The main objective for a watermarking technique is to attain imperceptibility, robustness and security against various malicious attacks applied by illicit users. To fulfil these basic requirements for a scheme is a big issue of concern. So, in this paper, a new image watermarking method is proposed which utilizes properties of homomorphic transform, Redundant Discrete Wavelet Transform (RDWT), Arnold Transform (AT) along with Singular Value Decomposition (SVD) to attain these required properties. RDWT is performed on host image to achieve LL subband. This LL subband image is further decomposed into illumination and reflectance components by homomorphic transform. In order to strengthen security of proposed scheme, AT is used to scramble wa...