MUMBAI, India, Oct. 26 -- Intellectual Property India has published a patent application (202621108086 A) filed by Dr. Ranpreet Kaur; Dr. Sonali Prasad Dharmadhikari; Dr. Rajita Yogesh Dixit; and Dr. Jayashree Sandeep Patil on September 08, 2026, for Ai-Based Personal Financial Planning And Budget Management System.
Inventors include Dr. Ranpreet Kaur; Dr. Sonali Prasad Dharmadhikari; Dr. Rajita Yogesh Dixit; and Dr. Jayashree Sandeep Patil.
The application for the patent was published on October 23, 2026, under issue no. 43/2026.
Abstract: The present invention relates to an AI-Based Personal Financial Planning and Budget Management System configured to analyze personal financial information and provide adaptive financial-management recommendations. The system receives income, expenditure, savings, liabilities, investment information, recurring obligations, and user-defined financial goals. A preprocessing module standardizes and categorizes financial transactions, while an artificial intelligence engine identifies spending patterns, financial behavior, anomalies, and potential risks. A predictive module forecasts cash flow, future expenditure, and financial balances. An adaptive budgeting module generates category-specific spending limits according to changing financial conditions. A goal-management module monitors progress toward financial objectives and recommends suitable adjustments. The system further provides alerts, scenario analysis, explainable recommendations, and user feedback mechanisms. Security and access-control components protect financial information while maintaining user control over financial data and recommendations.
Disclaimer: Curated by HT Syndication.
