Terms of Service

Last Updated: January 23, 2026

Please read these terms carefully before using our financial technology services.

Legal Agreement

Compliance Requirements

User Responsibilities

Important Notice

These Terms of Service constitute a legally binding agreement between you and BV Technologies, a sole proprietorship registered in India ("Company," "we," "us," or "our"). By accessing or using our Services, you agree to be bound by these Terms. If you do not agree to these Terms, do not use our Services.

1. Acceptance of Terms

By accessing, browsing, or using the Services provided by BV Technologies, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service and our Privacy Policy. These Terms apply to all users of the Services, including without limitation users who are browsers, vendors, customers, merchants, and/or contributors of content.

If you are entering into these Terms on behalf of a company or other legal entity, you represent that you have the authority to bind such entity to these Terms. In such case, "you" or "your" shall refer to such entity.

2. Description of Services

BV Technologies provides enterprise-grade financial technology solutions including but not limited to:

Digital Identity Verification

  • EKYC (Electronic Know Your Customer)
  • REKYC (Re-KYC) Services
  • Biometric Authentication

Payment Solutions

  • Payment Gateway Integration
  • Multi-currency Processing
  • Fraud Detection Systems

Trading Platforms

  • Trading CMS
  • IPO Platform Solutions
  • Portfolio Management

Enterprise Solutions

  • Content Management Systems
  • Compliance & Audit Tools
  • API Integration Services

No Brokerage or Investment Services

BV Technologies does not provide brokerage, stock trading, investment advisory, portfolio management, or financial market services. We act solely as a technology service provider offering digital infrastructure solutions. All financial transactions, investment decisions, and account approvals are handled exclusively by the respective regulated broker or financial institution.

Service Availability

We strive to maintain 99.9% service uptime. However, we do not guarantee uninterrupted access to our Services. We may suspend or withdraw any part of our Services for business, operational, or technical reasons.

KYC Onboarding & DigiLocker Integration

As part of our digital onboarding services, BV Technologies provides hosted KYC interfaces for SEBI-registered trading brokers. Where applicable, users may authenticate through DigiLocker or other authorized government-backed digital identity infrastructure to retrieve government-issued documents such as PAN for regulatory compliance purposes.

BV Technologies acts solely as a technology service provider and data processor. All documents are accessed only after explicit user consent and are transmitted securely to the selected broker. We do not resell, publicly expose, or commercially redistribute government-issued data.

Role as Data Processor

In connection with KYC onboarding services, BV Technologies acts as a data processor on behalf of the respective broker or financial institution, which acts as the data controller. We process personal data strictly in accordance with the instructions of the broker and applicable law. We do not independently determine the purposes or means of processing client data.

3. Eligibility Requirements

3.1 Age Requirement

You must be at least 18 years of age to use our Services. By using our Services, you represent and warrant that you are at least 18 years old.

3.2 Business Entity Requirements

For enterprise clients, you must have the legal authority to enter into agreements on behalf of your organization. Additional verification may be required for:

Registered Businesses

Valid business registration documents and GSTIN

Financial Institutions

RBI/SEBI/IRDAI registration certificates

3.3 Geographic Restrictions

Our Services may not be available in all jurisdictions. You are responsible for complying with all local laws, regulations, and restrictions in your jurisdiction.

4. User Registration & Account Security

4.1 Account Creation

To access certain Services, you must create an account. You agree to:

  • Provide accurate, current, and complete information during registration
  • Maintain and promptly update your account information
  • Maintain the security of your account credentials
  • Accept responsibility for all activities under your account
  • Notify us immediately of any unauthorized access or security breach

4.2 KYC & Verification Requirements

In compliance with regulatory requirements, we or the respective broker may require:

For Individuals

  • Government-issued ID proof (Aadhaar, PAN, Passport, Driver's License)
  • Address proof (Utility bill, Bank statement)
  • Live photo verification or biometric authentication

For Businesses

  • Certificate of Incorporation/Registration
  • Board Resolution authorizing signatories
  • KYC documents of directors/authorized signatories
  • Proof of business address

DigiLocker & Government Data Access

Where KYC verification involves DigiLocker authentication, document retrieval is performed only after explicit user authorization. Each transaction is session-specific and purpose-limited.

Retrieved documents are used solely for regulatory onboarding with the selected broker and are retained only for the duration necessary to complete onboarding or as required under applicable law or broker instructions, in accordance with our Privacy Policy.

Account Security Warning

You are solely responsible for maintaining the confidentiality of your account credentials. We are not liable for any loss or damage arising from your failure to protect your account information.

5. User Responsibilities & Acceptable Use

5.1 Acceptable Use

You agree to use our Services only for lawful purposes and in accordance with these Terms. You shall not:

Prohibited Activities

  • Engage in money laundering or terrorist financing
  • Violate any applicable laws or regulations
  • Infringe upon intellectual property rights
  • Attempt to circumvent security measures

System Abuse

  • Introduce viruses or malicious code
  • Overload our systems with excessive requests
  • Reverse engineer or decompile our software
  • Use bots or automated systems without permission

5.2 Regulatory Compliance

As a user of our financial technology Services, you are responsible for complying with:

Regulation Applicable To Key Requirements
PMLA, 2002 All Financial Services KYC, Record Keeping, Reporting
RBI Guidelines Payment Systems Data Localization, Security Standards
SEBI Regulations Trading Platforms Investor Protection, Disclosure
Digital Personal Data Protection Act, 2023 Personal Data Processing Consent, Data Minimization, Security Safeguards

5.3 Broker-Specific Consent

If you are completing onboarding for a trading broker through our hosted interface, you acknowledge and authorize BV Technologies to securely transmit your verified KYC data to the broker selected by you.

Separate consent is required for each broker onboarding session. BV Technologies does not reuse your KYC information across brokers without fresh authorization.

5.4 API Usage Restrictions

If you access our Services through APIs or integration interfaces, you agree not to:

  • Resell, sublicense, or commercially redistribute API access without written authorization
  • Use the Services for unlawful onboarding or non-compliant financial activities
  • Attempt to extract source code, system architecture, or proprietary logic
  • Exceed rate limits or attempt to disrupt system availability

6. Intellectual Property Rights

6.1 Our Intellectual Property

All rights, title, and interest in and to the Services, including all intellectual property rights, are and will remain the exclusive property of BV Technologies and its licensors. Our Services are protected by copyright, trademark, patent, and other applicable laws of India.

Protected Assets Include:

Software & APIs

Documentation

Algorithms & Models

6.2 License Grant

Subject to your compliance with these Terms, we grant you a limited, non-exclusive, non-transferable, non-sublicensable license to access and use our Services for your internal business purposes.

License Restrictions

You may not: (i) modify, distribute, or create derivative works based on our Services; (ii) reverse engineer or attempt to extract source code; (iii) use our Services to build competitive products; (iv) remove any proprietary notices.

6.3 User Content

You retain ownership of any content you submit through our Services. By submitting content, you grant us a worldwide, royalty-free license to use, process, and store such content as necessary to provide our Services and comply with legal obligations.

7. Fees, Payments & Billing

7.1 Service Fees

Our Services are provided on a subscription or transaction basis as detailed in our pricing plans. All fees are quoted in Indian Rupees (INR) unless otherwise specified.

Subscription Plans

Monthly/Annual billing cycles

Transaction Fees

Per verification/transaction charges

Custom Pricing

Enterprise volume-based pricing

7.2 Payment Terms

Payment Methods

We accept credit/debit cards, net banking, UPI, and wire transfers.

Invoicing

Invoices are generated electronically and available through your account dashboard.

Late Payments

Late payments may incur interest charges at 1.5% per month or maximum allowable by law.

Payment Gateway Disclaimer

BV Technologies may integrate with regulated third-party payment gateways for transaction processing. We act solely as a technical facilitator and do not store complete card credentials. Payment processing is subject to the terms and policies of the respective payment service provider.

BV Technologies does not hold, receive, or control client funds at any time.

7.3 Taxes

All fees are exclusive of taxes. You are responsible for paying all applicable taxes, including GST, VAT, or other levies as required by law. We will provide tax-compliant invoices reflecting applicable taxes.

8. Termination & Suspension

8.1 Termination by You

You may terminate your account at any time by providing written notice to us. Termination will be effective at the end of your current billing cycle. No refunds will be provided for partial months of service.

8.2 Termination by Us

We may suspend or terminate your access to the Services immediately, without notice, if:

  • You breach any provision of these Terms
  • We are required to do so by law or regulatory authority
  • We discontinue the Services
  • You engage in fraudulent or illegal activities

8.3 Effect of Termination

Upon termination:

  • Your right to use the Services will immediately cease
  • You must pay all amounts owed up to the termination date
  • We may delete your data in accordance with our data retention policy
  • Certain provisions will survive termination (Sections 6, 9, 10, 11)

9. Disclaimer of Warranties

No Warranties

THE SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMISSIBLE BY APPLICABLE LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

We do not warrant that:

  • The Services will be uninterrupted, timely, secure, or error-free
  • The results obtained from using the Services will be accurate or reliable
  • The quality of any products, services, information obtained will meet your expectations
  • Any errors in the Services will be corrected

You understand and agree that any material downloaded or otherwise obtained through the use of the Services is done at your own discretion and risk. You will be solely responsible for any damage to your computer system or loss of data that results from the download of such material.

10. Limitation of Liability

Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL BV TECHNOLOGIES, ITS DIRECTORS, EMPLOYEES, PARTNERS, AGENTS, SUPPLIERS, OR AFFILIATES BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING WITHOUT LIMITATION, LOSS OF PROFITS, DATA, USE, GOODWILL, OR OTHER INTANGIBLE LOSSES.

10.1 Cap on Liability

Our total cumulative liability to you for all claims arising from or related to these Terms or the Services shall not exceed the total amount of fees paid by you to us in the twelve (12) months preceding the event giving rise to the claim.

Exceptions

This limitation of liability shall not apply to: (i) death or personal injury caused by our negligence; (ii) fraud or fraudulent misrepresentation; (iii) any liability that cannot be limited or excluded by applicable law.

10.2 Risk Allocation

You acknowledge and agree that the disclaimers and limitations of liability in these Terms reflect a reasonable and fair allocation of risk between you and us, and that these limitations are an essential basis of the bargain between us.

10.3 Regulatory & Broker Decisions

BV Technologies shall not be responsible or liable for any decisions, actions, omissions, approvals, rejections, delays, or compliance determinations made by brokers, financial institutions, regulators, or government authorities. We provide only technical infrastructure and do not influence or participate in such decisions.

10.4 Force Majeure

BV Technologies shall not be liable for any delay or failure to perform resulting from causes beyond our reasonable control, including but not limited to acts of God, natural disasters, internet failures, regulatory changes, government actions, labor disputes, cyber-attacks, infrastructure outages, or failures of third-party service providers.

11. Governing Law & Dispute Resolution

11.1 Governing Law

These Terms shall be governed by and construed in accordance with the laws of India, without regard to its conflict of law provisions. The United Nations Convention on Contracts for the International Sale of Goods shall not apply.

11.2 Jurisdiction

Any legal suit, action, or proceeding arising out of or related to these Terms or the Services shall be instituted exclusively in the courts of Thanjavur, India. You waive any objection to the venue and personal jurisdiction of such courts.

11.3 Dispute Resolution

In the event of any dispute arising out of or in connection with these Terms, the parties shall first attempt to resolve the dispute through good faith negotiations.

Escalation Process

1
Written notice of dispute
2
Senior management negotiation (30 days)
3
Mediation (if mutually agreed)
4
Court proceedings in Thanjavur, Tamil Nadu

12. Changes to Terms of Service

We reserve the right, at our sole discretion, to modify or replace these Terms at any time. If a revision is material, we will provide at least 30 days' notice prior to any new terms taking effect.

What constitutes a material change?

Changes that we consider material include, but are not limited to: (i) changes to fee structures; (ii) changes affecting user privacy or data protection; (iii) changes limiting user rights; (iv) changes affecting service availability or functionality.

12.1 Acceptance of Changes

By continuing to access or use our Services after any revisions become effective, you agree to be bound by the revised Terms. If you do not agree to the new Terms, you must stop using the Services.

12.2 Notification Methods

We may notify you of changes through: (i) email to the address associated with your account; (ii) posting a notice on our website; (iii) notification within the Services; (iv) any other method we deem appropriate.

Contact Information

Legal Department

BV Technologies Legal Team

support@bvtechnologies.co.in

Registered Office

BV Technologies
No 2405, Gobalamuthaliyar Lane, South Street,
Thanjavur, Tamil Nadu, India - 613009

Grievance Officer (India)

In accordance with the Information Technology Act, 2000 and rules made thereunder:

Name: Mrs. Bhavani
Email: bhavani.v@bvtechnologies.co.in
Response Time: Within 30 days of receipt of complaint

Acknowledgement

By using our Services, you acknowledge that you have read these Terms of Service, understand them, and agree to be bound by them. You also acknowledge that you have read and understood our Privacy Policy.

These Terms of Service were last updated on January 23, 2026.

© 2026 BV Technologies. All rights reserved.