Yes. There is a small trek and there are tea stalls and maggie stalls near the waterfall. You can sit with your legs in the water and have tea. it's a very good experience. there is a lot of unexplored hike above the waterfall.
Popularly called as Neer Gaddu located near Lakshman jhula, this falls is a cascade making it one must visit spot of Rishikesh. Though best time to visit is after the monsoons are over, where you can see abundant water flowing, this falls is much open all through the year.
The fall is popularly known as Neer Gaddu. Yes it is open for Travellers . One Tip if you.are planning to visit the fall ... Try to go to the top . You will enjoy it the most as there would be less people.