During the online sale, Xiaomi will give offers on Axis Bank, ICICI Bank credit and debit cards and HDFC Bank credit cards.
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The Redmi 7 features a 6.26-inch HD+ display and a Qualcomm Snapdragon 632 chipset inside.
Mi Express kiosks will accept all forms of payment across credit cards, debit cards, cash and UPI.
Mi Smart Bulb is rated to deliver up to 11 years of life and has the support of nearly 16 million colours.
Xiaomi's Mi Studios are essentially smaller version of Mi Homes with an average size of 400-600 sq.ft.
Started with the online-only strategy, Xiaomi is fast expanding its presence in offline retail as well.
Xiaomi sold over 6 million smartphones, 4,00,000 Mi LED TVs and over 2.1 million other products.
The POCO F1 is a direct competitor to the OnePlus 6 and other mid-range smartphones.
Mi smart TV's have touched over half a million sales in just six months, claims Xiaomi.
Inside the headphones, there is a dual-unit dynamic coil along with a ceramic horn acoustic structure responsible for clear sound and noise reduction.
Xiaomi to launch six smartphones in India this year alongside focus on introducing more product categories
Xiaomi's founder Lei Jun had earlier stated that the company is looking to invest approximately $1 billion in as many as a 100 startups across the country.
Xiaomi opens 25th Mi Home and the first Mi Home Experience store in Chennai to display products yet to be launched in India
Water purifiers, robot vacuum cleaners and hoverboards are few of the products which are not launched in India displayed at the Xiaomi Mi Experience Store.
Xiaomi has not announced any details about that the product could be but the teasers on Weibo hint that it will be a camera-based product.
With smartphones growth nearing saturation in metros, Chinese players were also busy building their base in the tier II and III cities.
Xiaomi Redmi 5A with MIUI 9 and 3,000 mAh battery launched at a starting price of Rs 4,999 for first five million buyers
Xiaomi has launched two variants of Redmi 5A with the first packing 2 GB RAM with 16 GB storage and the second one packing 3 GB RAM and 32 GB storage.
Xiaomi announces Mi Exchange in collaboration with Cashify to further reduce prices for end consumers
Xiaomi is not the first to introduce an exchange program in the country. Competitors Samsung and OnePlus also have their individual trade-in programs
Xiaomi India took to Twitter to announce the launch of its new Mi Home in Noida, which will be the Chinese phone maker's seventh store in India.
Chinese smartphone maker Xiaomi expects to contribute to about 30 percent of its offline sales in India by the end of the year.
Chinese smartphone maker Xiaomi on Thursday unveiled an exclusive 'Mi Home' retail store at Ambience Mall, Gurugram.