Overview

• The iPhone 16 128 GB model drops to an effective Rs 33,400 after exchanging a qualifying device and using an SBI credit card rebate.
• Standard Amazon exchange offers alone can reduce the same iPhone 16 variant to Rs 44,400.
• The iPhone 16e is listed at Rs 49,999 during the sale and can slip below Rs 50,000 when combined with bank instant discounts and trade-in schemes.
• Both phones run on the A18 Bionic chip, feature a 6.1-inch OLED display, IP68 protection and a 48 MP Fusion camera alongside Apple’s on-device AI tools in iOS 18.
• These mid-cycle price cuts leverage India’s Independence Day and Raksha Bandhan shopping season to clear stock ahead of the anticipated iPhone 17 release.