DPDP Act 2023 & IT Act Compliant

Privacy Policy

FinVeda Master Minds Private Limited is committed to safeguarding your personal data and honoring your privacy rights. Read our comprehensive disclosure on data collection, encryption, and user privacy protections.

Entity: FinVeda Master Minds Pvt Ltd Last Updated: March 2025 Standard: 256-Bit SSL & PCI-DSS
No Banking Card CVV/PIN Stored
Encrypted Data Storage
Right to Account & Data Erasure
Zero Third-Party Data Selling

1 Introduction & Regulatory Framework

FinVeda Master Minds Private Limited ("FinVeda", "We", "Us") respects your right to privacy. This Privacy Policy explains our practices regarding the collection, processing, storage, and protection of personal data when you visit our website (finvedamasterminds.com) or use our Learning Management System (LMS).

We comply fully with the Digital Personal Data Protection (DPDP) Act, 2023, the Information Technology Act, 2000, and the IT (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011.

2 Information We Collect

We collect only the minimum necessary data required to deliver educational services:

  • Identity & Contact Details: Full Name, Email Address, Mobile Phone Number, City/State, and educational background provided during course registration or inquiry.
  • LMS Account Information: Login username, encrypted passwords, course progress, quiz submissions, assignment uploads, and digital certificate verification IDs.
  • Transactional Metadata: Order ID, transaction timestamps, payment method chosen (e.g. UPI, Netbanking, Card), and invoice billing details.
  • Technical Identifiers: IP address, device type, browser version, operating system, and session timestamps for platform security and fraud prevention.
What We DO NOT Collect or Store
We NEVER store full Credit/Debit Card numbers, CVV codes, Expiration dates, ATM PINs, or Net Banking passwords on our servers. All financial transactions are securely processed directly by RBI-authorized, PCI-DSS Level 1 compliant payment gateways (PayU, Cashfree, Razorpay, PhonePe).

3 How We Use Your Data

Your personal data is used solely for legitimate educational and transactional purposes:

  1. Course Fulfillment: Creating your LMS account, granting live batch webinar access, sharing lecture recordings, and issuing verifiable QR certificates.
  2. Transactional Communication: Sending automated GST payment receipts, course start reminders, batch schedules, and exam alerts via Email, SMS, and WhatsApp.
  3. Mentorship & Support: Adding you to mentor-led Telegram doubt-clearing channels and providing 1-on-1 placement interview assistance.
  4. Compliance & Legal Records: Maintaining statutory tax invoices and audit logs as mandated by Indian taxation and accounting laws.

We never sell, rent, or trade your personal information to third-party marketing brokers.

4 Payment Gateways & Banking Security

To ensure peak security for online fee payments, FinVeda integrates with certified third-party payment aggregators:

  • PayU Payments Private Limited
  • Cashfree Payments India Private Limited
  • Razorpay Software Private Limited
  • PhonePe Private Limited

All transmissions are encrypted using industry-standard 256-bit SSL (Secure Socket Layer) encryption. Payment gateway partners adhere to strict PCI-DSS (Payment Card Industry Data Security Standard) Level 1 controls.

5 Cookies & Web Analytics

Our website uses essential session cookies to remember your login state, cart preferences, and improve page load speeds. We also employ Google Analytics to analyze anonymized traffic patterns and enhance user experience. You can disable cookies via your browser settings, though certain LMS features may require cookies to function smoothly.

6 Data Storage & Retention Policy

We retain your personal data for as long as your LMS account remains active or as needed to provide you with ongoing mentorship support and digital certificate verification. In compliance with the Companies Act and GST regulations in India, historical financial invoices and transaction ledgers are securely archived for statutory audit durations.

7 Your Rights under the DPDP Act, 2023

Under the Digital Personal Data Protection Act, you possess the following rights:

  • Right to Access: Request a summary of the personal data held about you.
  • Right to Correction: Request correction or updating of inaccurate personal data.
  • Right to Erasure: Request the permanent deletion of your user account and personal details.
  • Right of Grievance Redressal: Register any privacy grievances with our designated Data Protection Officer.

8 Account & Data Erasure Procedure

You can exercise your right to erasure at any time by visiting our dedicated Delete Account Page or by sending an email from your registered address to info@finvedamasterminds.com. Requests are acknowledged within 48 hours and processed within 15–30 days.

9 Data Protection & Grievance Contact

For any questions regarding this Privacy Policy or your personal data handling, please contact:

Data Privacy & Compliance Desk

Designation Data Protection & Privacy Officer
Entity FinVeda Master Minds Private Limited
Corporate Address # 302, 3rd floor, Garden city Layout, TC Palya, KR Puram, Bangalore - 560036
Support Contact +91 8296967084
Jurisdiction Bengaluru, Karnataka, India
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