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Legal Disclosures and Regulatory Policy

Effective Date: June 23, 2026

This document outlines the corporate structure, regulatory compliance framework, lending partnerships, and statutory tax obligations of KirayaPay Fintech Private Limited.

1. Corporate & Regulatory Disclaimer

KirayaPay is a digital platform owned and run by KirayaPay Fintech Private Limited. The Company is a technology facilitator providing software and matchmaking interfaces. We are not a deposit-taking institution, bank, non-banking financial company (NBFC), or licensed credit company. We do not solicit public deposits, nor do we issue credit lines directly to the public.

2. RBI NBFC Co-Lending & Sourcing Disclosures

Any loan products, deposit financing, or credit terms provided via the KirayaPay App are underwritten and disbursed by our RBI-registered NBFC partners. The Company acts as a digital lending agent (LSP/DLA) under the RBI Guidelines on Digital Lending, 2022. Key loan terms, including the annual percentage rate (APR), processing fees, cooling-off periods, and partner NBFC names, are clearly outlined in the Key Fact Statement (KFS) provided before loan execution.

3. Prevention of Money Laundering (PMLA) & KYC Verification

To prevent money laundering, tax evasion, and transactional fraud, we strictly adhere to the Prevention of Money Laundering Act, 2002.

  • Landlord PAN Mandate: In accordance with Indian tax rules, any individual rent transaction exceeding ₹50,000 per month requires Aadhaar-based KYC of the tenant and validation of the landlord's Permanent Account Number (PAN).
  • Verification of Funds: By paying rent through KirayaPay, users confirm that transaction funds are sourced from clean, legal banking channels and do not represent proceeds of crime.

4. Income Tax Compliance: TDS & HRA Receipts

Under Section 194-IB of the Income Tax Act, 1961, tenants paying monthly rent exceeding ₹50,000 are legally obligated to deduct Tax Deducted at Source (TDS) at the rate of 5% (or as amended) and submit it to the Income Tax Department.

  • KirayaPay auto-generates digital rent receipts and payment logs containing landlord names, PAN details, and transaction hashes to support HRA (House Rent Allowance) claims.
  • However, KirayaPay does not offer official tax advisory services. Users are advised to consult a chartered accountant or certified tax professional to ensure personal compliance with tax filing and TDS obligations.