iPhone 16 Under Rs 63,000? Bank Offers and Exchange Deals Explained

People who want to buy an iPhone and are waiting for the right moment to do so now have a reason to hurry. The iPhone 16 has experienced a drastic price cut on Amazon India post the official launch of Apple’s iPhone 17 series. With some banks’ offers, customers can now get the device for Rs 62,900, thus making it a very appealing option for customers who want premium features but do not want to pay a flagship price.

Price of iPhone 16 at launch was Rs 79,900; currently, it is selling on Amazon for Rs 66,900, a price cut of Rs 13,000 directly. For the customers who would buy using selected banks, for instance, SBI and ICICI, the iPhone price goes down to Rs 62,900, since they would apply instant discounts of Rs 4,000.

If we consider combined savings, the total effective savings turn out to be Rs 17,000. Furthermore, Amazon offers exchange bonus of as much as Rs 58,000; the exact amount depending on the condition, brand, and storage of the current device being traded in. This indeed makes the step up from a recent high-end smartphone even more appealing.

The iPhone 16 has 6.1-inch Super Retina XDR OLED display that offers sharp visuals, although it has a 60Hz refresh rate. The device is powered by Apple’s A18 Bionic chipset with 8GB of RAM which guarantees not only smooth performance but also energy efficiency. It comes pre-loaded with iOS 26, thus assuring long-term software support and easy interoperability with Apple’s smart ecosystem.

The battery has a capacity of 3,561 mAh which the user can rely on during a typical day and also enjoy the latest iOS 26 charging features. A 48MP primary back camera with an ultrawide lens of 12MP for photographers and a 12MP front camera for selfies and video calls are among the features.

The iPhone 16 is offered in five colors and these are: Black, White, Pink, Teal, and Ultramarine. This is a wide selection of shades that can satisfy different tastes.