Privacy Policy
INDIAMONEYMART | PRIVACY POLICY
1. Introduction
Welcome to IndiaMoneyMart. Your privacy is important to us. www.indiamoneymart.com is a Platform run by Fair Vinimay Services Private Limited (“Company”). This Privacy Policy governs the use of the website www.indiamoneymart.com (“Website”) and Platform. IndiaMoneyMart urges you to review the information provided in this Privacy Policy.
2. Scope
2.1. This Privacy Policy covers the manner and purpose of collection, use, disclosure, transfer and storage of your Personal Information (defined below) by IndiaMoneyMart, which is more particularly described below. By using this Platform, you hereby accept the practices described in this Privacy Policy. By using this Platform, you also grant explicit consent to the use of your Personal Information by IndiaMoneyMart in accordance with the terms set out in this Privacy Policy.
2.2 You may be able to access third party websites directly from this Website. This Privacy Policy does not apply when you access third party websites. We cannot control how third parties may use Personal Information you disclose to them, hence we recommend that you carefully review the privacy policy of any third party website you visit before using it or disclosing your Personal Information to its provider.
2.3. We may modify or amend the Privacy Policy from time to time. We shall notify you of any material changes by sending you an email, posting a notice on the home page of the website, or posting a notice in your account when you first login after we have made changes. Subsequent to the modifications in the Privacy Policy, your continued use of this Platform and our services shall mean that you have accepted the modified Privacy Policy and you shall be bound by the practices in the updated Privacy Policy as and when you use this Platform. If you have any questions or comments regarding this Privacy Policy, please contact us at [email protected].
3. Collection of Personal Information
3.1. For the purpose of this Privacy Policy, the term “Personal Information” shall mean your name, address, mailing address, mobile number, email ID, PAN Number, Aadhar Number, passport details, driving license details, income tax returns details, bank account number, personal statement of your credit card or debit card or other payment instruments, reasons for seeking finance, salary slip, credit information report, income sources and such other financial information that the Company deems necessary for the purpose of providing its services to you including but not limited to KYC (Know your Customer) verification and authentication of identity, location & income documents and assessing the credit worthiness of the borrowers.
3.2 We collect Personal Information from you when you create an account on the Platform, either as a lender or borrower. The information on the website is accessible to some extent, but to take part in the services offered, registration is mandatory, which enables you to participate. During registration, the Personal Information collected will be used for the purpose stated therein.
4. Use of Personal Information
4.1. The Personal Information collected shall be used for the following:
• primarily for providing the requested services;
• for carrying on day-to-day operations, i.e. for processing the transactions, maintaining the accounts, responding to legal investigation, providing customer support and services;
• sharing with the other members of the Platform on a need to know basis and only for the purpose of entering into the contemplated transactions facilitated through our Platform;
• sharing with third-party contractors which have dealings with IndiaMoneyMart;
4.2. IndiaMoneyMart may use and analyse the Personal Information for trends and statistics to improve the services offered on the Website. Such trends and statistics may be shared with marketing agencies to plan and introduce new product offerings and services to improve user experience on the Platform. The information shared to marketing agencies cannot be used to identify the customers of IndiaMoneyMart but will be generic in nature such that the confidentiality of the Personal Information is maintained.
4.3. We shall protect your Personal Information from unauthorized access and use. We use security measures in its implementation by adopting advanced practices prevailing from time to time. We may use third party service providers for carrying out the transaction, which includes verification services, credit score verification from Credit Information Companies, payment services, legal due diligence services or legal processes involved who shall also maintain confidentiality of the Personal Information as per the prescribed measures. In addition, we may disclose information to the extent necessary to Government agencies, Reserve Bank of India, Credit Information Companies, as may be required to comply with guidelines applicable to us from time to time. We have adequate safeguards to ensure that the Personal Information shall not be subject to unauthorized use and we have an Outsourcing Policy in place, wherein the measures of securing confidentiality of customers are enlisted and adhered to.
4.4. Upon acceptance of these terms and conditions, you hereby grant an unequivocal and explicit consent to share your Personal Information with third parties subject to the terms mentioned in this section.
5. Sharing of Personal Information
5.1 Disclosure to Successors: We may disclose and/or transfer your Personal Information to an acquirer, assignee or other successor entity in connection with a sale, merger, acquisition or reorganization of all or substantially all of the business or assets of IndiaMoneyMart. You will be notified via email or by a notice on our website of any such change in ownership or control of your Personal Information.
5.2. Disclosure to Third Party Service Providers and Online Partners: We may contract with various third parties who help us provide, maintain and improve the Website and the IndiaMoneyMart services. IndiaMoneyMart may engage third party service providers for verification of KYC data, physical verification, collection of documents, Payments, Collection and recovery services. IndiaMoneyMart shall ensure that the third parties and online partners refrain from disclosing your Personal Information (by following the safeguards already mentioned in this Privacy Policy and the Outsourcing Policy), except for the purpose of providing the services in question. In no circumstances, IndiaMoneyMart shall disclose data in relation to your financial status, income statements, earnings, source of earnings, personal identification numbers, passwords, code numbers, bank account numbers, expiry dates relationship numbers, encryptions, cookies and other such electronic details. IndiaMoneyMart shall be responsible to keep your Personal Information confidential and secure. IndiaMoneyMart will not share the Personal Information with any third party without your explicit consent. In cases, where any such third party service provider must have access to your personal information for performance of its services, IndiaMoneymart will require such service providers to maintain confidentiality restrictions as outlined in this Privacy Policy and the Outsourcing Policy.
5.3. Disclosure to Investors: We will disclose your data to investors registered with us. We may access your financial and credit information for credit assessment and risk profiling and disclose the same to any investors for taking an informed decision to lend on our platform. Any such disclosure of data requires the investors to follow confidentiality & protection measures and not use data in any manner other than as provided in this Privacy Policy and terms and conditions.
5.4. Disclosures to facilitate payments: IndiaMoneyMart may direct you to a payment gateway service or any other payment service provider to facilitate payments to process your transactions. Such Payment gateway may have access to the personal information provided by you in order to effect the payments. IndiaMoneyMart will have no access to such information.
5.5. Internet Advertising: We may use third party service providers to serve ads on our behalf across the internet and sometimes on the Website. They may collect information on a ‘no name’ basis about your visits to our Website, and record customer experiences with our products and services. They may also use such information to target advertisements for goods and services. This anonymous information is collected through the use of a web beacon, which is an industry standard technology used by major websites.
5.6. Disclosure to Credit Information Bureaus & Reserve Bank of India: To comply with the regulatory requirements, IndiaMoneyMart may share the Personal Information and/or other data of a user with the Credit Information Bureaus, Reserve Bank of India and/or any other regulatory authority in accordance with applicable laws.
6. Data Usage of Cookies & Others
Cookies: This is information stored by your browser on your computer when allowed. The use of cookies on our Website is similar to other online marketplaces. These are used to enhance your experience with our Website. We use cookies to help us identify who you are, so your login experience is smooth each time. Cookies also allow us to collect Non-personally identifiable information from you, like the pages you visited and what links you clicked on. Use of this information helps us to create a more user-friendly experience for all visitors. In addition, we may use Third Party Advertising Companies to display advertisements on our Website. Most browsers automatically accept cookies, but you may be able to modify your browser settings to decline cookies. Please note that if you decline or delete these cookies, some parts of the Website may not work properly.
7. Changes to Personal Information
You can obtain a copy of and request that we correct errors in your Personal Information by emailing us at [email protected] your protection, you will be required to provide proof of your identity to obtain a copy of your Personal Information. If any of your Personal Information changes or if you no longer want to use the IndiaMoneyMart services, you may correct, update or deactivate your account through the account management screen. If you would like to deactivate or terminate your account you can also contact [email protected]. If you choose to deactivate your account with IndiaMoneyMart, we will ensure that your Personal Information is no longer retained by us. Should you wish to reactivate your account, you will be required to re-enter all the Personal Information sought by us to provide our services to you and such collection of information will be subject to our Privacy Policy, which may be amended from time to time as set out therein.
8. Security of information
8.1. We take appropriate precautions to protect the security of personal identity details. You can access your personal identity details on our website through your login and password, once your registration process and our verification processes complete. We recommend that you do not share your password with anyone. In addition, your personal details are stored on a secure server that only selected personnel and contractors have access to. We encrypt certain sensitive information using Secure Socket Layer (SSL) technology to ensure that your personal details are safe as it is transmitted to us.
8.2. However, you hereby accept that no data transmission over the Internet can be guaranteed to be completely secure.
8.3. At www.indiamoneymart.com, we keep adequate safeguards in our IT systems to ensure that it is protected against unauthorised access, alteration, destruction, disclosure or dissemination of records and data. We are committed to ensuring that your information is secure. In order to prevent unauthorised access or disclosure, we have put in place suitable physical, electronic and managerial procedures to safeguard and secure the information we collect online.
9. Opt-Out
9.1. We provide you the opportunity to opt-out of having your Personal Information used for certain purposes. If you no longer wish to receive our newsletters and promotional communications, you may opt-out of receiving them by following the instructions included in each newsletter or communication or by emailing us at [email protected]. We also offer you an opportunity to opt-out of certain communications through the account management screen. If you need assistance you may contact us at [email protected].
9.2. If we disclose your Personal Information to a third party in a manner that is not set forth in this Privacy Policy, you will be notified so that you can make an informed choice about sharing your Personal Information with that third party.
10. Grievance Officer
In accordance with the Information Technology Act, 2000 and Rules made thereunder, the name and contact details of the Grievance Officer are provided below:
Name of Grievance Officer: Ms. Manjiri Pangerkar
1014. The Summit Business Bay,
Andheri East, Mumbai - 400093. India
Email : [email protected]
