World's cheapest smartphone launched at Rs 99

Bengaluru-based Namotel has launched Namotel Acche Din smartphone at  Rs 99, calling it India’s most affordable smartphone. This 3G-enabled handset is available for booking from May 17th till May 25th, 2016.
According to a report in PTI: Promoter Madhava Reddy claims that Namotel is the world’s cheapest phone with 4 inch display and it runs on Android 5.1 Lollipop and is powered by 1.3GHz quadcore processor along with 1 GB RAM.
The website of the company, Namotel.com, shows that the price has been slashed from Rs 2,999 to Rs 99 and that the smartphone is available on cash-on-delivery basis – something called a ‘lifetime membership fee’ too will be charged. It also adds that nominal delivery charges will be levied.
The company has also said that a ‘one year warranty’ applies to the product and that this limited warranty shall apply to Namotel Smartphone and its parts. For handset and accessory defects under normal use circumstances and at the discretion of the company, Namotel shall provide free of charge repair and/or replacement services within the warranty period.
The company has also added a note on its site that says, “Pictures shown on website is for illustration purposes only.”
Prospective buyers are required to register on bemybanker.com website and get a user ID and password, which is required to book the smartphone on Namotel.com. For registration on bemybanker.com website, users need to pay a one-time lifetime membership fee of Rs 199.