Ahead of festive season, Reliance Jio announces 100% cashback offer for its famous Rs 399 Dhan Dhana Dhan offer. 

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Under the cashback offer, if a customer recharge with the Rs 399 recharge pack, then they will get eight Rs 50 coupons that will be equal to a 100% cashback. 

To redeem their free coupons buyers have to recharge their number with Rs 309 or higher denomination recharge packs after November 15. 

The cashback offer on Rs 399 pack is also applicable on add-on packs of Rs 91 or higher denominations.

The offer starts from today and is valid for for 7 days till October 18. 

Under the Rs 399 recharge pack, Reliance Jio offers 1GB 4G data every day for 84 days along with unlimited local and STD voice calls, SMS and access to MyJio mobile app.

Reliance Jio also said that its current plans are likely to be revised with effect from October 19. 

Meanwhile, Reliance Jio is now reportedly working to introduce its very own payment service. 

Mukesh Ambani led Reliance firm might name it -Jio Payments Bank. 

A report published in Livemint stated that Jio is working towards introducing its very own payment service by the end of this year. 

If the facility gets launched then it would be directly giving competition to recently launched Airtel's Payments Bank. 

Citing sources, a Livemint report stated that the new venture would be 70:30 partnership between Reliance Industries and State Bank of India.

The operation of the Jio Payments Bank is scheduled to begin by December 2017.