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Paytm Mall, owned by Paytm E-commerce Pvt. Ltd., is offering a flat cashback of Rs. 500 on the Reliance JioPhone to its customers. The cashback is a part of the ‘monsoon loyalty cashback’ program and has brought the effective price of the VoLTE-enabled 4G phone to Rs. 1,099, that is about 31 percent less than its original price of Rs. 1,599.