Privacy and Policy

At Y1, we respect your privacy and are committed to protecting your personal data. This policy outlines how we collect, use, and protect your information when you use our services.

Last Updated: [16 December 2024]

Y1 Card is a brand name under the legal entity Skate Lab Private Limited, registered in India with Corporate Identification Number (CIN): U74999BR2016PTC032790. This Privacy Policy outlines how we collect, use, and protect your personal information when you use the Y1 Card services, including Jini Card (by Jini Money) and Magmaven Card (by Magmaven Wealth), designed for bank Fixed Deposits (Jini) and digital gold and silver investments (Magmaven).

1. Information We Collect

When you interact with the Y1 Card services, we may collect the following types of information:

a. Personal Information:

  • Name
  • Contact details (email, phone number, address)
  • Financial details (bank account information, investment preferences, transaction history)
  • Identification documents (PAN, Aadhaar, or other government-issued IDs)

b. Non-Personal Information:

  • Browser and device information
  • IP address
  • Cookies and usage data

2. How We Use Your Information

We use the information collected to:

  • Process your applications for Jini Card and Magmaven Card services.
  • Facilitate bank Fixed Deposits and digital gold/silver transactions.
  • Verify your identity as required by regulatory bodies.
  • Provide customer support and resolve queries.
  • Send updates, offers, and other service-related communications.
  • Improve the user experience and optimize our services.

3. Information Sharing and Disclosure

We may share your information:

  • With financial partners such as banks and NBFCs for processing Fixed Deposits and gold/silver transactions.
  • With service providers and vendors assisting in technology, compliance, and other operational processes.
  • As required by law or regulatory authorities.

We do not sell or rent your personal information to third parties.

4. Data Security

We implement appropriate technical and organizational measures to safeguard your personal information against unauthorized access, loss, or misuse. These measures include data encryption, secure servers, and regular audits.

5. Data Retention

Your personal data is retained for as long as necessary to fulfill the purposes outlined in this Privacy Policy or as required by law.

6. Your Rights

You have the right to:

  • Access the personal information we hold about you.
  • Request correction or deletion of your data (subject to regulatory requirements).
  • Withdraw consent for data processing.

To exercise these rights, contact us at [Insert Contact Email or Phone Number].

7. Third-Party Services

Y1 Card services may link to third-party services (e.g., partner financial institutions). These third parties have their own privacy policies, and we are not responsible for their practices.

8. Cookies and Tracking Technologies

We use cookies to enhance your user experience. By using our services, you consent to our use of cookies.

9. Children’s Privacy

Y1 Card services are not intended for individuals under the age of 18. We do not knowingly collect data from minors.

10. Amendments to the Privacy Policy

We may update this Privacy Policy from time to time. Changes will be posted on our website with the updated effective date.

11. Contact Us

For questions or concerns regarding this Privacy Policy, please contact:

Skate Lab Private Limited
Email: support@y1card.com
Phone: +91 839 020 8221
Address: Y1 Headquarter, Station Road, Begusarai 851101, Bihar, India

By using the Y1 Card services, you agree to this Privacy Policy.

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