The Amaravathi Multi-Purpose Mutually Aided Co-Operative Society Ltd (The Co-Operative Society) recognizes the expectations of its members with regard to privacy, confidentiality and security of their personal information that resides with the Co-Operative Society. Keeping personal information of members secure and using it solely for activities related to the Co-Operative Society and preventing any misuse thereof is a top priority of Co-Operative Society.
Co-Operative Society has adopted the privacy policy aimed at protecting the personal information entrusted and disclosed by the Members [“the Policy”]. This policy governs the way in which Co-Operative Society collects, uses, discloses, stores, secures and disposes of personal information and sensitive personal data or information.
Definitions
” Personal information” means any information that relates to a natural person, which either directly or indirectly, in combination with other information available or likely to be available with the Co-Operative Society, is capable of identifying such person.
- KYC Documents submitted
- Financial information such as Bank account or credit card or debit card or other payment instrument details.
- Password(s)/OTPs.
Provided that, any information that is freely available or accessible in public domain or furnished under the right to information act, 2005 or any other law for the time being in force shall not be regarded as sensitive personal data or information for the purposes of this policy.
Applicability
This Policy is applicable to personal information and KYC Documents submitted and sensitive personal data or information collected by the Co-Operative Society directly from the Member collected by the Co-Operative Society’s server from the Member’s browser.
Purpose of Collection and Use of Personal Information
The Co-Operative Society collects and uses the financial information and other personal information from its Members. This information is collected and used for specific business purposes or for other related purposes designated by the Co-Operative Society or for a lawful purpose to comply with the applicable laws and regulations. The Co-Operative Society shall not divulge any personal information collected from the Member, for cross selling or any other purposes.
The User authorises The Amaravathi Multi-Purpose Mutually Aided Co-Operative Society Limited to exchange, share, part with all information related to the details and transaction history of the User to its Affiliates / banks / financial institutions / credit bureaus / agencies/participation in any telecommunication or electronic clearing network as may be required by law, customary practice, credit reporting, statistical analysis and credit scoring, verification or risk management or any of the aforesaid purposes and shall not hold The Amaravathi Multi-Purpose Mutually Aided Co-Operative Society Limited liable for use or disclosure of this information. All Information collected shall be used for the relevant lawful purposes connected with various functions or activities of the Co-Operative Society related to services in which the User is interested, and/or to help determine the eligibility of the User for the product/services requested/ applied/ shown interest in and/or to enable Co-Operative Society the User verification and/or process applications, requests, transactions and/or maintain records as per internal/legal/regulatory requirements and shall be used to provide the User with the best possible services/products as also to protect interests of The Amaravathi Multi-Purpose Mutually Aided Co-Operative Society Ltd.
The authenticity of the personal information provided by the Member shall not be the responsibility of the Co-Operative Society.
Disclosure of Personal Information
The personal information collected by the Co-Operative Society shall not be disclosed to any other organization except:
where the disclosure has been agreed in a written contract or otherwise between the Co-Operative Society and the Member;
- where the Co-Operative Society is required to disclose the personal information to a third party on a need-to-know basis, provided that in such case the Co-Operative Society shall inform such third party of the confidential nature of the personal information and shall keep the same standards of information/ data security as that of the Bank.
Grievance Redressal
In order to address any discrepancies or grievances related to the personal information residing with the Co-Operative Society, the Member may contact: customercareamaravathimmacs@gmail.com
Notice of Change
The Co-Operative Society may, from time to time, change this Policy. The effective date of this Policy, as stated below, indicates the last time this Policy was revised or materially changed.
Cookie Policy
The Amaravathi Multi-Purpose Mutually Aided Co-operative Society Limited digital platforms use various third-party services to promote Co-Operative's products and services. These third-party services use cookies which are downloaded to your device when you visit a website to provide a personalized browsing experience.
Cookies are used for lots of tasks like remembering your preferences & settings, providing a personalized browsing experience, and analyzing site operations. These cookies collect information about how users use a website, for instance, how often visited pages. All information collected by third-party cookies is aggregated and anonymous. By using our website, users agree that these types of cookies can be placed on his/her device. Users are free to disable/delete these cookies by changing his/her device/browser settings. The Co-Operative Society is not responsible for cookies placed on the device of users by any other website and information collected thereto.
Date of Policy: 05th September 2024