Frequently Asked Questions

1. I am unable to register /create account

A. You might have been using a mail id/mobile no which is already registered with us,If so, please mail us at support@theriteplan.com

2. I am unable to use the promo code.

A. You might have been using an invalid promo code or the promo code might have expired. If not, please mail us at support@theriteplan.com

3. I have not received any email link for activation of my account

A. Please check your spam/Junk mail folder. We recommend that you mark the mail as 'not spam'.

4. I am unable to make payment

A. Request you to please contact us.

5. I have refreshed page while on payment gateway page money has been debited from my account but I am unable to login

A. Request you to please mail us at support@theriteplan.com

6. I have forgot my password

A. Click the forgot password link on login tab.

7. I am unable to make changes in my account (i.e edit/add details in my profile, change values in my income/expense/assets/liablites)

A. Try to restart the application and delete all the cookies. If it still doesn'd work mail us at support@theriteplan.com

8. How secure is my data and personal information?

A. Don't worry; we have taken enough measures to secure your data on the net. We use 256 bit encryption. And, as a matter of practice, we DO NOT SHARE your data with any one without your consent.

9. What are the charges for the different Product Variants?

A. We have 3 product variants - Virtual, Online and In person. As the word itself describes, Virtual Version provide financial planning through GTalk, Hangout and even skype. You can also use our Online Do It Yourself Variant, wherein you have to input the details yourself and results will be provided to you on your personalized Dashboard. Our In Person Variant, included your meeting with Our Financial Planner to have indepth understanding of your Profile, and a Financial Planning Plan will be prepared and presented post these interactive sessions. You Can also try our Free Variant which includes just 2 Goals to have a hang of out product.

Financial Planning Faqs

1. What is Financial Planning?

A. In simple words, financial planning is the process of meeting your life goals through proper management of your finances. Financial Planning involves analysing your existing financial health, your future cash flow expectations, and the impact of them on your life goals taking inflation into picture. This exercise will develop a road map for your financial freedom. Financial planning helps you plan for your financial needs that will arise in future. The process involves making sure you are set for big expenses like your retirement planning and your child's future without any hassles.

2. Why is a financial plan required?

financial plan helps drive your financial decisions to a defined goal. It helps you determine how much to save today for the future needs/goals you've have planned for, having a well-defined financial plan is like getting halfway through to achieving your goals.

3. How Financial Planning makes a difference?

A. Financial Planning involves a comprehensive, ongoing approach to manage all areas of your financial life. It basically quantifies your life goals, and lets you know how much you need to save to achieve what you want. As per a recent survey, people who have their financial plan in place are more at peace of mind in comparison to others

4. Is it enough, if I do financial planningonly once?

A. Financial Planning cannot be done only once. A financial plan should be reviewed constantly at every important stage in life. For e.g. buying a house, birth of a child, etc.

5. What should it include?

A. Financial plan should include assessment of your current financial status, your net worth, goals, insurance planning, retirement planning, tax planning, and future cash flows. Plus, implementation and continuous review of your actions are also an integral part of financial planning.

6. Why should I opt for your services?

A. Any individual seeking financial assistance on planning for future can benefit from our services(Single/married/ married with kids can plan for their future).Our solution is online and you can use it anywhere anytime without any hassles. It is simple and without jargon which won't confuse you. It helps you summarize all your Investments, Assets, Liabilities, and even your expenditure hence giving you a larger picture.

7. When should I start my financial plan?

A. The sooner you start your financial planning the better it is as it gives you more time to plan and gives your money more time to grow . Planning early increases your return possibilities while simultaneously reducing your risk.

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8. How does it work?

A. It is very simple. You register with Riteplan, input your details and you will be able to see the result on your dashboard and you will also receive a financial plan report containing your details and savings required to achieve your goals.

9. What are the steps involved in financial planning?

A. Financial planning involves the following steps -

  • Understanding your current financial status
  • Identifying your needs
  • Planning for the needs
  • Implementation of the plan
  • Consistent review/monitoring of the adopted plan

10. What type of information do I have to provide?

A. You have to provide us details of your income, expenditure, existing assets and liabilities, details of your dependants. The more accurate information you give, the better the plan will be.

11. Why do I have to provide so much personal information?

A. It is like visiting a lawyer or a doctor. Without completely studying your case a lawyer cannot help you winning the case and without understanding of symptoms the right prescription cannot be given. The same applies to financial planning, In order to obtain the best out of our solution, your financial details and specifics must be disclosed. We take every little detail into account, because even the smallest things matter.

12. How do I know what is my risk taking ability?

A. The Rite plan has builtin intelligence which defines your risk taking ability by understanding two core things. One is your Risk taking capability and your appetite towards risk. You just have to answer a few multiple choice questions and the results will be computed.

13. What are the types of goals that I can plan for?

There are various kinds of goals which you can set and plan for, some of which are listed below -

  • Own a Car
  • Go on a vacation
  • Plan for Child's Education
  • Save for your Child's Wedding
  • Plan for retirement
  • Plan for Insurance
  • Create a Backup Fund
  • Fund your Business Venture
  • Create your Own Goal!

14. How do I allocate funds for all my goals?

A. Once you have set a goal you can assign existing assets to the goal and our systemwill provide the amount you would require to invest on a regular basis considering the time frame of your goal.

15. After a plan is developed, what next?

A. The first thing you have to do is to start Executing. That may be allocating your savings in an appropriate manner based on your report. After executing, you can monitor your plan and make necessary changes if required.

17. How frequently should I review my goals?

Life is ever changing and dynamic. You might start with a set of goals, some of which could be primary like children's education and your retirement while others are secondary or tertiary or aspirational goals. As your financial circumstances change, you have an opportunity to review your goals, pre-pone or postpone some, and add new goals. Ideally Before/After every Life changing events such as New Job/Business, marriage, birth of a child etc review should also be done. With respect to your investments, you need to ensure that you are getting the desired results.

18. What if I don't achieve my Goals?

A. Financial Planning is not a one-time activity, it is an ongoing process. It also depends on various factors like inflation, political and macro-economic changes, and also the personal circumstances you are in. If all these factors are negative, it might hamper the planning process. That is why, it is important to keep reviewing your financial plan to check whether it is proceeding as per plan or not.

19. What kind of Reports I can get after joining theriteplan?

A. We will provide very detailed report on every financial goal you set. Please Click Here to see the sample report.Note: these reports can be regenerated as many times as you want and can even get the latest reports after changing your data in the portal.

20. Who is the governing body for Financial Planning?

A. Financial Planning in India is at a start-up stage. There is thus no government body directly governing the financial planning industry. However, the Financial Planning Standards Board (FPSB) India, which is a public-private enterprise, and a professional standards setting body for Financial Planners in India proactively guides the development and promotion of standards for Financial Planning professionals.

FPSB India closely works with all the stakeholders' viz., the Government, the Regulators, the Industries/Associations, the Corporate, the Media, and the General Public to achieve its objectives.

FPSB has started Professional Certification Standards for Financial Planning & Advisory Services Organizations. The objective of the said Certification Standards for the Firms and Institutions is to create quality standards and benchmarks across the Financial Advisory Business Spectrum and to help facilitate the augmentation of competent Financial Advisory practice in the Country.