You may get part refund for Jio 4G phone before 3 years. Here's why
The terms for the scheme
could be announced in next few days.
LATSET
NEWS : Reliance
Jio may soon announce a scheme offering buyers of its 4G phone the choice
to return the handset before the specified time period of three years and in
return get a partly refund. The terms for the scheme could be announced in next
few days, according to a Economic Times report.
The pre-bookings for the phone will start on August 24.
The phone was introduced as "India ka Smartphone" and
launched at an "effective price" of Rs 0. The catch was that buyers
would have to shell out a refundable, upfront deposit of Rs. 1,500 for the
device (which is refundable after three years).
However, the phone may fail to match up to Jio's expectation, if some
reports are to be believed.
JP Morgan, in a report, said that in India where there is the
prevalence of multi-SIM phones and the pre-paid monthly churn stands at around
5 per cent, it may be unrealistic to expect consumers to embrace single-SIM
phones and get locked in for three years with them. "In all likelihood, if
the consumer can afford to pay at least Rs 153/month for three years, she is
quite likely a smartphone user well before this three-year period runs
out," JP Morgan said in a report.
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