Today at Reliance Industries Annual General Meeting, Mr. Mukesh Ambani announced the Jio Phone for a refundable fee of Rs. 1,500. The device will be available starting August 15 to select beta users. Reliance Jio will be putting the phone up for registrations starting August 24 and will be delivering it starting September on a first come first serve basis. The Jio Phone users can return the phone after a period of 3 years to get a full refund. This will make the effective cost of the phone to come out as Rs. 0. Reliance Jio said that they are charging this fee so that nobody misuses their devices.
How to get the phone
During the AGM, Mr. Ambani said that 5 million units of the Jio Phone will be put on sale every week all over India. However, it remains to be seen how the phone performs and will it be able to revolutionalize the mobile industry like Reliance Jio did for the Telecom Industry.