Xiaomi 17 (12GB/512GB) and Xiaomi 17 Ultra (16GB/512GB) Gets a Price Cut with up to ₹10,000 Bank Offer; Other Gadget Deals Also Revealed

Early in the past few weeks, several reports revealed that smartphone brands are increasing the pricing of their devices owing to the rise in component costs. Now, in a new announcement, Xiaomi has revealed a reduction in pricing via bank offers for its Xiaomi 17 and Xiaomi 17 Ultra smartphones, and these offers are currently made available for Indian customers with a reduced effective pricing. Apart from these two, Xiaomi is also running ICICI and HDFC Bank offers on other devices as well.

Check out more about the latest products and their exciting deals below.

Xiaomi 17 and Xiaomi 17 Ultra – Now Available with Bank Offers in India

Xiaomi’s Xiaomi 17 has been made available with an instant credit card discount of ₹7,000 (on EMI transactions) and ₹5,000 (on non-EMI transactions), and customers can purchase the device at a reduced effective price. The smartphone was unveiled in two storage options (12GB/256GB, 12GB/512GB); however, currently, only the higher storage variant is available for purchase via both the Xiaomi India and Amazon India websites.

At the time of its launch, the 12GB/256GB variant was priced at ₹89,999, while the 12GB/512GB variant was priced at ₹99,999, and as part of an early bird offer, Xiaomi was offering the 12GB/512GB variant at the same price as that of the 12GB/256GB model. Currently, on the Xiaomi India website, only the 12GB/512GB variant is listed for purchase at a price of ₹89,999.

Do note, on the Amazon India website, only HDFC Bank cards are eligible for this banking offer, while on the Xiaomi India website, customers can make use of HDFC Bank, Bank of Baroda (BOB), ICICI Bank, and Kotak Bank cards. Also, the offer page mentions that the validity of these offers is till 31st May 2026.

Speaking about the Xiaomi 17 Ultra, the device was unveiled in a single storage option (16GB/512GB) at a listed price of ₹1,39,999, and it was made available with an SBI bank offer of ₹10,000, bringing down its effective price to ₹1,29,999. With the latest offer available on the Xiaomi India website, customers can now avail a ₹10,000 discount on EMI transactions using HDFC Bank, Bank of Baroda (BOB), ICICI Bank, and Kotak Bank credit cards, while a ₹8,000 discount is offered on non-EMI transactions. Do note, this same offer is not currently made available on the Amazon India website at the time of writing; however, the same validity date of 31st May 2026 has been mentioned.

Other than these, Xiaomi has also revealed that similar bank offers are applicable on a few other devices as well, including the recently price-hiked Redmi Note 15 Pro 5G series. On these products, ICICI Bank and HDFC Bank card offers are currently made available, as per the details mentioned on the Xiaomi India website.

ICICI/HDFC Bank Offers – May 2026 on Xiaomi 17 Series and Redmi Note 15 5G Series India Website

ICICI Bank Offers – May 2026 on Xiaomi Tablets

 

ICICI/HDFC Bank Offers – May 2026 on Xiaomi Smart TVs