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At the Reliance AGM on Friday, Chairman Mukesh Ambani announced JioPhone was introduced as "India ka Smartphone", for an "effective price of Rs. 0" - but you have to pay a "fully refundable" Rs. 1,500 deposit, refunded after three years.

Although Reliance Jio launched in India in September, the company's offering has been restricted to smartphone users as it is a 4G only network, and to make calls, a phone has to support the VoLTE technology, which is usually not found on basic phones. The company aims to change that with the JioPhone, which comes with 4G VoLTE support. The JioPhone will include access to apps like JioCinema, JioTV, and JioMusic.

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