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1. Introduction
This Privacy Policy explains how nxtbanking.ai ("Platform") collects, stores, processes, and protects user data.
By using the Platform, users consent to this Policy.
2. Information We Collect
We may collect:
Account & KYC Data
- Name
- Mobile number
- PAN
- Aadhaar (masked as per UIDAI norms)
- Address
- Shop/business details
Transaction Data
- AEPS transactions
- BBPS bill payment records
- DMT beneficiary & sender details
- Payout logs
- Wallet load and settlement records
Device & System Data
- IP address
- Geo-location
- Device ID
- Browser/device metadata
3. Purpose of Data Collection
Data is collected for:
- KYC compliance
- Fraud prevention
- Transaction processing
- Monitoring suspicious activity
- Legal & audit requirements
- Customer support
- Improving product experience
- NPCI & bank reporting
4. Data Sharing
Your data may be shared with:
- Banks & payment partners
- NPCI (AEPS/UPI/BBPS compliance)
- UIDAI (Aadhaar authentication logs)
- Law enforcement agencies
- Regulatory bodies (if required)
5. Security Practices
We follow:
- AES-256 encrypted storage
- SSL/TLS 1.3 transmission security
- Masking of Aadhaar numbers
- Role-based access controls
- Fraud detection systems
Unauthorized access attempts will be blocked.
6. User Responsibilities
User must:
- Keep login credentials secure
- Not share OTP/password
- Provide accurate KYC
- Not misuse the system
- Ensure lawful usage
7. Retention of Data
We retain data as per:
- NPCI guidelines
- UIDAI Aadhaar Act guidelines
- Income Tax Act
- Bank audit requirements
Data may be retained even after account closure for investigation or compliance.
8. Data Deletion Requests
User may request data deletion, except:
- Transaction logs
- Compliance records
- Audit-related data
(These cannot be deleted legally)
9. Policy Updates
Company may revise this Policy anytime.
Contact Information
For privacy-related queries:
- Company: Laraware Private Limited
- Email: nodal@laraware.com
- Website: www.nxtbanking.ai
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