SVCF – PRIVACY SUMMARY
This Privacy Policy describes how Sree Visalam Chit Fund Limited (“we”, “us”, or “our”) collects, uses and protects your personal information through our mobile application (the “SVCF Ltd”)
Information We Collect
We collect the following types of information through the App:
Personal Information
This includes information that can be used to identify you, such as your name, phone number, email address, date of birth, residential address, government-issued identification number (e.g., Aadhaar number), bank account details (in case of online payments), and chit subscription details.
Device Information
This includes information about your mobile device, such as its model, operating system, unique identifier, and location.
Usage Data
This includes information and compliance with Google’s User Data policy, we outline our practices related to the collection, use, and protection of user data below.
Collection of User Data
Our mobile application collects the following types of personal and sensitive user data:
Personal Identification Information
Including but not limited to names, addresses, phone numbers, and email addresses. This
information is collected to create and manage user accounts, facilitate chit fund transactions, and
communicate with users regarding their transactions and our services.
Financial Information
Details related to chit fund transactions, including amounts collected, payment methods, and
transaction dates. This information is essential for processing transactions and providing our services.
Device and Usage Information
We may collect information about how the application is accessed and used. This may include
information such as your device’s Internet Protocol address (e.g., IP address), browser type, browser
version, our Service pages that you visit, the time and date of your visit, the time spent on those
pages, unique device identifiers and other diagnostic data.
Use of User Data
User data collected through our mobile application is used for the following purposes:
To provide and maintain our service, including to monitor the usage of our service.
To manage user accounts and facilitate chit fund transactions.
To communicate with users about their accounts, transactions, and any changes to our services or
policies.
To improve and personalize the user experience.
Protection of User Data
Sree Visalam Chit Fund Limited is committed to protecting the privacy and security of user data. We
implement a variety of security measures to maintain the safety of your personal information,
including-
Encryption of data in transit and at rest.
Regularly updating and auditing our security practices and technologies.
Limiting access to personal information to authorized employees and third parties that need to know
that information in order to process it on our behalf, and who are subject to strict contractual
confidentiality obligations.
Sharing of User Data
We do not sell, trade, or otherwise transfer to outside parties your Personally Identifiable
Information except to provide products or services you have requested, with your consent, or as
described in this Privacy Policy.
Consent and Control
By using our mobile application, users consent to the collection and use of their data as described in
this policy. Users can review, update, or delete their personal information by contacting us directly.
How We Use Your Information
We use your information for the following purposes:
To facilitate chit collection management
This includes processing your payments, updating your chit account details, sending collection reminders, and resolving any related issues.
To improve the App. and our services
We use your usage data to analyse how users interact with the App and identify areas for improvement.
To communicate with you
We may use your contact information to send you important updates, promotional offers, and other relevant information.
To comply with legal requirements
We may be required to disclose your information to comply with applicable laws and regulations.
Sharing Your Information
We may share your information with the following third parties:
Government Authorities
We may be required to disclose your information to government authorities as required by law.
Service Providers
We may engage third-party service providers to help us operate the App and provide our services. These service providers will only have access to your information as needed to perform their services.
Data Security
We take reasonable security measures to protect your information from unauthorized access, disclosure, alteration, or destruction. However, no data transmission over the internet is completely secure. Therefore, we cannot guarantee the security of your information.
Your Choices
You have the following choices regarding your information:
Access
You can request access to your personal information that we hold.
Correction
You can request us to correct any inaccurate information we hold about you.
Deletion
You can request us to delete your personal information.
Opt-out
You can opt out of receiving marketing communications from us.
Contact Us
If you have any questions about this Privacy Policy, please contact us at adminoffice@sreevisalam.com
Effective Date
This Privacy Policy is effective as of 01-01-2024. We may update this Privacy Policy from time to time. We will post any changes on this page and, if the changes are significant, we will provide you with additional notice.