Privacy Policy

This Privacy Policy is issued by PayoutKart (hereinafter referred to as the "Company" or "PayoutKart"), which, unless otherwise stated, includes its directors, employees, and associates. This Privacy Policy outlines the Company's data collection, usage, disclosure, and protection practices concerning users (hereinafter referred to as "Users") who visit, register, and engage with the PayoutKart website (hereinafter referred to as the "Website") and avail of financial products offered by the Company.

This Privacy Policy has been published in compliance with the Information Technology Act, 2000 ("IT Act"), the Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011 ("IT Rules"), and other applicable laws. This document provides transparency regarding the information collected from Users, its purpose, disclosure mechanisms, security protocols, grievance redressal, and related policies.

Information Collection and Usage

PayoutKart collects and processes the following categories of information from Users:

Personal Information

• Full Name
• Address (as per Aadhaar)
• Mobile Number
• Email Address
• Aadhaar Number (for KYC compliance)
• PAN Number (for KYC compliance)
• Educational Qualifications (for verification purposes)

Device and Usage Information

• Location access (to enable Website functionalities)
• Biometric data (face scan, fingerprint scan) and screen-lock authentication for secure access
• Camera access (for capturing images for profile or verification purposes)
• Photo gallery access (for uploading profile pictures)

Communication Permissions

• WhatsApp access for notifications, product updates, and lead-sharing
• SMS permissions for promotional and transactional messages
• Contact access for referrals and adding new users

Transaction Information

• Credit score data obtained from partnered Credit bureau
• Transaction history for audit and compliance purposes

Additional Information

• Pincode (for location-based services and product registration)

Purpose of Information Collection

The Company collects and utilizes User information for the following purposes:

1. Facilitating User access to the Website and its services.
2. Processing transactions and generating reports.
3. Conducting research and analytics to enhance products and services.
4. Verifying User identity for regulatory and security compliance.
5. Providing updates on products, services, and policy changes.
6. Conducting credit assessments and due diligence.
7. Supporting regulatory, financial, and management reporting.
8. Addressing grievances and maintaining audit records.
9. Initiating legal proceedings in case of policy violations.
10. Ensuring compliance with applicable laws and regulatory requirements.

Consent to Access Credit Information

By registering on the Website, Users grant explicit consent for PayoutKart to access their credit information from partnered credit bureau for credit assessment and financial product offerings. Such information:

• Will be used strictly for the stated purpose.
• Will be stored securely and treated with confidentiality.
• Will be retained for no longer than six months unless required by law.

Data Protection and Security Measures

PayoutKart is committed to protecting User information through industry-standard security measures, including:

• End-to-end encryption of sensitive data.
• Strict access controls to prevent unauthorized access.
• Regular security audits and compliance checks.
• Secure storage mechanisms for personal and financial data.

Despite these efforts, the Company shall not be held liable for breaches resulting from unforeseen circumstances, including cyberattacks, force majeure events, or unauthorized third-party actions.

Data Sharing and Disclosure

PayoutKart does not sell or rent Users' personal information. Information may be shared with third parties only under the following circumstances:

• With explicit User consent.
• To provide services or financial products requested by the User.
• As mandated by law, regulatory bodies, or governmental authorities.
• In connection with mergers, acquisitions, or business restructuring.

PayoutKart reserves the right to share User details with its partner Direct Selling Agents (DSA) channels, banks, and Non-Banking Financial Companies (NBFCs) for lead processing and service facilitation. However, all such third-party partners are required to comply with stringent data protection and confidentiality obligations.

Referrer Responsibilities

Any individual or entity (hereinafter referred to as the "Referrer") facilitating customer applications through PayoutKart shall bear full and exclusive responsibility for the accuracy, authenticity, and completeness of customer documentation and details.

• The Referrer must ensure that all submitted documents and information are legitimate and verifiable.
• In the event of any fraudulent or fabricated details, the Referrer shall be solely accountable for any legal, financial, or reputational consequences.
• The Company shall not be liable for any misrepresentation, fraud, or compliance failures on the part of the Referrer.
• If any discrepancy is found in the information provided by the Referrer, PayoutKart reserves the right to take legal action, including blacklisting the Referrer and reporting the matter to relevant authorities.

Third-Party Advertisements and Links

The Website may feature third-party advertisements and links to external financial service providers. Users are advised to review the privacy policies of such third-party platforms before engaging with them. PayoutKart disclaims any liability for data handling practices, content accuracy, or services provided by third-party platforms.

Policy Updates

PayoutKart reserves the right to modify or update this Privacy Policy at its discretion. Any changes will become effective upon publication on the Website. Users are encouraged to periodically review this Privacy Policy to stay informed of any updates.

Acceptance of Terms

By accessing and using the Website, Users acknowledge and agree to the terms of this Privacy Policy. Users who do not agree with the terms must discontinue use of the Website immediately.

Governing Law and Jurisdiction

This Privacy Policy is governed by the laws of India. Any disputes arising from this Privacy Policy shall be subject to the exclusive jurisdiction of the courts in Delhi.