^That has to be seen!.
There is another catch here. They want customers to use the phone for 3 years and return intact to get the Rs.1500 security deposit back. I assume that the fine print is most likely to say something like "Security deposit will not be refunded unless phone is returned in 100% working condition". I am not really confident of the phone lasting for 3 years and the Rs.1500 would be as good as gone?.