The Reliance JioPhone has gotten a lot of folks talking, with many wondering whether people will be willing to stick around for 3 years to get their security deposit back. As it turns out, they might be able to obtain at least a portion of the amount ahead of time.
To recall, Reliance’s JioPhone requires a Rs 1500 security deposit when bought. Customers can get the amount back after 3 years upon returning the device. However, Jio hasn’t made the terms and conditions of this process very clear. For instance, there’s no clarity on whether the handset will have to be in a working condition after the time period is up.
Phones tend to get injured, especially over the course of 3 years. Plus, many would prefer not to hold onto one phone for such a long time. All these doubts may get resolved soon since The Economic Times reports that Reliance Jio is planning on announcing the terms of the refund scheme at some point in the next few days.
The publication claims that Jio will hand over a part of a person’s security deposit if they want to break free of the 3-year contract. We’ll have to wait and see what the telecom player has planned and whether it will be substantial enough for people to risk their Rs 1500 in.
While the carrier-locked system is popular in the US, it’s yet to fly high in India. The JioPhone will serve as a sort of test in that light. If it’s successful, then many more contract-based 4G feature and smartphones may turn up. If it’s not, then the status quo will continue and none of Jio’s rivals will be worse for wear.