MUMBAI: Jio GigaFiber, the upcoming disruptor in the broadband industry has lowered its security deposit to Rs 2500. Reliance Jio has brought a new version of its optical network terminal (ONT) device "Gigahub Home Gateway" for Jio GigaFiber broadband service under the slashed pricing.  The new device is inferior than the original device priced at Rs 4500 and is said to just be a single band router.

The security deposit of Rs 2,500  is refundable in nature, just like the earlier Rs 4,500 security deposit. While Jio GigaFiber is yet to be rolled out in the Indian market, customers in cities such as Chennai and Mumbai will now reportedly be able to avail services by paying this Rs 2500.

The new ONT device only supports 2.4GHz b/g/n Wi-Fi, and not the 5GHz Wi-Fi band while the earlier ONT device supports dual-band connectivity with 2.4GHz and 5GHz frequencies. However, it is not confirmed yet if the latest model will exist alongside the original Rs 4,500 model that was introduced in August last year.

Back in 2018, Mukesh Ambani-led Reliance Industry Ltd (RIL), promoter of Reliance Jio, unveiled its fiber-to-the-home(FTTH) broadband service Jio GigaFiber. RIL also made two strategic investments in top MSOs including Den Networks and Hathway Cable for smooth rollout of the service.