Of course, at this price point, you can't expect everything else to be of flagship performance: You get a 5-inch 720p display, an octa-core Snapdragon 616 chipset (4 x 1.5GHz + 4 x 1.2GHz), 2GB of RAM and 16GB of internal storage. Alas, there's no love for Quick Charge 2.0 here, just the usual 5V/2A input.

There's no word on who supplies the sensors for the main and front cameras, but they should do the job just fine. On the back you have a 13-megapixel f/2.0 imager with phase detection auto focus, manual mode and live filters. As for selfies, there's a 5-megapixel f/2.2 front camera with the usual beautification options. Both cameras support video recording of up to 1080p.

Folks in China can place their orders for the Redmi 3 starting at 10am local time tomorrow, with a color option of either gold, silver or gray for the photolithography pattern finish option, or just gold without the fancy pattern. Of course, if you need a bigger screen, a higher display resolution and a fingerprint reader, then there's also the Redmi Note 3 for your consideration.