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The security deposit will get refunded through bank transfer. Post clearance of dues and disconnection of your number from Jio, you will receive an email/SMS, which will have a deep link, wherein you can update your bank details for faster processing of refund via direct bank transfer.
The security deposit is an amount paid upfront upon initial sign up of the postpaid account. This amount is kept on the account for security purposes and is refundable upon termination of the contractual postpaid agreement if all outstanding monies due to Digicel have been paid.
Jio's terms and conditions note that Jio's Rs 399, Rs 599, Rs 799 and Rs 999 PostPaid Plus plans require security deposit of Rs 500, Rs 750, Rs 1000 and Rs 1200 respectively. As per Jio's terms and conditions all postpaid Plus plans come with a security deposit.
For a new JioFiber prepaid connection, you need pay the installation charge of ?1,000 which is a non-refundable charge. Additionally, you are requested to pay a refundable security deposit of ?500 for Jio Home Gateway (Router) and ?1,000 for Set-top Box (if opted)