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RIL AGM: Reliance launches JioPhone, for Rs 0

Mukesh Ambani has launched its latest feature phone the Jio Phone, touted to be the most affordable phone in the world.

July 21, 2017 / 13:29 IST
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Jio Smartphone_Mukesh_ambani
Jio Smartphone_Mukesh_ambani

Reliance Industries Chairman Mukesh Ambani today launched the JioPhone at the 40th Reliance Industries (RIL) AGM, terming it the world's most affordable feature phone.

Speaking at the AGM, Ambani said the phone will effectively be free of cost, "at Rs 0 for all Indians".

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"We will collect a 100 percent refundable security deposit of Rs 1,500, which will be refunded after three years," the RIL chief said.

JioPhone will be launched on August 15 and the pre-bookings will begin on August 24.