Terms of Use and Privacy Policy
By using our Android App ‘RingMoney- Your Investment App (com.ringmoney)’ and signing up for our services, ("RingMoney" or "Services"), or providing us your personal information for any other purpose, you agree to this Privacy Policy and have read our disclaimers properly. RingMoney's key objective is to provide personalized and customized investment solution to their clients under the given frame work and compliance laid down by BSE and AMFI. We are a registered distributor for mutual fund and have qualified members in the organization to create and counsel on financial planning's of individuals. This is to confirm that all the advices and data provided in the website are extracted from third party source or have been bought for the purpose of representations. Any error or mistakes there in should be reported to us immediately. We are not responsible for any loss due to the mistakes, error or our general advisory provided here on the website.
1. Using RingMoney as a Visitor
If you are a first-time visitor to RingMoney:
a. We don't know who you are.
b. We collect technical data about your interaction with the Services. This is data we get from your use of our services. We collect data about your interaction with our website, such as pages visited and average time spent on the website, your internet protocol address, the unique identifier of your device and device information such as operating system, operating system version, browser plugins, crashes, system activity, hardware settings, date and time of your request and referral URL, and cookies that may uniquely identify your browser and mobile application.
c. We use this data to analyse how you use our website and improve the services provided through the website.
2. Using RingMoney as a Registered User
If you have provided us your phone number:
a. You are a registered user of RingMoney.
b. You may be asked to give us additional information such as your name or e-mail address in order to use certain features of the Services.
c. We collect technical data about your interaction with the Services.
d. We use all the collected data to
> Respond to your queries about the Services.
> Deliver to you any notices, alerts, or communications relevant to your use of the Services.
> Offer you other products or services that we believe may be of interest to you. You have the option to opt-out of receiving such communication.
3. Using RingMoney as an Investor
If you wish to start investing in Investment products through RingMoney:
a. You will be asked for basic registration information, such as an email address and password.
b. You will be asked to provide personal details including your name, address, age, marital status, sex, and income.
c. You will be asked for financial information like your bank account and other payment instrument details.
d. We use this information to:
> Put you across the Investment transaction platforms for seamless transaction
4. How We Use Your Data
Your phone number and email address is used to send you updates regarding the Services. You can select what communication you'd like to receive from us by modifying your account settings after you login to your RingMoney account. Your password is encrypted before being stored in our database and no one other than you knows or has access to it. Under no circumstance do we know or share your password with anyone. In order to start investing through we will need to verify your identity and complete all the required compliance of the regulators. To do so, we may, directly or through third parties, use the identification information you provide to verify it against databases maintained by a KYC (Know Your Client) Registration Agency, registered under the Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} Regulations, 2011, and the Unique Identification Authority of India. We may also use your information to verify your identity in the event you contact us for assistance with the site or services. We use cloud-based software tools to perform certain business-related functions. Examples of such functions include, maintaining databases and servers, processing text messages, phone calls, chats and emails, and marketing and sales analytics. Please note that these providers are bound by the same standards of data security practices and procedures as we are under law and contract.
Our app never publicly disclose any personal and sensitive user data related to financial or payment activities or any government identification numbers.
Also, we don't allow unauthorized publishing or disclosure of people's non-public contacts.
5. Security Practices and Procedures
RingMoney follows industry best practices, using open and known principles when transferring and storing your data. We believe the biggest threat to the security and privacy of your data is if someone – probably someone you know – gains access to any of your devices. Remember to keep your password safe and secret to prevent unauthorised access to your RingMoney account. If you think that the security of your RingMoney account has been compromised, change your password and contact us immediately for further assistance.
6. Our Legal Obligation to You
We are bound by the (Indian) Information Technology Act, 2000, and comply with all its provisions available at https://meity.gov.in/content/cyber-laws.Under Section 43A of the (Indian) Information Technology Act, 2000, ringmoney.in and all its service providers are obliged to maintain reasonable security procedures to safeguard your data. Should there be any accidental disclosure of your personally identifiable personal information, you have the right to compensation from RingMoney. Under Regulation 5 of the Information Technology (Reasonable Security and Procedures and Sensitive Personal Data or Information) Rules, 2011, we are obliged to provide every registered user of RingMoney with a readable copy of the personal information you have provided us. If you would like a copy, do get in touch with us at the address provided above.
7. Changes to This Privacy Policy.
This Privacy Policy is published on the website in compliance with Regulation 4 of the (Indian) Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Information) Rules, 201. We update this Privacy Policy periodically. We will notify you of any changes to this Privacy Policy. The date of last revision appears at the top and all changes take effect immediately upon posting. If you do not agree with the terms of this Privacy Policy or any changes made to this Policy, please cease using all Services immediately and write to us at the address mentioned under our contact section
>Total Current Portfolio Value" on Dashboard includes investments in Mutual Funds, Fixed Deposit and Liquid Investment categories made on RingMoney platform >Fixed Deposit value inlcuded in Current value calculations is as on date considering the accrued value till the update date based on applicable interest rates