iPhone 8: Jio offers Rs. 10,000 cashback, 70% buyback

New Delhi: iPhone 8 and iPhone 8 Plus pre-bookings have opened and will continue till September 29.

With offline and online retailers providing deals to lure customers, Reliance Jio too came into action and will be taking pre-orders for the handsets via its Jio Stores, Jio.com website, and Reliance Digital large-format stores.

iPhone 8 pre-bookings from Jio channels will include several offers, such as cashbacks, buyback guarantee, and an exclusive plan with 90GB of 4G data per month.

Consumers who pre-book iPhone 8 and iPhone 8 Plus between September 22 and September 29 will be eligible for Rs.10,000 cash back on the purchase. In order to claim the offer, they will need to make the purchase via Citibank credit card. This will bring down the effective price of the base 64GB iPhone 8 model to Rs. 54,000, while the 256GB model will drop to Rs. 67,000. Similarly, the effective prices of the 64GB and 256GB iPhone 8 Plus will become Rs. 63,000 and Rs. 76,000, respectively.

Apart from the cashback, consumers who purchase the new iPhone 8 models from Reliance Digital, Jio.com, Jio Store, and MyJio app will also get 70 percent cashback if they return the handset after a year. You need to install the MyJio app on the phone to claim the offer, and use a Jio SIM card for a year before you hand it over at a Reliance Digital store. The buyback guarantee will entitle you to 70 percent of the value of the iPhone 8 or iPhone 8 Plus you buy, minus the taxes applied.

Thereby, for iPhone 8 Plus 256GB, its full price of Rs. 86,000, the buyback will be calculated at Rs. 75,680 – Rs. 10,320 will not be considered for the cashback because of 12 percent GST. So you will get back Rs. 52,976 in the form of vouchers that can be used to upgrade to the next iPhone or purchase goods at the Reliance Digital; the voucher should be used within 6 months or it will expire.

Jio will also launch an exclusive tariff plan for the two Apple smartphones. The iPhone 8 and iPhone 8 Plus buyers can opt for the upcoming Rs. 799 plan that provides 90GB of data, free SMSes, subscription to Jio apps, and free calls. The validity of the plan is 28 days for prepaid users, and one billing cycle for postpaid users.