Single crystals of a novel compound, diammonium tetrachlorocobaltate(II) monohydrate, were grown by slow evaporation method at room temperature. The crystals belong to a class of compounds that show interesting properties like ferroelectricity at low temperatures. The grown crystals were characterised through powder XRD, thermogravimetric (TG-DTA), low temperature differential scanning calorimetric (DSC) analyses and FTIR spectroscopy. While the powder XRD pattern of the compound confirms its crystallinity, the TG-DTA studies confirm the stoichiometry of the compound. The thermal anomalies observed in DSC curve at -4°C and -39.1°C in the cooling cycle indicate a first order phase transition. The FTIR spectrum of the compound characterizes the various chemical bonding and water of crystallization. Further investigation of the low temperature properties of the compound is under progress.