Annavaram is at a distance of 72 kms from Rajahmundry, 124km from Visakhapatnam and 498 kms from Hyderabad and it is a sacred pilgrim 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.

One of the most popular temples in Andhra Pradesh, a unique Yantra based on Tripad Vibhuti Narayan Upanishad exists here. The shrine is constructed in two storey, the lower one containing the Yantra and upper one housing vigrahas of the Lord.

It is estimated on an average about one lakh Vratas are performed here every year by couples generally. Marriages, thread marriages (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.