Olavakkode is a region in Palakkad city, Kerala, India. It is composed of two main areas: the Kavilpad and the Railway Colony. Olavakkode is located 4 km from Palakkad city and lies on National Highway 966. It is one of the major suburbs of Palakkad city as Palakkad Junction railway station one of the major stations of the city is located there.
During the 2010s many residential developments were built in this area. National Highway 966 connects Palakkad with Kozhikode. Facilities like banks (including Sunday banking by one of the premier banks), ATMs, shopping places, lodges, hotels, hospitals, dental outlets, and marriage halls are available.