Privacy Policy
We take your privacy seriously. Learn how we collect, use, and protect your information.
Last updated: October 24, 2024
Early Access — Open Now
Introduction
At Arthik.money, we are committed to protecting your privacy and ensuring the security of your personal information. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use our mobile application and related services.
Required App Permissions
SMS Permissions (READ_SMS, RECEIVE_SMS)
arthik.money requires SMS read access to provide its core functionality: automatic transaction tracking from bank and financial SMS messages.
What we read:
- Only SMS from recognized bank and financial institution senders (typically 5-digit alphanumeric sender IDs like AD-SBIINB, VM-HDFCBK).
- Transaction notification messages containing amounts, merchant names, and dates.
What we never read:
- Personal messages between contacts.
- OTP and verification codes (filtered out before processing).
- SMS from non-financial senders.
How data is processed:
- Transaction details (amount, merchant, date, category) are extracted and encrypted with AES-256.
- Processed using our in-house AI — no third-party data processors.
- Raw SMS content is not stored after transaction extraction.
Data retention:
- Extracted transaction data is retained while your account is active.
- You can delete all data at any time from Settings.
- On account deletion, all data is permanently removed within 30 days.
Location Permissions
We request access to permissions (including background location) for:
- Providing personalized financial suggestions based on your location history.
- Detecting potentially fraudulent transactions by comparing transaction locations with your device location.
- Enhancing expense categorization and tagging by associating merchants with locations.
- Improving overall user experience regarding area recommendations.
Note: Location data is encrypted and only used for these specific purposes. You can disable location permissions at any time through your device settings.
Contacts Permission
We request access to your contacts for:
- Enhancing the bill splitting feature by quickly finding and selecting friends to split expenses.
- Simplifying manual expense entry when sharing expenses with contacts.
- Facilitating smoother group expense management.
Important: Contact information is only used within the app to enhance your experience. We never share your contacts list with third parties.
Personal Information
- Name
- Email address
- Phone number
- PAN number (when required)
- Location data (when permitted)
Financial Information
- Transaction details
- Merchant information
- Transaction amounts
- Transaction dates
- Categories of transactions
How We Use Your Information
We use the collected information for various purposes, including:
- Process and categorize your financial transactions.
- Generate automated financial insights and recommendations.
- Provide location-based expense tracking and fraud detection.
- Facilitate group expense management and bill splitting.
- Improve our services and user experience.
- Detect and prevent fraud or security issues.
- Comply with legal obligations.
Data Security
We implement robust security measures to protect your data:
- End-to-end encryption for data transmission.
- Secure storage with AES-256 encryption.
- Regular security audits and penetration testing.
- Strict access controls and authentication measures.
- Regular data backups and disaster recovery procedures.
Contact Us
If you have any questions about this Privacy Policy or our data practices, please contact us: