Mobile & Agency Banking (mBoB) Privacy Policy

BANK OF BHUTAN- mBoB PRIVACY POLICY DOCUMENT.

Bank of Bhutan treats personal information obtained through the use of this website, electronic device and/or mobile solution/app, or agent as private and confidential and are committed to providing you with the utmost secure access. This Policy relates to the collection, use and disclosure of Personal Information by Bank of Bhutan. (“BoB”, “we”)

A.

Personal Information is information relating to an individual/Company/entity/group (“you” or “your”). and comprises all the details BoB holds or collects about you, directly or indirectly, your transactions, financial information, interactions and dealings with BoB, including information received from third parties and information collected through use of our website and our electronic banking services.

Purposes for use of your personal Information

BoB is determined to meet all your needs and therefore may use and collect personal and/or information to meet our obligations and empower you towards your tomorrow. We have highlighted below some of the many uses of the collected information

  • Statistical analysis,

  • Operational purposes,

  • Conducting market research and surveys,

  • Assessing aptness for products and services,

  • Management of banking relationships,

  • For marketing, promotions, competitions,

  • For compliance with both local or foreign law, judgments or court orders, agreements between any member of the BoB and any authority, regulator, or enforcement agency policies (including BoB’s internal policies), good practice, government sanctions, reporting requirements under legislation, and demands or requests of any authority, regulator, tribunal, enforcement agency, or exchange body,

  • To seek professional advice, including, in connection with any and or prospective legal proceedings, for obtaining legal advice, or for establishing, exercising or defending legal rights,

  • Enable provision of products and services,

  • Credit assessment,

You acknowledge that the above information is by no means exhaustive and shall include any other reason the bank in its discretion deem necessary. We may disclose information to any member of the BoB, including our officers, employees, agents and advisers, and any of the following parties for any of the purposes above. That includes the following, in any jurisdiction.

  • Any member of the BoB anywhere in the world,

  • Any person to whom disclosure is allowed or required by local or foreign law, regulation or any other applicable instrument,

  • Professional advisers (including auditors), third party service providers, agents or independent contractors providing services to support BoB’s business,

  • Any court, tribunal, regulator, enforcement agency, exchange body, tax authority, or any other authority or their agents,

  • Any debt collection agency, credit bureau, insurer or insurance broker, direct or indirect provider of credit protection and fraud prevention agencies.

B. Disclosure

We will not disclose personal information to anyone outside the bank without your permission unless:

  • We are compelled to do so by law,

  • We are compelled by order of any court of law,

  • It is in the public interest to do so,

  • It is necessary to protect our rights.

C. Security

BoB have set up technical and organizational security measures to safeguard your personal information. When using external service providers, we require that they adhere to the same security standards as BoB. Personal Information may be transferred to, or stored at, a location outside of your country of residence but regardless of where, we take all steps reasonably necessary to ensure that personal information is safe and secure. You acknowledge herewith that the Internet is an insecure form of communication and carries with it risks including the risk of access and interference by unauthorized third parties. We do not therefore accept responsibility or liability for the confidentiality, security or integrity of your Personal Information in connection with its transmission over the Internet.

D. Other Terms and Conditions

There are specific terms and conditions in our banking and product agreements that govern the collection, use and disclosure of your Personal Information which shall be read in conjunction with this Privacy Statement.

E. Retention

We retain your Personal Information for legal, regulatory, business and operational purposes.

F. Monitoring

With due regard to any law/legislation, we may record and monitor your electronic communications with us to ensure compliance with our legal and regulatory obligations and internal policies for the purposes outlined above.

G. Right of Access

Subject to applicable law, regulations and/or banking industry guidelines, you may have the right to request a copy of the Personal Information processed in relation to you however BoB may be allowed by law to charge a fee to avail you a copy of personal information.

H. Changes to this Policy

This Privacy Policy may be updated from time to time and should be reviewed regularly. We reserve the right to amend this privacy and security statement at any time. All amendments or updated final versions will be posted on the website. Unless otherwise stated, the current version shall supersede and replace all previous versions of this privacy and security statement policy.

I. Linked Websites

Our Policy does not apply to third-party websites where our online advertisements are displayed or to linked third-party websites not under our control.

J. Communications

We may use your personal or other information on new services or products that may be of interest to you and from time to time, mail, email or SMS information to you about us, our products and services. You are at liberty to contact us in case you do not wish to receive this information and we will remove you from our mailing list.

K. Storing personal information

Personal information we collect via the website is stored in a secure environment and is not available to any person outside the bank. Notwithstanding the above, you hereby acknowledge that the bank shall not be held liable for loss or any actions, complaints, disputes of any nature arising from loss thereof.

L. Our security practices

We are committed to providing secure online services. As such, all interactions with our transactional sites and electronic platforms are protected. Encryption is used to protect the transmission of your personal information when completing online application forms and sending the credentials. Access to information on these servers is restricted to authorized personnel only.

M. Privacy and security statements applying to specific online services

Different online services and BoB entities may have their own privacy and security policies because the nature of their service or products demands a deviation from our general policy. These specific policies will apply to and exclusively govern your use of the particular online service.

Terms & Conditions

You have requested online to register for BoB’s mBoB Services. Your request shall be accepted by BoB, subject to your confirmation and acceptance of the Terms and Conditions governing the usage and operations of the mBoB.

For your convenience, the key Terms and Conditions governing the usage and operations of mBoB are given below:

  • You can only use mBoB to transact in accounts which you are authorized to operate as a single signing authority.

  • You must follow the prescribed authentication procedures and security measures required for transactions.

  • You are responsible for all transactions carried out with your login ID and associated PINS. You, therefore, agree not to reveal your login/ transaction PINS to any other person (including other joint account holders and/ or beneficiaries) or entity through any medium

  • BoB is not responsible for any loss resulting from your violation of the terms and conditions and/or your non-compliance with the prescribed operating procedures. You also agree to indemnify BoB for any loss caused to the Bank by such violation.

  • You agree and confirm that you will not use mBoB for any illegal/ unauthorized purpose or in any manner inconsistent with the terms and conditions.

  • You understand, agree and confirm that BoB does not guarantee the successful completion of all transactions. BoB is not responsible for loss caused by delay, failure or non-availability of mBoB.

  • BoB reserves the right to apply nominal mBoB Service Charges and specify/ modify charges for various facilities/ transactions available in mBoB and to debit the charges to your account at periodic intervals.

  • BoB reserves the right to add, change and/or alter these Terms and Conditions governing the use and operation of mBoB whenever deemed necessary.

Please note that the Terms and Conditions mentioned above is only a brief summary of the key Terms and Conditions and the detailed document is available at here this is the ultimate reference document in case of any doubt/ dispute regarding the Terms and Conditions.