The wait for Reliance Jio feature phone—JioPhone—is over. Reliance Jio will open the pre-booking on August 24 at 5 pm, the company said in a release. The phone which is likely to disrupt not just the telecom but handset sector as well, will be effectively free of cost. Buyers will deposit a refundable fee of Rs 1,500 and then pay Rs 153 a month. JioPhone will be distributed on a ‘first come first serve’ basis to only those who pre-book starting from today.
Pre-booking can be done against an amount of Rs. 500, which will be adjusted against the fully refundable, one-time, security deposit at the time of delivery. The remaining amount of Rs. 1,000 for security deposit needs to be paid at the time of delivery of the device. A JioPhone user can use the JioPhone for 36 months, and can get a full refund of the security deposit of Rs. 1,500 by returning the used JioPhone, the company said.