Micromax teams up with BSNL to launch JioPhone competitor

The company, however, has now updated its website to disclose the applicable terms and conditions of their JioPhone.

The JioPhone, rolling out this week for a refundable deposit of 1,500 rupees ($23.05), will cost at least 2,500 rupees ($39) to assemble, the sources told Reuters.

At the time of the unveiling, there were no conditions attached with the Jio-branded phone, though it was expected that some would be announced as the release draws closer. Now that the Jio Phone deliveries have started, the company has mentioned on its website to say that customers will have to pay as much as Rs. 1,500 for returning the phone ahead of schedule. But the things are changed now because they did not disclose the recharge scenario of Rs 1,500 every year for the period of 3 years to take the benefit of their scheme and to use the phone. It also lists down the policy for early return and if you were planning to refund the phone after an initial use of 1 year then you might have to pay some extra pennies from your pocket.

If you're a customer looking to return the JioPhone before one year from the purchase, you will be penalised because Jio will be charging the entire security deposit amount of Rs. 1,500, and on top of that, you have to pay additional GST charges if any.

More news: Apple releases iOS 11.0.1 update for iPhone and iPad

Jio also states that they have the right to take back your phone, if you don't recharge your device for a minimum value of Rs 1500 per year i.e. Rs 125 per month.

Reliance Jio begins shipping to over six million customers in India. Similarly, customers who return the device after two years but before completing the 3 years they have previously committed to the company, they would be charged Rs. 500, and applicable GST or other taxes. The customer who returns the JioPhone in the period of 12-24 months, would be charged Rs 1,000 along with GST and other taxes.

To step in the competition with JioPhone, the Indian consumer electronics company - Micromax is about to introduce its new phone Bharat 1 with several offers.

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