebrating Diwali and the Hindu New Year for thousands of years. This year's Diwali celebration in Birmingham promises to be one of the best and largest celebrations in the country."
He adds: "New Bingley Hall will be transformed into a vibrant and colourful arena."
Candles are used to celebrate Diwali, the Hindu Festival of Lights.
There will also be stalls selling arts and crafts and toys through the day plus an array of vegetarian Indian food for sale.
Money raised from the event will be donated to local and national charities including Acorns Children's Hospice, which offers a network of care for life limited and life threatened children and young people, and their families, across the heart of England, and SEWA UK, which gives relief and rehabilitation following a disaster along with support for projects that cater for people with disabilities.
Diwali Celebrations New Bingley Hall 1 Hockley Circus Birmingham Sunday 8th November - Midday to 6:30pm
The event is free.