Saraswathi temple, dedicated to Saraswathi (goddess of knowledge and learning) is located 18 kms away from Kottayam town on the way to Changanacherry.Also known as Dakshina Mookambika Temple, it is famous for the Saraswathi pooja held every year in the month of Thulam (September/ October). The annual festival of the temple is also held during this time and the last three days, Durgashtami, Mahanavami and Vijayadashami are considered to be the most sacred for worship.Children are initiated into the world of letters at the Vidhyarambham ceremony held on Vijayadashami day.

Devi Saraswathi does not have a temple structure here in this temple. The idol of the Goddess is beneath a Pond, completely covered over with a green creeper. The creeper never withers. Though devoted to Saraswathi, the main deity in the temple is Lord Mahavishnu. Devotees worship Mahavishnu before worshipping Goddess Saraswathi. Ganapathy, Shiva, Sasthavu and Yakshi are worshipped as sub deities.