Jio Phone Monsoon Hungama Exchange Offer Announced, Lowers Jio Phone Price to Rs. 501 Monsoon Hungama exchange offer was announced today at the Reliance Industries Annual General Meeting (AGM) to make it easier for buyers to upgrade to the Jio Phone. As part of the offer, users can upgrade to the Jio Phone by exchanging their existing feature phones. Reliance Industries claims that this Monsoon Hungama offer will bring down the effective price of Jio Phone from Rs. 1,500 to Rs. 501. The Jio Phone Monsoon Hungama offer will be available throughout India starting July 21. Ambani said at the RIL AGM, "We have reduced the effective entry cost of the Jio Phone from Rs. 1,500 to as low as Rs. 501. Our purpose is to accelerate the digital revolution in India with the extreme affordability of a Jio Phone, so that each and every Indian can access the Internet and enjoy the digital life. With the added functionalities, our wider network reach across India and stro...