The Reliance Annual General Meeting (AGM) addressed by RIL chairman and managing director Mukesh Ambani introduced as "India ka Smartphone" and launched at an "effective price" of Rs. 0 (though buyers will have to shell out a refundable, upfront deposit of Rs. 1,500 for the device). 

JioPhone will be crucial for the company in tapping the estimated 50 crore feature phone users who have not been able to join the Jio 4G bandwagon because of the high costs associated with smartphones.Users can either pay Rs. 153 per month, for which they will get free voice and SMS, and unlimited data (high-speed data FUP is 500MB per day), along with Jio apps. 

Users also choose to pay Rs. 309 per month to get all this, plus the support for mirroring your screen on a TV, via a cable that can even be plugged into CRT TVs. 

After three years, you can return the phone, and get a full refund on the deposit. Aside from that, the company will also have two sachet packs, at Rs. 24 for two days, or Rs. 54 per week, for users who don't want to commit to Rs. 153 as an upfront payment. 

The JioPhone was introduced by Akash and Isha Ambani, revealing the phone’s support voice commands, along with standard feature phone functionality. Isha Ambani said that the phone looks familiar by design, to ensure that it is easy to use. 

The phone comes with a number of apps and browser installed aside from Jio’s offerings too.