Annavaram is a sacred centre on a hill top known as Ratnagiri. The presiding deity at Annavaram is Veeravenkata Satyanarayana Swamy. It is believed when Vrata is performed in the name of Satyanarayana Swamy by devotees, their wishes will be fulfilled. It is estimated on an average about one lakh Vratas are performed here every year by couples generally. Marriages, thread cermonies (upanayanam) are performed in large number. Chief festival days are Bhishma Ekadasi (Jan/Feb) and Kalyanotsavam, Vysakha Ekadasi (Apr/May) are important. It is situated on the banks of river Pampa about 3 km. from Annavaram