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Privacy Policy

Effective Date: 23-APR-2025

Momentum Grow is committed to safeguarding your privacy and ensuring transparency in how we handle your personal data. This Privacy Policy explains our data collection, use, storage, and protection practices, aligned with the General Data Protection Regulation (GDPR) and Reserve Bank of India (RBI) guidelines.-

1. Information We Collect

We collect the following data to provide financial services effectively:

  • Personal Information: Name, contact details, financial information, account details.
  • Transaction Data: Payments, loan details, investment records.
  • Technical Data: IP address, browser type, device information.
  • Compliance Data: Data required under RBI’s KYC and AML guidelines.

2. Legal Basis for Data Processing (Under GDPR & RBI Guidelines)

Momentum Grow ensures that personal data is processed only under legal and regulatory requirements:

  • GDPR Basis:
    • Consent (Article 6(1)(a) GDPR)
    • Performance of a Contract (Article 6(1)(b) GDPR)
    • Legal Obligation (Article 6(1)(c) GDPR)
    • Legitimate Interests (Article 6(1)(f) GDPR)
  • RBI Regulations:
    • Compliance with RBI’s Know Your Customer (KYC) and Anti-Money Laundering (AML) rules.
    • Data retention guidelines under RBI’s Payment System Oversight Framework.

3. How We Use Your Information

We use your data for:

  • Delivering financial products and services.
  • Transaction processing and fraud prevention.
  • Regulatory reporting as per RBI guidelines.
  • Marketing and communication (with your consent).

4. Data Sharing & Third Parties

We ensure compliance before sharing data:

  • Regulatory Authorities – RBI-mandated disclosures.
  • Financial Partners & Service Providers – Data shared with banks, auditors, payment gateways under strict compliance measures.
  • International Transfers (GDPR Compliance) – If we process data outside India, GDPR safeguards apply.

5. Data Protection & Security

Momentum Grow adopts industry-leading security measures to protect data integrity, including:

  • Encryption & secure access protocols.
  • GDPR-aligned Data Minimization & Purpose Limitation principles.
  • RBI-mandated cybersecurity practices under the Digital Payment Security Guidelines.

6. Your Rights & Choices

Under GDPR, you can:

  • Request access to personal data.
  • Rectify inaccurate data.
  • Withdraw consent for data processing.
  • Request erasure under Right to be Forgotten (Article 17 GDPR).

Under RBI guidelines, you can:

  • Update KYC details periodically.
  • Challenge incorrect financial records in compliance with RBI’s Data Protection Framework.

7. Cookies & Tracking Technologies

Momentum Grow uses cookies to enhance user experience. You can manage cookies via your browser settings.

8. Third-Party Links

We may provide links to external platforms; however, we are not responsible for their privacy practices.

9. Updates to This Privacy Policy

Momentum Grow reserves the right to update this Privacy Policy. Changes will be posted on this page with the revised date.

10. Contact Us

For privacy inquiries or exercising your rights under GDPR & RBI guidelines, contact us at:
Email: privacy@momentumgrow.in
Phone: +91 9876543210