Reliance Jio offer: Get Rs 100 cashback from Rs 399 plan via PhonePeSep 12 (AZINS) Reliance Jio is now offering a cashback of Rs 100 on it’s the Rs 399 plan. The plan will now be priced at Rs 299 who recharge their device via PhonePe.

Under this plan, users get 126GB of data for a validity period of 84 days. This comes up to 42GB per month. The plan also includes unlimited free voice calls along with 100 SMSes. The daily FUP limit is 1.5GB.

Users will also get a discount of Rs 50 for a recharge of Rs 399, made via the MyJio App. Additionally, users will also get Rs 50 instant discount that make the payment via PhonePe. This brings the effective price down to Rs 299. The offer will be valid till September 21.

Recently, Reliance Jio has partnered with Cadbury, to offer 1GB free additional 4G data to its customers who are having Cadbury Dairy Milk chocolate. The offer is valid till September 30 and users will need to have the MyJio app on their smartphone to avail this offer. The data will be transferred to the MyJio account within 7-8 working days.

Exactly two years after its launch, Reliance Jio has achieved the feat overwhelmingly as the telecom industry is down to a three private player market from eight earlier. While Reliance Jio made voice services virtually free and brought down data tariffs substantially, it hit the telecom players hard as tariffs declined and competition intensified.

Reliance Jio has been gaining subscribers and revenue market share at a rapid pace. But for the incumbents, including Bharti Airtel, Vodafone India, Idea Cellular, there has been declining average revenue per user (Arpu) and margins with high debt levels. Together, the telecom industry has a cumulative debt of Rs 3.6 lakh crore.

Experts say the battle now will be for next 500 million 2G users. Out of over 1 billion users, around 300-400 million users are on 4G platform. Many users also have double SIM, which means there are about 800-900 million active users.