KYC & AML Policy | Rapidoo Loans

This Know Your Customer (KYC) and Anti-Money Laundering (AML) Policy is framed in accordance with the Reserve Bank of India’s Master Direction on KYC, the Prevention of Money Laundering Act, 2002 (PMLA) and the rules made under it.

Objective

To prevent the misuse of our lending services for money laundering, terrorist financing or other unlawful purposes by verifying the identity of every customer, assessing risk, monitoring activity and reporting suspicious transactions to the appropriate authority.

Key components

Customer identification

Identity and address are verified using valid officially recognised documents such as Aadhaar, PAN, passport or voter ID, together with a recent photograph.

Customer due diligence

Each customer is risk-profiled on the basis of factors including profile, loan amount, source of income and location.

Record maintenance

KYC documents and transaction records are retained for the period prescribed under the PMLA and RBI directions.

Ongoing monitoring

Accounts and repayment activity are reviewed for patterns inconsistent with the customer’s stated profile.

Reporting

Suspicious transactions are reported to the Financial Intelligence Unit — India (FIU-IND) within the timelines prescribed under the PMLA.

Screening

Applicants are screened against applicable sanctions and designated-persons lists before onboarding.

Data protection

Customer information collected for KYC purposes is used only for the purpose for which it was obtained, is stored securely with restricted access, and is not shared with third parties except as permitted by law, as required by a regulator, or with the customer’s consent. Our handling of personal data is described in the Privacy Policy.

Training and audit

Employees and authorised representatives receive periodic training on KYC and AML obligations, including how to identify and escalate suspicious activity. Internal audit tests adherence to this policy and reports findings to the Board.

Designated officer

The Company has designated a Principal Officer responsible for AML compliance, monitoring and regulatory reporting. Queries relating to KYC or AML may be sent to info@rapidooloans.com.

Rapidoo Loans extends credit only to genuine, verified borrowers. This policy is central to maintaining that standard and to meeting our obligations as a regulated lender.

This policy is issued by Trivani Vinimay Private Limited (RBI Reg. No. B.05.05894), which operates the Rapidoo Loans platform. It is reviewed by the Board of Directors periodically and may be updated to reflect changes in regulation or business practice. For clarification, write to info@rapidooloans.com or call +91 9599006664.