Purpose of Collection and Use of Personal Information:
The Bank collects and uses financial information and other personal information from its customers. This information is collected and used for specific business purposes or for other related purposes designated by the Bank or for a lawful purpose to comply with the applicable laws and regulations. The Bank shall not divulge any personal information collected from the customer, for cross-selling or any other purposes. The authenticity of the personal information provided by the customer shall not be the responsibility of the Bank.
Any information that is freely available or accessible in the 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 personal information for the purposes of this Policy and the Bank shall not be responsible for the same.
Disclosure of Personal Information:
The personal information collected by the Bank shall not be disclosed to any other organization except,
- where the disclosure has been agreed in a written contract or otherwise between the Bank and the customer.
- where the Bank is required to disclose the personal information to a third party on a need-to-know basis, provided that in such case the Bank 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.
Effective Date - 1st September, 2020