The Mahalaxmi temple is situated 4 kms. to the north from Ponda in the village of Bandora. Under the Portuguese rule,Portuguese relations with Hindus were sour. So in order to be grateful, Hindus built here a temple of Goddess "Mahalaxmi” as she is referred to as goddess of peace. Hindus describes Mahalaxmi is a form of Mother of all Universes, who raised three super powers Brahma the creator, Vishnu the preserver and Shiva the destroyer.

The temple has a silver arched doorway with a pillared hall. The Goddess is considered a peaceful or Satvik form of the goddess. The main idol of the Goddess Mahalaxmi is also taken out during the festival of Mahashivratri,on a chariot carried on the shoulders of devotees.