Reliance Industries Chairman Mukesh Ambani at the company's annual general meeting on Friday announced the hotly anticipated JioPhone.
to avoid the misuse of the phone, he mentioned a refundable security deposit of Rs. 1,500, which will be credited back to the customers after three years.
The pre-bookings for the JioPhone will begin from August 24.
A revised Jio Dhan Dhana Dhan plan suited for JioPhone users will offer unlimited 4G data and free local and STD calls, apart from free SMS services.
There will also be low-validity small sachets of Rs. 24 for 2 days and Rs. 54 for 7 days.