Good news for all the Jio users out there. Reliance Jio Infocomm has recently rolled out a wide array of cashback offers and discount coupons for its prepaid subscribers in a lieu to retain and attract users, dampening hopes of an early return to pricing stability in the telecom industry.
This is the second step taken by Jio after the massive price war last year, when, Mukesh Ambani owned enterprise reduced the tenure of its popular ₹399 scheme from 84 to 70 days in October. Now, this has led the analysts to believe the war which was hovering around the telecom industry is right now over and is definitely one of the main reasons why the shares of Bharti Airtel, i.e. India’s largest telco, rose to a ten-year-high.
The recent offers:
This time the company has unveiled cashback offers on every recharge of ₹399, including eight vouchers worth ₹50 each that would be credited to the ‘MyJio’ digital wallet of all Jio Prime members. These vouchers can be used to get discounts of ₹50 each on any subsequent recharge, or data top up, bringing down the effective tariff.
Also with this, subscribers will also receive vouchers worth ₹300 credited into Jio’s partner mobile wallets such as AmazonPay, AxisPay, FreeCharge, Mobikwik, Paytm and PhonePe.
But, this is not only the end. This time Jio has also brought special vouchers from the e-commerce partners including AJIO, Yatra.com, and RelianceTrends.com, exclusively for its Jio Prime members. The AJIO voucher will get customers ₹399 off on a minimum purchase of ₹1500 at ajio.com. Similarly, Jio Prime customers are even entitled to a discount of ₹1000 on all round-trip domestic flight tickets booked through yatra.com and a discount of ₹500 on one-way tickets. Finally, shopping at reliancetrends.com entitles Jio Prime customers to an instant discount of ₹500 for purchases worth ₹1999 and above. The offers are valid from November 10 to November 25.
Regarding this latest offer by Jio, analysts and experts have a lot of expresses where they have regarded that these schemes would definitely instigate the other telcos like Airtel, Idea Cellular and Vodafone India to respond. An analyst at a global brokerage, even regarded that, “This is a discount and not a freebie but will again be a setback for the industry which will now try to catch up”.
Also, quite interestingly, Jio’s cashback offers has hit the headlines days after incumbents Airtel and Vodafone launched their own offers for their customers. For instance, Bharti Airtel launched ₹499 per month ‘Infinity’ plan with unlimited free outgoing calls on national roaming and unlimited local and STD calls, bundled with 20 GB 4G/3G data, while Vodafone launched a host of data rollover options among others for its subscribers on Tuesday.