Collection, Usage and Retention of Customer Information

Bank of Baroda, New York (hereinafter referred to as “The Bank”) shall collect, use and retain information about its customers only, when it believes that it would be useful and allowed by law in administering its business, and for providing existing/new products and services to its customers. If requested by a customer, the Bank shall disclose the specific business purpose for collection of information.

Maintenance of Accurate Information

The Bank has implemented procedures to ensure that the customer’s financial information is accurate, current and complete in accordance with reasonable commercial standards. While some procedures are required by Federal or State Law, the Bank has procedures in place for rectifying inaccurate information in a timely manner.

Limiting Employees Access to Information

Employee access to personally identifiable information is restricted depending on the nature of the employees work. The Bank shall educate its employees so that they will understand the importance of customer confidentiality and customer privacy.
The customer privacy issues are a part of the Bank’s employee handbook and “Code of Conduct”. All employees are required to follow the guidelines.

Protection of Information

The Bank ensures that appropriate security standards and procedures are maintained to prevent unauthorized access to confidential customer information.

Additional Information

In case any customer is concerned about financial privacy and wants to know more about this issue, can obtain a copy of the Bank’s privacy policy at its office location, by calling at its main number 212-578-4550 or by sending a written request to: Bank of Baroda - 1 Park Avenue, New York, NY 10016.