The temple of Sri Ramnath is located near Bandode Village, in a valley at a distance of 4 km from Ponda. As per the legends, after slaying Ravana, Lord Rama installed a Shiva Lingam on these shores for cleansing his act. The earlier location of the shrine was at Loutolim, a settlement founded by Gaud Saraswat Brahmins when they arrived in Goa from northern India. The deity of Sri Ramnath Temple was shifted to Bandode Village when the Portuguese began ruining Hindu temples. At that time, Bandode Village was under the rule of the sultan of Bijapur. While the presiding deity of this temple is Lord Shiva, there are other deities in this temple as well, like Lord Lakshmi - Narayan, Goddess Kamakshi, Shri Santeri and Shri Sidhanath. Like many other temples of Goa, the premises of the temple houses a five-storied 'Deepstambha', which is carved with images of Hindu Gods. The sanctum is embellished with several chandeliers and lanterns. Every year, a festival and Jatra is celebrated here in which, the idol is taken around to the temple in a palanquin parade.