Lirunex Privacy Policy Framework for Indian Users

Understanding Our Privacy Policy Structure in India

At Lirunex, our privacy policy defines clear data protection protocols tailored for Indian traders. We strictly adhere to Indian laws including the Information Technology Act and Reserve Bank of India regulations. Our policy details how personal data is collected, processed, and safeguarded within our trading ecosystem. Indian users access the full privacy policy through our website or client portal, ensuring transparency. Compliance updates are routinely implemented to keep pace with evolving standards.

Our privacy policy applies to all trading services, including desktop and mobile platforms. Data is processed only for legitimate reasons such as account verification, transaction execution, and regulatory compliance. Lirunex guarantees uniform privacy protection for its Indian client base, aligning with global standards.

Personal Data Collection Methods We Implement

Lirunex collects personal details through several channels during onboarding and trading. Registration mandates full name, email, phone, and Indian residential address. Identity verification requires uploading Aadhaar card, passport, or driver’s license scans. Financial details, including bank accounts and UPI IDs, are collected during fund deposits and withdrawals. Our platform logs trading activity such as login times and selected instruments for compliance and analysis.

Mobile apps capture device data like OS version, model, and unique device IDs. Location data supports regional service delivery and regulatory adherence within India. Communication data includes support chats, emails, and call recordings. Cookies track browser types, IP addresses, and session durations to improve user interactions. Marketing preferences are recorded based on explicit user selections during account setup.

Data Processing Purposes and Legal Basis

Data processing at Lirunex supports essential trading functions under Indian law. Account verification confirms identity per KYC standards mandated by financial regulators. We use data to facilitate secure logins and block unauthorized access. Transaction data is processed to execute trades and handle deposits or withdrawals efficiently. Risk management algorithms analyze trading behavior to detect possible fraud or misuse.

Marketing communications are dispatched only with user consent and aligned with preferences. Personalized market insights are generated through trading activity analysis. Regulatory compliance includes sharing data with Indian authorities when legally required. Anti-money laundering and sanction checks are integral to our data processing. Audit logs maintain transparency and support compliance reviews.

• Secure login authentication and identity verification
• Transaction execution and fund processing
• Risk and fraud management systems
• Marketing based on explicit consent
• Regulatory reporting and compliance checks

Security Measures Protecting Your Information

Lirunex employs advanced security technologies to shield user data. End-to-end encryption secures data flow between clients and servers using SSL/TLS protocols. Backend databases apply access controls, frequent audits, and intrusion detection systems. Firewalls and anti-malware software protect servers continuously. Role-based permissions limit employee data access to essential functions only.

Two-factor authentication (2FA) adds a critical security layer for login procedures. Suspicious login patterns trigger immediate alerts and investigations. Regular penetration tests and vulnerability scans identify weaknesses. Data backups are encrypted and stored securely to enable recovery without compromising privacy. Incident response plans ensure swift action upon security threats.

Core security features include:

• SSL/TLS encryption for all communications
• Multi-factor authentication enabled
• Continuous system monitoring and alerts
• Secure data centers with controlled physical access
• Regular third-party security audits

User Rights Under Indian Data Protection Laws

Indian clients have defined rights over their personal data stored by Lirunex. Users may request full access to their information and trading records. Data portability allows retrieval in machine-readable formats for external use. Corrections can be made via the client portal to update inaccurate details. Data deletion requests are honored where legally permissible, balancing regulatory retention mandates.

Consent withdrawal is supported for non-essential data usage, with core trading functions unaffected. Objections to automated decisions can be raised through customer support. Data breach notifications comply with Indian law, delivered within 72 hours of incident detection. We uphold transparency with detailed records and frequent privacy impact assessments.

Data Sharing and Third-Party Disclosures

Lirunex shares personal data strictly with authorized third parties crucial for service delivery. Payment gateways access financial details for transaction processing, adhering to equivalent data protection standards. Regulatory bodies receive required information under Indian financial laws. Data is disclosed for fraud prevention and legal compliance only.

Technology vendors access limited data for platform upkeep under confidentiality agreements. Cloud storage providers maintain encrypted data with strict security protocols. Customer support teams may access communication logs and account details to resolve issues. Marketing partners receive only anonymized aggregated data for analysis. We do not sell personal information to commercial entities.

International Data Transfers

Some processing involves transferring data outside India with adequate protection mechanisms. Standard contractual clauses and binding corporate rules govern these transfers. Transfers comply with EU adequacy decisions and are preceded by impact assessments. Users are informed of international data processing affecting their information.

Data Retention Policies and Deletion Procedures

Retention of personal data follows Indian regulatory and business requirements. Account data remains active for the duration of the client relationship. Trading records are stored for seven years post account closure to meet RBI mandates. Support and communication records are kept for three years. Marketing consents are retained until revoked or account termination.

Automated deletion systems remove outdated data on schedule, supplemented by manual audits. Notifications are sent prior to major data erasure events impacting user accounts. Secure disposal methods ensure irretrievable deletion of sensitive materials. Third-party processors are contractually bound to identical data destruction standards.

Privacy Policy Updates and Notifications

Lirunex reviews and revises the privacy policy regularly to comply with legal and operational changes. Users receive email and platform notifications for major updates, with 30 days’ advance notice. Minor amendments are published online with the effective date indicated. Continued use of the platform implies acceptance of updated terms.

Objections to changes can be submitted through customer support. Version control tracks all modifications with timestamps and descriptions. Annual reviews incorporate regulatory guidance and user feedback. We provide educational resources and notifications to keep Indian users informed. Our privacy team is available for detailed inquiries regarding data handling and policy enforcement.