Bank Privacy Policy for

Bank Name : Lokmangal Co-Op Bank Ltd.

As a part of Lokmangal co-op bank ltd having its Head office at 128, Murarji Peth, Near Seva

Sadan Highschool, Solapur. 413001 ongoing efforts to ensure the compliance of modern banking

approach, customer trust/ satisfaction, security oriented service and banking services, bank has

adopted the privacy policy aimed at protecting individual’s personal information entrusted and

disclosed to Us. This Policy governs the way in which Bank collects, uses, discloses, stores, secures

and disposes of personal information.

This policy is the property of Lokmangal co-op bank and cannot be conveyed in any manner or in

any form outside Lokmangal co-op bank without prior written consent of Bank. The Bank reserves

the right to modify this policy at any time. Lokmangal co-op bank will endeavour to post the most

current version of this policy on our website.

This Policy is applicable to personal information and sensitive personal data or information

collected by the Bank or it’s affiliates directly from the customer or through the Bank’s online

portals, mobile apps and electronic communications as also any information collected by the Bank’s

server from the customer’s browser.

“Personal information” is data that can be used to identify a natural person. Some examples

of personal information that we may collect are:

 Personal Information: May Include name, contract details, residential address, date of birth, identity

card/passport details, and /or education details)

 Financial details: May Include income, expenses, and/or credit history)

 Employment details: May Include occupation, directorships and other positions held, employment

history, salary, and/or benefits);

 Information about your risk profile, investments, investment objectives, knowledge and experience

and/or business interest and assets;

 Banking information: May Include account numbers and banking transactions);

 Personal opinions made known to us: Like feedback or responses to surveys);

Bank Privacy Policy for

Bank Name : Lokmangal Co-Op Bank Ltd.

 Information obtained with consent from your mobile device like device location, device information

(including storage, model, mobile network) transactional and promotional SMS, communication

information including contacts and call logs.



1. Commitment

a) Information collected and used by Lokmangal co-op bank can include information supplied by

Users and also the information that is automatically collected through navigation or in any other

form.

b) Our websites may contain links to other websites which are not maintained by PRMS Bank .

This privacy policy only applies to the websites of Lokmangal co-op bank. When visiting these

third-party websites, you should read their privacy policies which will apply to your use of the

websites.

2. Security

Lokmangal co-op bank gives access of Users information to Authorized Employees only. Such

employees are subjected to abide by the rules and regulations of Lokmangal co-op bank. They

undertake to abide by this Privacy Policy.

3. Sms and Email Privacy

Lokmangal co-op bank respects the privacy of all its Users and takes every effort to protect

sensitive customer information. Lokmangal co-op bank never seeks from its Users any confidential

/ sensitive information like – PINs, passwords, CVV, expiry date, issue date, etc. though any

medium.

 Lokmangal co-op bank never sends unsolicited messages to your registered mobile number.

 Lokmangal co-op bank never sends unsolicited emails to your registered email id.

 If Users have not registered their mobile phone number, PRMS Bank will endeavour to ensure Users that

they will not receive any promotional SMS from us.

 Lokmangal co-op bank will update / register Users mobile phone number or email id, only with their

consent and/or signed application.

4. Disclosure

Users authorizes Lokmangal co-op bank to exchange / share / part with information of Users to its

affiliates / financial institutes / banks / credit bureaus / telecommunication / agencies / electronic

clearing network that may be required by law / credit reporting / customary practice / statistical

analysis / credit scoring, etc. and shall not hold Lokmangal co-op bank liable for disclosure of such

information.

5. Consent

Users consent irrevocably to Lokmangal co-op bank for the following disclosures to third parties

without any limitation:

 For the lawful / legal requirement or compliance.

Bank Privacy Policy for

Bank Name : Lokmangal Co-Op Bank Ltd.

 For enforcing terms and conditions of the products or services. For protecting or defending our rights /

interests / property and also for protecting or defending the rights interests / property of our affiliates /

banks / financial institutes etc.

 For preventing Fraud purposes.

 Users consent to the collection and use of their information by Lokmangal co-op bank. Users consent to

the terms of this policy.

 Users also undertakes to keep their password complex and not to disclose to anyone in any form.

 Users agree to receive communication from Lokmangal co-op bank.

6. Reasonable Security Practices and Procedures

Lokmangal co-op bank is strongly committed to protecting the privacy of its customers and has

taken all necessary and reasonable measures to protect the confidentiality of the customer

information. The security of personal information is a priority and is protected by maintaining

physical, electronic, and procedural safeguards that meet applicable laws. The Bank maintains its

security systems to ensure that the personal information of the customer is appropriately protected

and follows the extant standard encryption norms followed for the transmission of information. The

Bank ensures that its employees and affiliates respect the confidentiality of any personal

information held by the Bank.

The Bank may, from time to time, change this Policy. The effective date of this Policy, as stated

below, indicates the last time this Policy was revised or materially changed.

Approved by the Board of Directors meeting dated 06/04/2024 BR.No.20

On behalf of Board of Directors

RAJESHSINGH

LAXMANSINGH BAYAS

Digitally signed by RAJESHSINGH

LAXMANSINGH BAYAS

Date: 2024.08.30 15:42:45 +05'30'