INTRODUCTION
Privacy Policy
This Privacy Policy describes how Faiter Technology, a company incorporated under the Companies Act, 2013, having its registered office at 105-DLF Cyber City, Bhubaneswar, India–751016 (“Company”, “we”, “us”, or “our”), collects, uses, stores, processes, and protects personal information of users who access or use our Services.
This Privacy Policy is published in accordance with:
- Information Technology Act, 2000
- Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011
- Applicable SEBI and RBI data protection and cybersecurity guidelines (where applicable)
Consent: By using our Services, you consent to the practices described in this Privacy Policy.
SECTION 01
Information We Collect
1.1 Personal Information
We may collect the following personal information:
- Name, email address, mobile number
- Date of birth and age confirmation
- PAN or masked identification details (where legally required)
- Address and location (city/state only)
- Account login credentials
1.2 Financial and Usage Information
- Trading preferences and market interaction data
- Subscription and payment details (processed via third-party payment gateways)
- Device information, IP address, browser type, and operating system
- Log data, cookies, and analytics data
1.3 Sensitive Personal Data
Note: Sensitive personal data, if collected, shall be handled strictly in accordance with applicable law and only where necessary for regulatory or operational purposes.
SECTION 02
Purpose of Data Collection
We collect and use your information for the following purposes:
- Providing and improving the Services
- User authentication and account management
- Compliance with legal and regulatory obligations
- Sending service-related communications, alerts, and notifications
- Processing payments and subscriptions
- Fraud prevention, security monitoring, and risk management
- Analytics, research, and product development
We do not sell or rent your personal data to third parties.
SECTION 03
Legal Basis for Processing
Your information is processed based on:
- Your consent
- Performance of contractual obligations
- Compliance with legal and regulatory requirements
- Legitimate business interests, subject to applicable law
SECTION 04
Data Sharing and Disclosure
We may share information with:
- Government or regulatory authorities as required by law
- SEBI, RBI, or other statutory bodies upon lawful request
- Technology service providers, cloud service providers, and payment gateways
- Professional advisers such as auditors, legal consultants, and compliance officers
Protection: All third parties are contractually obligated to maintain confidentiality and data security.
SECTION 05
Data Retention
We retain personal data only for as long as necessary to:
- Fulfill the purposes outlined in this Privacy Policy
- Comply with applicable laws, regulatory, and audit requirements
Upon completion of the retention period, data is securely deleted or anonymized.
SECTION 06
Data Security Measures
The Company implements reasonable security practices and procedures, including:
- Encryption and secure servers
- Access controls and authentication mechanisms
- Periodic security audits and monitoring
- Secure data storage and restricted internal access
Despite reasonable safeguards, no system is completely secure, and we cannot guarantee absolute security.
SECTION 07
Cookies and Tracking Technologies
We use cookies and similar technologies to:
- Enhance user experience
- Analyze usage patterns
- Improve platform performance
You may control or disable cookies through your browser settings; however, certain features may be affected.
SECTION 08
User Rights
Subject to applicable law, you have the right to:
- Access your personal information
- Request correction or updating of inaccurate data
- Withdraw consent (where applicable)
- Request deletion of data, subject to legal obligations
Requests may be made by contacting us at the details provided in Section 13.
SECTION 09
Third-Party Links
Our Services may contain links to third-party websites or applications. The Company is not responsible for the privacy practices or content of such third parties. Users are advised to review their privacy policies independently.
SECTION 10
Children’s Privacy
The Services are not intended for individuals under the age of 18. We do not knowingly collect personal data from minors.
SECTION 11
Cross-Border Data Transfer
Where necessary, personal data may be stored or processed on servers located outside India, subject to applicable data protection laws and reasonable safeguards.
SECTION 12
Policy Updates
The Company may update this Privacy Policy from time to time. Any changes will be posted on the platform, and continued use of the Services constitutes acceptance of the revised policy.
SECTION 13
Grievance Redressal
In accordance with the Information Technology Act, 2000, the grievance officer details are provided below. We shall address grievances within the timelines prescribed under applicable law.
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Disclaimer: This Privacy Policy is a general template and does not constitute legal advice. You are advised to consult a qualified legal professional to ensure compliance with your specific business operations and evolving Indian data protection laws.