Zio phone is one of Indias most anticipated products this year. Earlier this year, the Annual General Meeting of Reliance is announced, it is capable of a 4G phone and VoLTE, but the main reason for the frenzy is that it is indeed free: hardware, at least. Customers will have to pay Rs. 1, 500 as a security deposit, but you are refundable after three years of returning the phone and complying with all the conditions. Reliance started taking pre-order for smartphones in August.