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Xiaomi announces smartphone trade-in plans for Mi and Redmi phones in India

Mi Smart Upgrade guarantees up to 70% buyback value on your older Xiaomi phones.
By
November 5, 2020
Xiaomi Mi 9T Rear casing focused on logo and carbon texture
TL;DR
  • Xiaomi has announced a new Mi Smart Upgrade program in India.
  • It offers different buyback plans for Mi and Redmi phones.
  • You can get up to 70% of your phone’s value back if you upgrade it under the program.

You can now trade in your older Mi and Redmi phones in India for newer models and get back as much as 70% of their value. Xiaomi has introduced different buyback plans under a new Mi Smart Upgrade program. The plans start at Rs. 399 (~$5) and offer fixed buyback values if you upgrade your handsets anytime after three months to 15 months.

The buyback value of your Mi and Redmi phones changes in accordance with different redemption periods. For instance, if you exchange a Xiaomi Mi 10 for the next flagship anytime between 91 – 180 days of purchasing it, you’ll get an assured buyback value of 70% of the retail price.

The minimum assured buyback value you can get is 40% of the retail price if you exchange your phone between 13 – 15 months. You can check out all the buyback values and redemption periods for the Mi Smart Upgrade program below.

Redemption periodBuyback value
4-6 months
(91-180 days)
70%
7-9 months
(181-290 days)
60%
10-12 months
(291-365 days)
50%
13-15 months
(366-455 days)
40%

Unfortunately, not all Redmi and Mi phones are eligible for the Mi Smart Upgrade program. You can only avail the plans on the Redmi 9 series, Redmi Note 9 series, Redmi K20 Pro, and the Mi 10 series. Check out the prices for all the upgrade plans below.

ModelPrice
Redmi 9 Prime
Rs. 399
Redmi 9
Rs. 399
Redmi Note 9
Rs. 499
Redmi Note 9 Pro
Rs. 549
Redmi Note 9 Pro Max
Rs. 599
Redmi K20 Pro
Rs. 999
Mi 10T
Rs. 1,499
Mi 10T Pro
Rs. 1,699
Mi 10
Rs. 1,999

Xiaomi’s trade-in program is similar to Samsung’s Galaxy Assured buyback program in India. The only difference is that Samsung’s scheme is limited to flagship phones, whereas Xiaomi has also considered affordable Redmi devices.

Also read: The best Xiaomi phones you can buy right now