Samsung Galaxy S20+ from Flipkart Smart Upgrade Plan

I recently bought Samsung Galaxy S20+ from Flipkart Smart Upgrade Plan (Flipkart Smart Upgrade Plan powered by Samsung Galaxy Forever | Brands).
I got mobile only for Rs. 32K (original price Rs 83K, offer price Rs 50K) by paying 70% price and Rs. 3K discount with Citi card. Remaining 30% I need to pay after 1 year, else phone would be locked as per T&C.
Phone also has Flipkart app pre-installed and it cannot be uninstalled. It also send notification about device is under Smart Upgrade plan every time I power ON mobile. This notification also cannot be disabled. Mobile should not be rooted or resale until full payment is done.
Lets see what happens with notification and Flipkart app after 1 year when I make full payment (as I dont think I would return device immediately unless I get similar deal 😊)

 

[manu1991]

Assuming you can earn 7% interest, then that's the equivalent of an additional 1.3k discount

Isn't it better to just buy it on EMI, I thought most banks offer 0% rates

 

[igloo]

Its more of deferred payment. zero cost Emi could also be done on rest of a phone value paid.
Though we still pay gst on interest component in zero cost emi.

 

[SVK]

Assuming you can earn 7% interest, then that's the equivalent of an additional 1.3k discount

Isn't it better to just buy it on EMI, I thought most banks offer 0% rates

Buying phone at 32K was more easy to convince my wife then saying buying at 50K 😉
She would have said use that 50K to buy Gold.

 

[Sushubh]

so that would be less than 10gm of gold.