KYC & Aadhar Usage Policy

Effective Date: 06/12/2025

1. Introduction

At Dreno Micro EMI 365 (“we,” “our,” or “Company”), we are committed to complying with all regulatory requirements concerning Know Your Customer (KYC) procedures and the secure use of Aadhaar information. This policy explains how we collect, use, and protect your KYC and Aadhaar data.

2. Purpose of KYC

KYC is mandatory to:

  • Verify the identity of our customers
  • Prevent fraud, money laundering, and financing of illegal activities
  • Comply with regulatory and legal requirements

3. Aadhaar Usage

  • Aadhaar number is used solely for customer identity verification through Aadhaar-based e-KYC and OTP authentication with the UIDAI (Unique Identification Authority of India) gateway.
  • We do not store your Aadhaar number or biometric data on our servers. Only the minimum necessary data received from UIDAI for verification is retained securely.
  • Aadhaar authentication ensures faster and more secure onboarding.

4. Data Collection

During the signup process, you will be required to provide:

  • Aadhaar number for OTP-based verification
  • Personal details as per Aadhaar for identity confirmation

5. Use of KYC Data

Your KYC information, including Aadhaar authentication results, will be used only for:

  • Verifying your identity
  • Complying with legal and regulatory requirements
  • Enabling access to our EMI wallet and payment services

6. Data Security and Confidentiality

  • We employ strict security measures including encryption and secure access controls to protect your KYC and Aadhaar data.
  • Your data is only accessible to authorized personnel involved in KYC processing.
  • We do not share Aadhaar or KYC data with unauthorized third parties.
  • We adhere to the Aadhaar Act, 2016, Information Technology Act, 2000, and guidelines issued by UIDAI and other regulatory authorities regarding Aadhaar use and data protection.
  • We ensure that Aadhaar authentication is done only with your explicit consent.

8. Your Rights

  • You have the right to withdraw consent for Aadhaar-based authentication at any time.
  • You can request access to your KYC data and ask for corrections if needed.
  • We will delete or anonymize your data as per legal and regulatory requirements once it is no longer needed.

9. Grievance Redressal

For any concerns or complaints related to KYC or Aadhaar usage, please contact us at:
Email: support@drenomicroemi365.com
Phone: 9833891987

Note: This policy is reviewed and updated regularly to ensure compliance with applicable laws.