Reliance Jio Infocomm has anticipated the privilege to their buyers of its 4G phone to return the handset before the specified period of 3 years and obtain the full & final partial security deposit. As informed earlier, the feature phone Jio will be available for beta testing from 15th August’17 whereas the pre-booking will start from 24th August for the handset.
In the coming few days Mukesh Ambani’s team will reveal the scheme of refund. The scheme and its options are still a thrust for many analysts that, if the JIO phone scheme – Rs. 1500/- is refundable post 3 years and further extra monthly tariff of Rs 153/- is considering pretty luring. The competitors also considering it as a subscriber switching model.
In a recent report of Goldman Sach, explained that any subscriber who pay Rs. 1500 as a deposit of a locking period of 3 years for a mobile phone and pay off Rs. 164/pm which a Jio Phone user has to pay every month may be little higher than the average revenue per user (ARPU) but certainly, these are two jointly exclusive sets. It is also debatable that will a subscriber like to stay locked into one operator for 3 years because the survey says the churn rate in India is high at 3-5% per month.