In January last year, Kaustuv Majumdar, 40, took a trip to the Andamans with his family. The idea of the holiday surfaced just about two months ago in November 2016 when his sister’s family visited him in Kolkata. He estimated the total cost of the trip at around ₹50,000 for a family of two adults and one child. What he finally spent on the holiday was more than double his estimate—₹1.12 lakh—which he funded through his credit card that he repaid through EMIs. In the end, what he finally shelled out was ₹1.33 lakh, including the interest and other charges he paid to the credit card company.
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