The Payammal temple, 6 km from Vellankallur along the Irinjalakuda-Kodungallur route, is one of the few Sathrughna shrines in the State. The Payammal temple is about seven kilometers from Iringalakuda Koodalmanikya temple in the Iringalakuda Mathilakam route. Sathrughna is considered to be the reincarnation of the Sudarsana Chakra (disc) in the hands of Mahavishnu.

This is the smallest temple among Nalambalams. Of the four idols retrieved from the sea by the fishermen this idol is the smallest. All the other three temples have circular sreekovils but here sreekovil is in rectangular shape.

The idol of Lord Sathrughna is housed in a squarish granite sanctum sanctorum in the Sathrughna temple. The original Panchaloha (Five Metals - Brass, Bronze, Copper, Gold and Silver) has been untraceable though efforts have been made to retrieve it from the temple pond situated in the back yard of the temple complex. The existing idol made of granite exudes a rare kind of divinity. The temple is a heaven of peace and sanctity and a devotee experiences an unique sense of satisfaction after praying in this abode.

There are three main poojas - Usha pooja, Utcha pooja and Athazha pooja - in a day. This temple which opens for darshan at 5.30am in the morning closes the door by 10.30 am after Utcha pooja. The second session starts in the evening at 5.30pm and remains open for darshan for Deeparadhana and Athazha pooja and closes at 7.30 pm. A lamp is lighted behind the Sathrughna idol inside the Sreekovil. It is believed that this lamp or Pinvilakku is for Sruthakeerthi, the wife of Lord Sathrughna. Ganapathy is in the sub deity here. Ganapathi homam is a special offering conducted by the devotees.

Sudarsana Pushpajali and submission of Sudarsana chakram offered at this temple are considered to boost the prosperity of the family members. The five day long temple festival starts at Pooyam star of the month of Kumbha. The Ramayana month is celebrated with gaiety in the month of Karkkidaka.

During the period of Tippu Sultan this temple suffered severe damages. Inorder to protect the idol of Lord Sathrughna from Tipu's army, the temple priests took the panchaloha idol from the sreekovil and hided it in the temple pond. You can see this pond in the western side of the temple. Later this temple was rebuilt by the joint efforts of the local people around the temple. By their initiative the temple festivals poojas and all other rituals restarted. Now it is working as a full fledged temple in all respects.

Nalambalam Yathra ends with the visit to Payammal Sree Sathrughna Temple. People usually visit a temple of Lord Krishna named Elambalakkattu at Edakkulam while going to the Sathrughna temple.