Glide Invest FAQ: How can I trust you not to misuse my mandate, bank account and other information?

How can I trust you not to misuse my mandate, bank account and other information?

Your bank mandate is a detailed and binding legal document which authorises us to do tasks only as per your instructions. We cannot do anything else outside of your authorised instructions nor will your bank allow for any unauthorised transaction to take place without your knowledge. 

Additionally, we do not have a nodal account where your money is saved.  All online transactions executed on our platform are sent directly to BSE Star, from where they are routed through the bank accounts of the Indian Clearing Corporation Limited (ICCL), followed by the respective bank accounts of the AMCs. We follow the guidelines provided by them for processing of all transactions related to mutual funds.    

All your other details are securely stored in our encrypted database on AWS servers hosted in India. Using 128 bit AES encryption and TLS 1.2, we keep your information safe and secure.

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