Privacy Policy

ModeFinServer Private Limited and its subsidiaries (hereinafter referred as ‘Modefin,’ ‘Company’, ‘We’, ‘Us’, ‘Our’) is committed to respect it’s users (‘User’, ‘You’, ‘Your’) privacy. This Privacy Policy (‘Privacy Policy’) sets forth the terms and conditions with regard to collection, use, process, disclosure, transfer and protection of your personal information (defined below).

Please read the Privacy Policy completely to understand our policies and practices regarding the collection, use, process, disclosure, transfer and protection of your Personal Information. By using our website and/or the services, You agree to the practices and policies set forth in this Privacy Policy, and You hereby acknowledge and expressly consent to our collection, use, processing, disclosure and transfer of your Personal Information as set forth in this Policy and agree to be legally bound by terms and conditions of this Privacy Policy.


I. Collection and Use of Personal Information

For the purposes of this privacy policy, ‘Personal Information’ may include but shall not be limited to your name, date of birth, location, address, phone number, email id, login details, password, your device IP address, demographics, your computers’ operating system, browser type, designation, company, country, telephone number, etc. While accessing certain sections of Modefin website, you may also be required to provide additional Personal Information for Modefin to process the corresponding request. We may use your Personal Information, for one or more of the following purposes – registration, create user ID, to provide access to desirable content based on your preferences, to provide better usability, to fulfil your request, for market research purposes, to improve our website, to troubleshoot or support products or services procured from Modefin, monitoring or recording of Interactions for quality assurance purposes or to retain evidence of a particular transaction or interaction etc.


II. Consequences of Not Providing Personal Information

We will indicate the fields that are required to be mandatorily filled in and fields that are optional. You may decide whether or not to provide such Information. If you choose not to provide your Personal Information that is mandatory to process your request, we may not be able to provide the corresponding service.


III. Contact Information

When you use Modefin website and/or services, you give access to your contacts names, numbers, and email IDs (“Contact Information”). Modefin may collect, store and use the Contact Information in order to enhance the results shared with other Users. For the sake of clarity, your Contact Information, Modefin may access, collect, store and use shall be exclusively limited to the name, contact number and email IDs and no other Contact Information of whatsoever nature shall be accessed, collected, stored or used by Modefin.


IV. Data Recipients, Transfer, And Disclosure of Personal Information

We may disclose, share or transfer your Personal Information within Modefin or with any of its subsidiaries, business partners, service vendors, authorized third-party agents, or contractors located in any part of the world for the purposes of data processing, storage, or to provide a requested service or transaction, after ensuring that such entities are contractually bound by data privacy obligations.

If required, Modefin may disclose, share or transfer your Personal Information to external law enforcement bodies or regulatory authorities, in order to comply with legal obligations, or to investigate or remedy potential violations of our policies, or to protect the rights, property, and safety of others. In the foregoing circumstances we shall not be under any obligation to intimate or notify you, or to obtain your consent, for such disclosure, sharing or transfer of your personal information.

We may disclose, share or transfer your personal information with our affiliates for our internal business purposes. In the event we reorganize or sell all or a portion of our assets, undergo a merger, or are acquired by another entity, we may disclose, transfer or share your Information to the successor entity. If we go out of business or enter bankruptcy, your Information would be an asset transferred or acquired by a third party. You acknowledge that such disclosures or transfers may occur and that the transferee may comply or decline to be bound with the terms of this Privacy Policy.

You acknowledge that any Information or content that you share on any public or social media will be publicly available. We do not manage, have any control on third party solicitations and we are not responsible for the actions of third parties with whom you share your Information.


V. Access, Correction, Objection of Your Personal Information

You shall be responsible for the authenticity of your Personal Information and we shall not be responsible to verify any such Information. You may access, update, correct or delete your Personal Information including your profile and preferences. You may do so in the corresponding sections where such information was provided. Deletion of certain Information may lead to cancellation of your registration or your access to the website. Any Information that is automatically uploaded or collected otherwise from you cannot be changed or updated. You have the right to withdraw your consent previously given for the collection, use or processing of all and/or any part of the information collected by Modefin, however, please note that this may disrupt Your user experience. If you have difficulty in updating or accessing your Personal Information as stated above, you may contact us at [email protected]


VI. Data Security

Modefin has adopted reasonable and appropriate security practices and procedures that includes administrative, physical security, and technical controls in order to safeguard your Personal Information.
You are solely responsible for sharing your Information with third party service providers. Modefin shall not be responsible or liable for disclosure of your personal information due to any reason, including but not limited to errors in transmission, unauthorized third-party access, or other causes beyond its control. You are aware and agreed that no method of data transmission can be guaranteed against any interception or other type of misuse. Any Information disclosed online is vulnerable to interception and misuse by unauthorized parties. Therefore, Modefin cannot guarantee complete security of your Personal Information transmitted to website and any transmission of your personal Information is at your own risk.


VII. Data Retention

Modefin may retain your Personal Information as long as there is a business requirement, or if otherwise required under applicable laws.


VIII. Linked Websites

Our website may display links to third-party websites and services. Such third-party websites or applications or services are controlled and operated by respective third-parties. The terms of this Privacy Policy are not applicable to personal Information that you provide to, or that is collected by any third-party websites or applications or services. Modefin shall not be responsible or liable for any Information provided or collected by any of such third-party websites.


IX. How to Contact Us

If you have any questions regarding our privacy practices or this privacy statement, you may contact us at: [email protected]

For the purpose of grievance redressal or in the event, you have any questions regarding our privacy practices or this privacy statement, the name and contact details of our Grievance Officer are provided below:

Name:  Mamatha N
Postal Address: AIKYA, #228, 7th Main Road, Rajiv Gandhi Nagar, Nandini Layout, Bangalore – 560 096, Karnataka, India.
Email: [email protected]

X. Updates to This Privacy Statement

We may, at any time with or without notice, change this Privacy Policy. Any changes shall be effective immediately upon the posting of the revised Privacy Policy. You are advised to review the Privacy Policy periodically for any latest update on the Privacy Policy. Your use of our Website and/or services following the effective date of any update to this Privacy Policy shall constitute your acceptance of the revised/updated Privacy Policy.


User Terms

The use of any product, service or feature (the “Materials”) available through the internet websites accessible at by any user of the Website (“You” or “Your” hereafter) shall be governed by the following terms of use:

This Website is provided by Modefin Limited (hereinafter referred to as “Modefin”), a company incorporated under the Companies Act, 1956 of India, having its registered office at Rajiv Gandhi Nagar, Nandini Layout, Bangalore 560 096, India and shall be used for informational purposes only. By using the Website or downloading Materials from the Website, You hereby agree to abide by the terms and conditions set forth in this Terms of Use. In the event of You not agreeing to these terms and conditions, You are requested by Modefin not to use the Website or download Materials from the Website.

This Website, including all Materials present (excluding any applicable third party materials), is the property of Modefin and is copyrighted and protected by worldwide copyright laws and treaty provisions. You hereby agree to comply with all copyright laws worldwide in Your use of this Website and to prevent any unauthorized copying of the Materials. Modefin does not grant any express or implied rights under any patents, trademarks, copyrights or trade secret information.

Modefin has business relationships with thousands of customers, suppliers, governments, and others. For convenience and simplicity, words like joint venture, partnership, and partner are used to indicate business relationships involving common activities and interests, and those words may not indicate precise legal relationships.

Limited License

Subject to the terms and conditions set forth in these Terms of Use, Modefin grants You a non-exclusive, non-transferable, limited right to access, use and display this Website and the Materials thereon. You agree not to interrupt or attempt to interrupt the operation of the Website in any manner. Unless otherwise specified, the Website is for Your personal and non-commercial use. You shall not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer, or sell any information, software, products or services obtained from this Website.


• This is to inform and clarify that individuals (limited to employees of Modefin and referred to as “Individuals” hereafter) may contribute articles and opinions on this Website entirely at the sole discretion of Modefin, in the form of “blogs”, as such term is generally understood. You hereby acknowledge and agree that these blogs constitute the opinion of the Individuals in their personal capacity, and may not represent official positions of Modefin in any manner. Modefin retains all copyright to these blogs.

• You may be permitted to post comments and feedback to these blogs. By doing so, You expressly agree and acknowledge to abide by the following –

• You shall not defame, abuse, harass or threaten Modefin or any third party, or otherwise violate the legal rights of Modefin or any third party.

• You shall not contribute any content or take any action that may in any manner adversely affect the reputation of Modefin, or that is otherwise detrimental to Modefin.

• You shall not in any manner publish or post any inappropriate, defamatory, infringing, obscene, racist, terrorist, politically slanted, indecent or unlawful topic, name, material or information.

• You shall not use profane and objectionable language or abbreviations. You shall not use any character(s) as a substitute for objectionable language.

• You shall not in any manner reveal confidential or proprietary information of any third party. Specifically, You shall not post any material for which You do not have requisite and applicable right(s) under law.

• You shall not conduct any contests or publish or propagate any forwards.

• You shall not defame, abuse, harass, stalk, threaten or otherwise violate the legal rights (such as rights of privacy and publicity but not limited to the foregoing) of any other party including Modefin.

• You shall not publish, post, upload, distribute or disseminate any inappropriate, profane, defamatory, obscene, indecent or unlawful topic, name, material or information.

• You shall not upload or otherwise make available, files that contain images, photographs, software or other material protected by intellectual property laws, including, by way of example, and not as limitation, copyright or trademark laws (or by rights of privacy or publicity) unless You own or control the rights thereto or have received all necessary consent to do the same.

• You shall not upload files that contain viruses, Trojan horses, worms, time bombs, cancelbots, corrupted files, or any other similar software or programs that may damage the operation of another’s computer or property of another.

• You shall not advertise or offer to sell or buy any goods or services for any business purpose
• You shall not download any file posted that You know, or reasonably should know, cannot be legally reproduced, displayed, performed, and/or distributed in such manner.

• You shall not falsify or delete any copyright management information, such as author attributions, legal or other proper notices or proprietary designations or labels of the origin or source of software or other material contained in a file that is uploaded.

• You shall not create a false identity for the purpose of misleading others. You shall not in any way deface or vandalize this Website, or prevent or restrict others from using this Website.

• You shall indemnify and hold harmless Modefin from any claims and loss incurred by Modefin as a result of Your violation of these Terms of Use.

• You acknowledge that Modefin may, at its sole discretion, monitor, remove or edit any content that You contribute. Modefin may also pursue remedies available to it under law for any violation of these terms and conditions.

Third Party Content

The Website makes information of third parties available, including articles, analyst reports, news reports, tools to facilitate calculation, company information and data about financial markets, including any regulatory authority and other financial markets and other data from external sources (the “Third Party Content”). You acknowledge and agree that the Third Party Content is not created or endorsed by Modefin. The provision of Third Party Content is for general informational purposes only and does not constitute a recommendation or solicitation to purchase or sell any securities or shares or to make any other type of investment or investment decision. In addition, the Third Party Content is not intended to provide tax, legal or investment advice. You acknowledge that the Third Party Content provided to You is obtained from sources believed to be reliable, but that no guarantees are made by Modefin or the providers of the Third Party Content as to its accuracy, completeness, timeliness. You agree not to hold Modefin, any business offering products or services through the Website or any provider of Third Party Content liable for any investment decision or other transaction You may make based on Your reliance on or use of such data, or any liability that may arise due to delays or interruptions in the delivery of the Third Party Content for any reason By using any Third Party Content, You may leave this Website and be directed to an external website, or to a website maintained by an entity other than Modefin. If You decide to visit any such site, You do so at Your own risk and it is Your responsibility to take all protective measures to guard against viruses or any other destructive elements. Modefin makes no warranty or representation regarding, and does not endorse, any linked Websites or the information appearing thereon or any of the products or services described thereon. Links do not imply that Modefin or this Website sponsors, endorses, is affiliated or associated with, or is legally authorized to use any trademark, trade name, logo or copyright symbol displayed in or accessible through the links, or that any linked site is authorized to use any trademark, trade name, logo or copyright symbol of Modefin or any of its affiliates or subsidiaries. You hereby expressly acknowledge and agree that the linked sites are not under the control of Modefin and Modefin is not responsible for the contents of any linked site or any link contained in a linked site, or any changes or updates to such sites. Modefin is not responsible for webcasting or any other form of transmission received from any linked site. Modefin is providing these links to You only as a convenience, and the inclusion of any link shall not be construed to imply endorsement by Modefin in any manner of the website.


Use Of Cookies

Cookies are small text files that, like most other Web servers, we place in your device that you use to access our website. This is done to recognize your device during a session or in your future visits to our website, primarily in order to provide better user experience.

Types Of Cookies Used

Session cookie – Session cookies remain only as long as a browsing session is active, and are intended to avoid user inconvenience during browsing. These cookies allow websites to link the actions of a user during a browser session and expire at the end of the browsing session. Session cookies also assist the user in navigating the website, and allow the user to access secure parts of the webpage when logged in.

Persistent cookie – Persistent cookies are stored on a user’s device even after termination of a browsing session. It helps in recalling the preferences or actions of the user. Persistent cookies are used for a variety of purposes such as retaining the visitor’s language and regional preference(s) at the end of each browsing session. We may use services of third-party analytics service provider to analyze cookies to carry out a behavioral analysis in order to enhance user experience and convenience, and also to provide targeted and relevant content to visitors.

Depending on the type and settings of your browser, cookies may be accepted by default. You may change the settings of your browser to delete existing cookies or prevent future cookies from being automatically accepted. If you disable cookies, certain parts and functions of our website may not be available. You can learn more about cookies at

Third Party Cookies

When you visit Modefin website, our advertisement partners, Google and Facebook, whom we have engaged for remarketing may introduce cookies. Based on your browsing of our website you may see our advertisements while browsing through our advertisement partner websites and/or their network websites.

Such cookies would allow us to monitor the effectiveness of the advertisements and to make the advertisements more relevant to you. In order to opt out from receiving such advertisements, you may set your preferences on our partner websites.

Limitation Of Damages

In no event shall Modefin or any of its subsidiaries or affiliates be liable to any entity for any direct, indirect, special, consequential or other damages (including, without limitation, any lost profits, business interruption, loss of information or programs or other data on your information handling system) that are related to the use of, or the inability to use, the content, materials, and functions of this Website or any linked Website, even if Modefin is expressly advised of the possibility of such damages.

No Warranties

This website, the information and materials on the site, and any software made available on the Website, are provided “as is” without any representation or warranty, express or implied, of any kind, including, but not limited to, warranties of merchantability, non-infringement, or fitness for any particular purpose. There is no warranty of any kind, express or implied, regarding third party content. In spite of Modefin’s best endeavors, there is no warranty on behalf of Modefin that this Website will be free of any computer viruses. Some jurisdictions do not allow for the exclusion of implied warranties, so the above exclusions may not apply to you.


The website may contain inaccuracies and typographical and clerical errors. Modefin expressly disclaims any obligation(s) to update this website or any of the materials on this website. Modefin does not warrant the accuracy or completeness of the materials or the reliability of any advice, opinion, statement or other information displayed or distributed through the Website. You acknowledge that any reliance on any such opinion, advice, statement, memorandum, or information shall be at your sole risk. Modefin reserves the right, in its sole discretion, to correct any errors or omissions in any portion of the Website. Modefin may make any other changes to the Website, the materials and the products, programs, services or prices (if any) described in the Website at any time without notice. This Website is for informational purposes only and should not be construed as technical advice of any manner.

Posting On Modefin Website

Modefin does not claim ownership of the materials You provide to Modefin (including feedback and suggestions) or post, upload, input or submit to any section of the Website, (each a “Submission” and collectively “Submissions”). However, by posting, uploading, inputting, providing or submitting (“Posting”) Your Submission You are granting Modefin, its affiliated companies and necessary sub-licensees permission to use Your Submission in connection with the operation of their Internet businesses (including, without limitation, all services offered by Modefin), including, without limitation, the license rights to: copy, distribute, transmit, publicly display, publicly perform, reproduce, edit, translate and reformat Your Submission; to publish Your name in connection with Your Submission; and the right to sublicense such rights to any other party.

You hereby acknowledge and agree that no compensation shall be paid or no future commercial consideration has accrued with respect to the use of Your Submission by Modefin, as provided herein. Modefin shall be under no obligation to post or use any Submission You may provide and Modefin shall remove any Submission at any time at its own sole discretion.

By Posting a Submission You hereby warrant and represent that You own or otherwise control all of the rights required under worldwide law for Your Submission as described in these Terms of Use including, without limitation, all the rights necessary for You to provide, post, upload, input or submit the Submissions.

Lawful And / Or Use Of The Website

As a condition of Your use of the Website, You shall not use the Website for any purpose(s) that is unlawful or prohibited by the Terms of Use. You shall not use the Website in any manner that could damage, disable, overburden, or impair any Modefin server, or the network(s) connected to any Modefin server, or interfere with any other party’s use and enjoyment of any services associated with the Website. You shall not attempt to gain unauthorized access to any section of the Website, other accounts, computer systems or networks connected to any Modefin server or to any of the services associated with the Website, through hacking, password mining or any other means. You shall not obtain or attempt to obtain any Materials or information through any means not intentionally made available through the Website.


You agree to indemnify and hold harmless Modefin, its subsidiaries and affiliates from any claim, cost, expense, judgment or other loss relating to Your use of this Website in any manner, including without limitation of the foregoing, any action You take which is in violation of the terms and conditions of these Terms of Use and against any applicable law.


Modefin reserves the rights, at its sole discretion, to change, modify, add or remove any portion of these Terms of Use in whole or in part, at any time. Changes in these Terms of Use will be effective when notice of such change is posted. Your continued use of the Website after any changes to these Terms of Use are posted will be considered acceptance of those changes. Modefin may terminate, change, suspend or discontinue any aspect of the Website, including the availability of any feature(s) of the Website, at any time. Modefin may also impose limits on certain features and services or restrict Your access to certain sections or all of the Website without notice or liability. You hereby acknowledge and agree that Modefin may terminate the authorization, rights and license given above at any point of time at its own sole discretion and upon such termination; You shall immediately destroy all Materials.

International Users And Choice Of Law

This Site is controlled, operated and administered by Modefin from its offices within India. Modefin makes no representation that Materials on this Website are appropriate or available for use at any other location(s) outside India. Any access to this Website from territories where their contents are illegal is prohibited. You may not use the Website or export the Materials in violation of any applicable export laws and regulations. If You access this Website from a location outside India, You are responsible for compliance with all local laws.

These Terms of Use shall be governed by the laws of India, without giving effect to its conflict of laws provisions. You agree that the appropriate court(s) in Bangalore, India, will have the exclusive jurisdiction to resolve all disputes arising under these Terms of Use and You hereby consent to personal jurisdiction in such forum.

These Terms of Use constitutes the entire agreement between Modefin and You with respect to Your use of the Website. Any claim You may have with respect to Your use of the Website must be commenced within one (1) year of the cause of action. If any provision(s) of this Terms of Use is held by a court of competent jurisdiction to be contrary to law then such provision(s) shall be severed from this Terms of Use and the other remaining provisions of this Terms of Use shall remain in full force and effect.

Contact Sync

About – Your Connections. You can use the contact upload feature and provide us, if permitted by applicable laws, with the phone numbers in your address book on a regular basis, including those of users of our Services and your other contacts. If any of your contacts aren’t yet using our Services, we’ll manage this information for you in a way that ensures those contacts cannot be identified by us. Learn more about our contact upload feature here.

How data is used?

Miracle is using your Contact List for the pay-through-contacts service. Information about your contacts in your address book, including phone numbers, will be sent to Miracle Bank server to help you and we write the contacts with their masked account numbers. It helps to transact faster by identifying users in your contacts who are already registered on the Miracle Bank platform. The Contact List who are not registered with us ,their information will not be stored in Miracle databases neither they are not used for any other purposes

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