JioPhone users may get partly refund on returning it before three years

Reliance Jio has created a buzz in the telecom sector since the past few months. Following the launch of the JioPhone in July, consumers are eagerly awaiting to get their hands laid on the handset that is available for 'free'.

We know that the JioPhone comes with a refundable security deposit of Rs. 1,500 that will be returned to the buyers after three years. For those who are skeptical about using the handset for three years, Jio seems to have an exciting new announcement. A recent Economic Times report claims that Reliance Jio might announce a scheme offering the buyers of the JioPhone a choice to return the device before the three-year time period and get a partly refund as well.

A recent report from JP Morgan tipped that the JioPhone might not win many hearts as expected due to some of its drawbacks. The report adds that the device is a single SIM model and that multi-SIM phones are in vogue right now. Also, it claimed that the three years of lock-in period for the users of the handset is too long. The other issue is the lack of clarity on how open the JioPhone will be when it comes to supporting other apps such as WhatsApp, Paytm, etc.

The report further claims that the terms of the scheme might be announced in the coming days. The pre-bookings of the JioPhone are all set to debut on August 24. Notably, some offline stores in Delhi NCR regions have already started accepting the pre-bookings. We have already seen how one can book the JioPhone via both online and offline. Only the Aadhaar card copy is needed for the booking and the JioPhone is restricted per unit per person for the individual consumers. For the bulk orders, one has to submit the company's PAN or GSTN.