We comply with the Anti-Money Laundering (AML) guidelines established by the Reserve Bank of India, vide notification RBI/DBR/2015-16/18, Master Direction DBR.AML.BC. No.81/14.01.001/2015- 16 and updated from time to time. The guidelines include, but is not limited to, the following salient conditions:
Every recipient (campaign organisers on Ketto) has to verify their identity per the Know Your Customer (KYC) guidelines. This will include verification of their registered mobile number via a One Time Password (OTP), and one of the identification documents viz. Permanent Account Number, Aadhar Card Number, Passport etc. recognised by the Reserve Bank of India. The list of such registered documents will be updated on Ketto.org site, at its sole discretion, from time to time.
The verification will be essential to withdraw funds from Ketto, and may be asked by Ketto, at its sole discretion, during the course of a campaign. Failure to comply, may result in cancellation of a fundraising campaign, and funds may be returned to donors in such a scenario.
Your location as reflected on your Campaign page must match your legal residence that you submit to Ketto when you create a withdrawal request. Campaigners may not create multiple Campaigns without proof of meeting fulfilment obligations from the original Campaign. Failure to adequately fulfil Campaign obligations may result in Ketto removing the Campaign(s) and seeking reimbursement of Campaign funds raised, including by using third-party collections services. Only the Campaigners shall be permitted to collect Campaign funds.
Campaigners are responsible for collecting and remitting any taxes on Contributions, and any taxes due in connection with Campaigners shall not use a false email address to self-fund, or contribute to, their own Campaigns; this is a violation of Ketto’s policies and Terms of Use.
Ketto may attempt to verify the identity and other information provided to us by Campaigners, and we may delay, withhold, reverse or refund any Contributions or other amounts without notice or liability in the event we are unable to verify any such information to our satisfaction. Campaigners’ eligibility is subject to Ketto’s review of the fulfilment status of prior crowdfunding obligations.
Tax authorities may classify funds raised on the Website or Application as taxable income of the Campaigner and any beneficiary who will receive funds directly from the applicable Campaign. Ketto will ask for the personal account number / tax identification number (PAN) of Campaigners and any beneficiaries so that we may report taxable income to the relevant tax authorities. Note that Personal Account Number / Tax Identification Number (PAN) shall be collected from donors who wish to avail tax benefit under Section 80G of the Income Tax Act.
For contributors on Ketto.org, only standard channels of payment - verified credit or debit cards, net banking, UPI ID or cash (up to limits allowed by the RBI) - will be allowed. In case of cash payments, all payments above INR 24,999 have to be furnished with the Permanent Account Number of the contributor.
Recipients (campaign organisers, whether individuals or organizations) will comply with foreign exchange rules as under the Foreign Exchange Management Act, 1999 & FCRA.
The recipients acknowledge and agree that Ketto does not verify the recipients’ compliance with applicable law and it is the responsibility of the recipient to procure the necessary approvals and do the necessary compliance before they withdraw the foreign funds received for the campaign. By asking to withdraw the foreign funds its understood by Ketto that the recipient has completed the necessary documentation.
AML policies will be updated time to time at the sole discretion of Ketto.