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Jio hikes rates on Diwali; other telecom companies may follow the trend

As was being predicted by top analysts, Reliance Jio has increased prices of its various plans. Jio’s top Rs 399 plan now offers only 70 days validity, which was 84 days till October 18. From Diwali, October 19, the Rs 399 plan will only have 70 days validity. People, who want 84 days validity, will now have to choose the Rs 459 plan. However, Jio had also offered the 100% cash back offer during Diwali, wherein customers will get 8 vouchers of Rs 50 each that can be redeemed once at a time for recharging their service after November 15. This means that people, who opted for the cash back offer, will be paying only Rs 409 for 84 days validity. This will be an increase of only Rs 10, which is marginal. The 8 free vouchers will last for the next 8 recharges, which means that customers who opted for the cash back offer will not be paying the higher costs for approximately the next two years.

The Jio cash back offer can be availed till end of October 18. So, there is still a few hours left for customers to protect themselves from the increased costs of new plans. Another major change that Jio has made is in the FUP policy. After the high speed data is exhausted, the speed will drop to 64 kbps. Earlier, this was 128 kbps. Reducing speed from 128 to 64 kbps is another setback for Jio users. Jio has made changes to its other plans as well, and in each case, the prices have been increased. Experts said that with Jio increasing the prices, it will cool down the price war in the telecom sector. It will also prompt other telecom companies to increase their prices or keep them at current levels.

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