Privacy Policy

At Sabari Thendral Chits Private Limited, we value your trust and are committed to protecting your personal and financial information. This Privacy Policy explains how we collect, use, disclose, and safeguard your data when you engage with our chit fund services.

1. Information We Collect

We collect the following types of information to provide and improve our chit fund services:

A. Personal Information

• Full Name
• Contact Details (Phone Number, Email Address)
• Residential Address
• Date of Birth

B. Financial Information

• Bank Account Details for transactions
• Chit Fund Subscription Details (Plan, Amount, Payment History)
• Loan or Borrowing History (if applicable)

C. Identity Verification Documents

• Aadhaar Card, PAN Card, or other government-issued ID for KYC (Know Your Customer) compliance

2. How We Use Your Information

We use the collected information for the following purposes:

• Chit Fund Management: To process membership, payments, and auctions.
• Customer Support: To communicate with members regarding their accounts and transactions.
• Regulatory Compliance: To meet legal and financial regulations, including KYC norms.
• Fraud Prevention: To ensure secure transactions and prevent unauthorized activities.
• Marketing & Updates: To inform members about new chit fund schemes, offers, or policy updates (with consent).

3. How We Protect Your Information

We implement strict security measures to protect your personal and financial data:

• Data Encryption: Secure transmission of sensitive information.
• Restricted Access: Only authorized personnel can access member data.
• Regular Audits: Periodic checks to ensure data security and compliance.

4. Sharing of Information

We do not sell or trade your personal data. However, we may share information with:

• Regulatory Authorities: As required by law or for compliance with RBI and chit fund regulations.
• Banking & Payment Partners: To process payments and transactions securely.
• Legal or Fraud Prevention Entities: To investigate fraudulent activities or security breaches.

5. Your Rights & Choices

As a valued member, you have the right to:

• Access & Update Information: Request corrections or updates to your personal data.
• Withdraw Consent: Opt-out of marketing communications at any time.
• Request Data Deletion: Subject to legal and financial obligations.

6. Cookies & Website Tracking

Our website may use cookies to improve user experience and analyze site traffic. You can manage cookie settings through your browser preferences.

7. Changes to This Privacy Policy

We may update this Privacy Policy periodically. Any changes will be posted on our website, and we encourage members to review it regularly.