| Palakkad Railway Colony | |
| Other Name: | Hemambika Nagar Railway Colony |
| Settlement Type: | Residential Area/Suburb |
| Pushpin Map: | India Kerala#India |
| Pushpin Label Position: | right |
| Pushpin Map Caption: | Location in Kerala, India |
| Coordinates: | 10.8167°N 115°W |
| Subdivision Type: | Country |
| Subdivision Name: |  India |
| Subdivision Type1: | State |
| Subdivision Name1: | Kerala |
| Subdivision Type2: | District |
| Subdivision Name2: | Palakkad |
| Governing Body: | Puthuppariyaram Panchayat |
| Unit Pref: | Metric |
| Demographics Type1: | Languages |
| Demographics1 Title1: | Official |
| Demographics1 Info1: | Malayalam, English |
| Timezone1: | IST |
| Utc Offset1: | +5:30 |
| Postal Code Type: | PIN |
| Postal Code: | 678 009 |
| Area Code Type: | Telephone code |
| Area Code: | 0491 |
| Registration Plate: | KL-09 |
| Blank1 Name Sec1: | Civic agency |
| Blank3 Name Sec1: | Parliament constituency |
| Blank3 Info Sec1: | Palakkad |
| Blank4 Name Sec1: | Assembly constituency |
| Blank4 Info Sec1: | Malampuzha |
Palakkad Railway Colony, or Hemambika Nagar Railway Colony, is a residential colony of the employees of the Palakkad Railway Division of the Southern Railway zone. It is situated in Hemambika Nagar, one of the suburbs of the city, located about 9 km from the centre of the city. It is one of the colonies which are maintained and are under Southern Railway.The railway colony was managed like a gated community which was self sustaining with modern infrastructure of that time period. Within the colony precinct, Railway hospital, Railway high school, sports stadiums, indoor sporting facilities, Nursery schools, Auditorium for Arts Performance, condiment stores, Power back up generators, Water supply network and so on are present. Residents did not have to rely on state government support for many amenities. The only school in Kerala under Southern Railway, Railway High School Palakkad is located inside the colony.
There are city buses connecting railway colony with other parts.These bus service starts from Stadium Bus Stand.