The Samsung Galaxy Note 3 is now available at Rs 40,698. Earlier it was available at Rs 47,990.

Samsung Galaxy Note 3 Neo now price at Rs 29,570, down from its earlier price of Rs 33,990.

Notably, Galaxy Note 3 Neo received an official price drop to Rs 33,990, down from the smartphone's launch price of Rs 38,990.

Samsung launched the Galaxy Note 3 in India at Rs 49,900 last year, while the Galaxy Note 3 Neo went on sale in January.

Samsung clarifying the reports about a possible price cut in the Galaxy S5, it said, "Reports claiming Samsung Electronics has revised prices of Galaxy S5 are false and baseless and the Galaxy S5 continues to be priced at Rs 51,500."