Privacy Policy

This Privacy Policy outlines how MALAKAR URBAN NIDHI LIMITED (“Company”, “we”, “our”, “us”) collects, uses, stores, protects, and discloses personal information when you visit our website or use our online services.

We are committed to safeguarding your privacy in accordance with the applicable laws and guidelines of the Ministry of Corporate Affairs (MCA), Government of India.

1. Information We Collect

A. Personal Information
  • Full Name
  • Address & Contact Number
  • Email ID
  • Aadhaar, PAN, or other KYC information
  • Bank Account Details
  • Nominee Information
  • Membership/Account Number
B. Financial Information
  • Deposit records
  • Loan applications
  • Transaction history
  • Payment details
  • Interest statements
C. Website & Technical Data
  • IP address
  • Browser and device information
  • Cookies and tracking data
  • Pages visited on our website
D. Additional Information

Provided voluntarily by you through forms, inquiries, or service requests.

2. How We Use Your Information

  • Membership registration and account management
  • Identity verification (KYC compliance)
  • Processing deposits, withdrawals, and loans
  • Maintaining statutory and regulatory compliance
  • Sending important service-related updates
  • Enhancing website security and user experience
  • Fraud prevention and internal audits

We never sell or rent your data to third parties.

3. Legal Basis for Processing

  • Consent from the member
  • Legal and regulatory obligations
  • Contractual necessity
  • Legitimate business purposes

4. Sharing & Disclosure

Your data may be shared only with:

  • Government & statutory authorities (MCA, etc.) when required
  • Authorized auditors
  • Payment gateway partners
  • IT service providers (hosting, security, SMS/Email service)

All partners adhere to strict confidentiality and data protection standards.

5. Data Storage & Security

  • Encrypted databases
  • Secure servers & firewalls
  • Restricted internal access
  • Regular software and security audits
  • Compliance with MCA standards

However, no system is fully immune to risks. Users should safeguard their login credentials.

6. Cookies

Our website uses cookies to:

  • Improve functionality
  • Remember user preferences
  • Analyze website traffic

You may disable cookies, but some features may not work optimally.

7. Your Rights

You may request to:

  • Access your personal information
  • Update or correct your data
  • Request deletion of non-mandatory data
  • Withdraw consent where applicable
  • Ask how your data is being used

To exercise these rights, email us at krishnamalakar34@gmail.com.

8. Third-Party Links

We are not responsible for privacy practices of external websites linked from our site.

9. Children’s Privacy

We do not knowingly collect information from anyone under 18 years of age.

10. Policy Updates

We may update this Privacy Policy periodically. Any changes will be reflected on this page with a revised Effective Date.

11. Contact Us

Company :MALAKAR URBAN NIDHI LIMITED

Registered Address: S/O ASHOK MALAKAR,C/O KRISHNA MALAKAR,SAHID COLONY,BHAKTINAGAR,NEAR N J 14.20 JALPAIHURI WESTBENGAL 734007

Phone: 8597230571

Email:krishnamalakar34@gmail.com