Jio phone will be available for an effective price of Rs 0: Ambani
India's richest man Mukesh Ambani on Friday launched what he called an "effectively free" 4G-enabled feature phone handset during the Reliance Industries Ltd's (RIL) 40th annual general meeting (AGM) in Mumbai. The company has christened the handset 'Jio Phone'.
"The Jio Phone would be available for an effective price Rs 0," Mukesh Ambani, Chairman, RIL said. Customers would be required to pay a refundable security deposit of Rs 1,500 for three years, "for security reasons", the company said.