Belongs to the Thiyya community, Palakkunnu Bhagavathy Temple is located 1km north of Trikkannad (about 13 kms from Kasargod) on Kasargod - Kanhangad road. The presiding deity of Goddess Bhagavathy is known by the names Mootha Bhagavathy and Kurumba Bhagavathy. Apart from the Gods and Goddesses like Iliya Bhagavathy, Dhandan, Ghandakarnam, Vishnu Moorthy and Gulikan, several sub deities are also enshrined in the temple. The temple has close connection with the Trikkannad temple.

A large number of festivals are celebrated in the kshetram namely Bharani Maholsavam (March), Maruputhari Festival (December-January), Kalam Kanippu Maholsavam (January) and Poorolsavam (March-April). Of these festivals, Bharani Maholsavam is the most important.