Flip side to this announcement is that customers would be required to pay a refundable security deposit of Rs 1,500 for three years.
Mukesh Ambani said that Jio proved analysts wrong in just six months of its launch as data consumption in India went from 20 cr GB a month to 120 cr GB a month and has been multiplying ever since. To recall the well know fact, Reliance Jio 4G network has changes the game rules in the industry. The phone users can avail the Jio Dhan Dhana Dhan at Rs 153 which offers unlimited data; free voice calls as well as SMSes.
With the new offering from Reliance, the incumbents would be forced to reduce their 350-per-month tariff to Rs 250 or even Rs 200.
Besides the JioPhone, Reliance also launched its cable TV device. All Jio Phone users can enjoy viewing their Jio content on their phones from their TV screens.
Ambani, whose speech was frequently punctuated with loud chants of "Jio", said that the company was aiming to make 5 million JioPhones available every week after launch. There will be Rs 24 Jio sachet with 2 days validity and Rs 54 sachet with 7-days validity.
The phone will be available for beta testing from August 15, 2017, and interested buyers can pre-order the device from August 24, 2017.
The company has revolutionized the feature phone market. The phone is available in various colour options like black, white as well as gold.
New entrant to the telecom sector Reliance Jio, now entered the feature phone market with its very first VoLTE feature phone. This is the first 4G VoLTE Feature Phone.
Going through Reliance JioPhone Specifications, the device comes with 2.4-inch QVGA display. The phone, which can be operated on voice command also facilitates use of keyboard while speaking to the phone.
FM Radio and torch light are among the other features the phone will contain. The basic phone from Jio comes with the ability to install apps like JioTV, JioCinema, and others.
■ 500 million - the number of feature phone users that JioPhone is targeting.
"It's a category where the least amount of innovation has happened", he said, meaning the JioPhone has a good chance of poaching users looking to upgrade.