Two third of the respondents intend to spend money during this festival season, with half of them willing to spend over ₹10,000 on festival purchases, as per the LocalCircles survey.
Bank account fraud, fraud by fly-by-night e-commerce operators, credit and debit card frauds were found to be the major causes of the problem.
The survey attempted to understand from the consumers, about how much their monthly household expenses have risen in the last three months.
While 7% of the respondents said the Budget was far above their expectations, 26% of the respondents said it was “far below”.
