Now, get iPhone SE for just Rs 19999

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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. In its bid to capture the booming mid-range smartphone market in the country, Apple has reportedly cut the price of iPhone SE by close to Rs 10,000.

Apple Inc will in the coming months start assembling its lower-priced iPhone SE models at a contract manufacturer's plant in the southern Indian technology hub of Bengaluru, an industry source with direct knowledge of the matter said on Friday.

We thought of seeing Apple iPhones at more than Rs 40,000 until it entered Indian Market through Flipkart.

If the dealers are looking at maximum sale by the end of this financial year, we might even see a bigger cut in the price of SE or, even on other models of iPhone.

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).

Gone are those days of spending a fortune to buy an Apple iPhone, in India. 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 cashback of Rs 5000 will be available to different credit and debit cards of various banks. Similarly, the 64GB model of the iPhone SE, was sold for Rs 36,000.

The 16GB variant of the iPhone SE had been selling for Rs 29,990. The phone which was launched at a whopping price of Rs 39,000 (~$600) back in April 2016, is now available for as low as Rs 19,999 (~$300) with some retailers (for card purchases only). There is the 12-megapixel iSight camera with dual tone LED flash, 4K video recording capabilities and a 1.2-megapixel FaceTime camera with Retina Flash feature.

Rs 5,000 cashback offer isn't just restricted to the iPhone SE.

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