Also, one should note that the cash back is not valid in case you opt to get the iPhone SE on EMI using your debit or credit card.
What's more, price cut makes the iPhone SE India pricing lower that what it is being sold at in the US.
According to reports, Apple authorized offline dealers are selling the 4-inch iPhone SE at an irresistible price of Rs. 19,999 ($305) for the 16GB version and the 64GB version for Rs. 25,999 ($397).
The iPhone SE 16GB variant was originally priced at Rs 39,000 before being cut to Rs 24,999, while the 64GB model was priced at Rs 44,000. The news was first broken by Kerala-based retailer, @itnetinfocom (via Tech PP), and later Gadgets 360 had confirmed the price cut on the iPhone SE.
The cashback offer on iPhone SE is reportedly made available from Friday and lasts till March 31st. Though Apple India is yet to officially confirm this, TechPP spoke to a few distributors and other people in the industry to understand that the news is indeed true. Debit cards issued by these banks will qualify for the Rs. 5,000 cash back: Axis Bank, Citibank, HDFC Bank, HSBC, ICICI Bank, Indusind Bank, Kotak, RBL Bank, Standard Chartered, and Yes Bank.
The conditions states that, the cashback will be credited to a customer's accounts on or before 90 days of the purchase. The device is offered in two storage variants - 16GB and 64GB. The iPhone SE 6 4GB variant will take on the likes of Xiaomi Mi 5 (Rs 22,999), Moto Z Play (Rs 24,999), Sony Xperia X (Rs 24,999), Google Nexus 5X (Rs 24,999), and OnePlus 2 (Rs 22,999 for 32 GB ROM, 4GB RAM).
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The device features a 4-inch retina display with 1,136x640 pixels (326 ppi pixel density), Touch-ID fingerprint sensor in the home button, an A9 chip, and an iOS 9.3 operating system.
iPhone SE Now available in India at Lower price than US.
For those who're not aware, the iPhone SE is an upgraded iPhone 5s with the innards of an iPhone 6s.
It comes equipped with a 12MP rear camera with LED flash along with a 1.2MP front-facing camera.
The source also said it was too early to say what other phone models Apple would assemble at the Bengaluru plant. The iPhone SE cash back offer is not open to American Express customers.