WE AT MYMONEY DEEPLY VALUE THE USER’S TRUST & RESPECT THEIR PRIVACY.
“Personal Information” of a person means any information that relates to a natural person, which, either directly or indirectly, in combination with other information available or likely to be available with Us, is capable of identifying such person and includes, (wherever appropriate and/or mandated under applicable laws) personal information categorized as sensitive personal data or information under the Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011 as below:
financial information such as Bank account or credit card or debit card or other payment instrument details;
physical, physiological and mental health condition;
medical records and history;
any detail relating to the above clauses as provided to body corporate for providing service; and
any of the information received under above clauses by body corporate for processing, stored or processed under lawful contract or otherwise.
Sensitive personal data or information that is freely available, accessible in the public domain, or available under the Right to Information Act 2005, is excluded from the scope of this definition.
We handle data in Our own right and for and on behalf of the Users.
If, at any time, a User provides data or other information about someone other than himself, herself or itself, the User warrants that it has that person’s consent to provide such information for the purpose specified.
We collect information from and about the web-connected devices the User uses (“Device”) that integrates with our App. By accessing and using the App, the User hereby authorize the App with:
Permission to access the Device’s camera
The App allows the User to scan and upload images/documents with optical character recognition in order to enhance the user experience, instead of requiring the User to manually enter the data or information required to avail the App services. To facilitate the provision of these services by Us to the User, the App requires one-time access to the Device’s camera. User consents to the access of the Device camera for the facilitation of products/services provided through the App.
Permission to store on the Device:
The App allows the User to store reports, images, pdfs etc. that are generated from the App on the User’s Device, for the purpose of offline viewing. To facilitate the provision of these services to the User, the App may store information locally on the Device of the User. User consents to the local storage of information on the Device of the User for the provision of the products/services through the App.
Permission to access Device location:
As a security measure and means to tackle fraud, the App accesses the User’s Device location to validate banking transactions initiated using the App. To facilitate the provision of these services to the User, the App may access the User’s Device location. User consents to the access of the Device location for the facilitation of products/services by MyMoney through the App.
In order to provide access to the App, We automatically track and collect information such as IP addresses, Domain servers and other information with respect to the User’s Device, interaction of the User’s Device with the App and its applications(“Traffic Data”).
When the User uses the App, We collect and store the User’s Personal Information which is provided by the User from time to time. This allows Us to provide services and features that most likely meet the User’s needs, and to customize the App to meet the User’s requirements and make the experience safer and easier. We collect Personal Information from the User that We consider necessary for achieving this purpose.
We respect the privacy of the Users and is committed to protect such privacy as detailed herein. User may encounter "Cookies" or other similar device on the web page. These are data collection devices to help analyze Our web flow and measure promotional effectiveness. "Cookies" are small files placed on the User’s hard drive that assist Us in providing services to the User and giving information targeted to the User’s interests. Most cookies are session cookies, meaning that they are automatically deleted from the User’s hard drive at the end of a session. User is always free to decline a cookie if their browser permits but this may limit their usage and experience on the App.
Once the User creates an account (register) on the App and gives Personal Information, the User is not anonymous to Us. Wherever possible, We indicate which information fields are required and which information fields are optional. If the User is unable to provide the information We need, We may not be able to provide the User with the product or service they may have requested.
Information that We collect from the User would include:In order to determine the User’s eligibility and enable the products/services offered on the App, We collect and process certain categories of Personal Information belonging to the User, including the following:
Personal information like date of birth, age, marital status, birthplace, nationality, mother tongue.
Contact information (e.g., name, address, telephone, and email address).
Government-issued identifiers, including PAN.
Financial information, including bank account details, billing information, and tax information (as applicable); and
Photographs and signature copies.
Information which would help determine the User’s eligibility to avail the services offered on the App.
Any other information that We may require to collect as per specific mandate from any bank, NBFC or as a requirement under applicable law, regulation, rule or statute in India.
In addition to above, for the mobile version of the App, We may collect any other authorization or information that enables Us to provide a smooth mobile experience, including but not limited to: SMS access for auto OTP verification, camera/gallery/contacts access and any other permissions required to enable certain functionalities within the mobile application.
INFORMATION SHARING AND DISCLOSURE TO THIRD PARTIES
We offer the App services as a technology aggregator. In view of this, disclosure of the User’s Personal Information may be required by Us to provide the User access to Our services, to comply with Our legal obligations, or to prevent, detect, mitigate, and investigate fraudulent or illegal activities related to Our services. We do not disclose the User’s Personal Information to third parties except in accordance with the terms contained herein. We may disclose Personal Information if required to do so by law or in good faith belief that such disclosure is reasonably necessary to respond to subpoenas, court orders, or other legal process.
PURPOSE OF COLLECTION AND USAGE OF PERSONAL INFORMATION
User’s Personal Information is particularly pertinent for identity verification and to authenticate the User’s submissions made on the App. We may use the User’s Personal Information (except financial information) to ascertain the other services more relevant to the Users interests and needs, to determine the statistical analysis of the characteristics, behaviors and demographics of the Users, solely for the promotion of Our business activities and services. We may use the User’s Personal Information to communicate with respect to the services obtained by them or any other services that may be of interest to the User. We may further use the User’s Personal Information for business and research purposes, including improving and customizing the App for their ease of use of the App and the services thereto. We may also use the User’s Personal Information in an aggregated and anonymized manner to receive feedback on the App and responses on the usage of the services.
We will retain the User’s information for as long as the User’s account is active or as needed to provide the App services. We shall retain and use the information collected by Us as necessary to comply with legal obligations, to resolve disputes or for other business purposes. If the User cancels/ deactivates/ unsubscribes their account with Us, We are not under any obligation to retain the User information. Without prejudice, We may retain the User information for a period of twelve (12) months after cancellation/ deactivation/ unsubscribing of the User account with Us to ensure compliance with applicable laws.
User should be mindful of all security risks, including possible third-party interception of any of the User’s transactions and statements of account on the internet and the content of the User’s transactions or statements of account becoming known to third parties. User agrees and undertake that they shall not hold Us liable therefore in any way. The use and storage of any information, including without limitation, the credit card number, PIN, password, account information, transaction activity, account balances and any other information available or stored on the User’s Device is at their own risk and responsibility. User furthermore acknowledge and accept that We may not encrypt all content or communications from and to the User website(s).
USER RIGHTS IN RELATION TO SENSITIVE PERSONAL DATA OR INFORMATION COLLECTED BY US
User may write to us at firstname.lastname@example.org to access, review, modify or correct their sensitive personal data or information or withdraw their consent to provide sensitive personal data or information. We are not responsible for the authenticity of the information provided by the User.
User agrees and acknowledges that their right to access, modify and/or withdrawing consent to provide sensitive personal data or information as mentioned above may be denied or limited by Us, as may be required under any applicable law, law enforcement requests or under any judicial proceedings.
LINKS TO OTHER SITES
Links to third-party advertisements, third-party websites or any third-party electronic communication service which are operated by third parties may be provided on the App. Such links may not be controlled by, or affiliated to, or associated with Us, unless otherwise expressly specified on the App.
User hereby agrees that the application and copies of all documents submitted by the User is and shall remain Our sole and exclusive property and/or Our service providers / partners / banks and financial institutions (“Business Partners”) with whom We have partnered with in provision of the services on the App, and We and/or Our Business Partners shall not be obliged to return the same to the User upon request. Any unauthorized access to the App is a breach of these terms and a violation of the law. User agree not to access the App by any means other than through the interface that is provided by Us.
is clear and easily accessible and provide statements of policies and practices with respect to information security;
provides for the various types of personal or sensitive personal data of information to be collected;
provides for the purposes of collection and usage of the information;
provides for disclosure of information; and
provides for reasonable security practices and procedures.
IIFL House, Sun Infotech Park, Road No.16V,
Plot No. B23, Thane Industrial Area,
Thane, Maharashtra – 400604, India
GOVERNING LAW, JURISDICTION AND DISPUTES