Jio Limited Offer: Triple Cashback Offer

After triggering a massive price war last year, the Mukesh Ambani-owned company had in October reduced the tenure of its popular Rs 399 prepaid plan from 84 days to 70 days. This had led analysts to hope that the blood-letting in the industry was over and was one of the reasons why the shares of Bharti Airtel, India’s largest telco, rose to a ten-year-high recently. 

But Reliance Jio struck again on Thursday. The company unveiled cashback offers on every recharge of Rs 399, which include eight vouchers of Rs 50 each that will be credited to the ‘MyJio’ digital wallet of all Jio Prime members. These vouchers can be used to get discounts of Rs 50 each on any subsequent recharge, or data topup, bringing down the effective tariff. 

In addition, subscribers will get vouchers worth Rs 300 credited into Jio’s partner mobile wallets such as AmazonPay, AxisPay, FreeCharge, Mobikwik, Paytm and PhonePe. 

Moreover, subscribers will get vouchers of up to Rs 1,899 for shopping on ecommerce platforms and for discounts on flight tickets on specific portals. The offers are valid from November 10 to November 25. Analysts and experts say these schemes are likely to compel Airtel, Idea Cellular and Vodafone India to respond. “This is a discount and not a freebie but will again be a setback for the industry which will now try to catch up,” said an analyst at a global brokerage, who did not want to be named. 

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