Apple iPhone 16 Now Available for Just Rs 27,600 on Amazon: Exchange Deals and Bank Offers Revealed

Apple fans and smartphone enthusiasts in India have a big reason to celebrate. The iPhone 16, which was launched at Apple’s grand “It’s Glowtime” event in September 2024, is now available at a jaw-dropping price on Amazon India. Originally priced at Rs 79,900 for the base 128GB model, the iPhone 16 can now be purchased for an effective price of just Rs 27,600 — but only if you take full advantage of Amazon’s exchange deals and bank offers.

This limited-time offer makes the latest iPhone one of the most affordable flagship devices currently on the market. Here’s everything you need to know about the deal, how to grab it, and whether it’s worth the upgrade.

iPhone 16 Launch and Original Pricing

Apple launched the iPhone 16 in September 2024, introducing several upgrades in performance, camera quality, and battery life. The iPhone 16 lineup features a powerful A18 Bionic chip, an improved dual-camera system with enhanced low-light performance, and a sleek design available in a variety of colors including Black, Blue, Pink, and Starlight.

The retail prices at launch were:

• 128GB variant: Rs 79,900
• 256GB variant: Rs 89,900
• 512GB variant: Rs 1,09,900

While these prices align with Apple’s premium positioning, the current Amazon India offer brings the 128GB model within reach of a much wider audience.

How You Can Get the iPhone 16 for Rs 27,600

The headline price of Rs 27,600 is based on a combination of Amazon’s smartphone exchange program and additional bank discounts. Here’s how the deal works:

1. Exchange Offer

Amazon allows customers to trade in their old smartphones for a discount on their new iPhone purchase. The exchange value depends on the model, condition, and brand of your old device. Popular smartphones from brands like Apple, Samsung, OnePlus, and Xiaomi tend to fetch higher exchange values.

For example, trading in a well-maintained iPhone 13 or Samsung Galaxy S22 could earn you an exchange value of up to Rs 30,000 or more, which can significantly reduce the final payable amount.

2. Bank Discount

In addition to the exchange offer, Amazon is also providing instant bank discounts when you use eligible credit or debit cards — especially from partner banks like HDFC, SBI, ICICI, and Axis Bank. The bank offer typically provides an instant discount of Rs 3,000 to Rs 5,000, depending on the terms.

When you combine both the exchange value and the bank offer, the final price for the iPhone 16 128GB Black model can drop to as low as Rs 27,600, making it one of the best deals available online.

Read More: Meta Introduces AI-Powered App With Voice Assistant And Personalised Feed

Why This Deal Is Worth It

Getting the latest iPhone 16 for under Rs 30,000 is a rare opportunity, especially given Apple’s consistent premium pricing strategy. Here’s why this deal is particularly attractive:

• Latest hardware: The iPhone 16 comes with the A18 chip, which offers top-tier performance and future-proofing for several iOS updates.
• Excellent camera: The upgraded dual-camera system delivers crisp photos and improved video capabilities, ideal for content creators and everyday users alike.
• Premium design and build: The sleek design, durable glass, and IP68 water resistance ensure both style and reliability.
• iOS ecosystem: Seamless integration with other Apple devices and access to the latest iOS features make this a smart buy for current or new Apple users.

Things to Keep in Mind

While the offer is exciting, there are a few important points to consider:

• Limited-time availability: These deals often have short durations or limited stock, especially for popular color variants like Black and Blue.
• Exchange eligibility: Not all phones will fetch high exchange values. If your device is older or damaged, your effective discount may be lower.
• Bank card restrictions: You must use an eligible bank card to receive the additional instant discount. Check the terms on Amazon before making the purchase.

How to Avail the Offer

To get the iPhone 16 at the discounted price:

1. Visit Amazon India and search for the iPhone 16 128GB Black model.
2. Choose the exchange option and enter your current smartphone details to check the value.
3. Use an eligible credit/debit card from a partner bank at checkout to get the additional discount.
4. Confirm the final price before placing your order.

Final Verdict

The iPhone 16 at an effective price of Rs 27,600 is one of the most compelling tech deals of 2025 so far. With top-of-the-line specs, sleek design, and the trust of the Apple ecosystem, this offer is a rare chance to own a flagship iPhone at a mid-range price. If you’re planning to upgrade your smartphone, now is the perfect time to make the switch — while the offer lasts.