Reliance Jio may give you part refund on JioPhone before 3-year lock-in period. Here are the details

Reliance Industries Chairman Mukesh Ambani had announced a refundable security deposit of Rs 1500 while rolling out the JioPhone. He said the deposit will be refunded after three years, making the JioPhone free for the customers.

As per the latest development, it is likely that Reliance may roll out a partial refund of the security deposit before the three-year lock-in period.

The pre-booking of 4G feature phone, rolled out by Reliance Jio, will begin from August 24 and as per various reports, the telecom operator is mulling over partial roll out scheme.

Reportedly, Jio may announce the terms of the refund scheme in the next few days.

Reliance Jio is considering whether the refund policy and additional monthly tariff of Rs 153 would be attractive enough for users to switch to JioPhone or not.

According to a Goldman Sachs report, subscribers who pay Rs 1,500 as deposit for three years for a phone and pay Rs 164 per month are two mutually exclusive sets.