Google Drive storage prices slashed, now well below Dropbox and OneDrive

Google has lowered the prices of paid plans of its Drive cloud storage service. Now users will have to just pay $1.99 (Rs. 120 approximately) per month for 100GB storage (previously $4.99 per month), $9.99 (Rs. 600 approximately) per month for 1TB storage (previously $49.99), and $99.99 (Rs. 6,000 approximately) for 10TB storage.

Notably, the new Google Drive storage prices are way below what OneDrive and Dropbox charge. Microsoft's recently rebranded OneDrive costs $25 (Rs. 1,500 approximately) per year for only 50GB storage, while 100GB OneDrive storage space costs about $50 (Rs. 3,000 approximately) per year. Dropbox charges $9.99 (Rs. 600 approximately) a month - or $99 (Rs. 6,000 approximately) a year if paid annually - for 100GB of storage.

It's worth pointing out that Google is still offering 15GB free Drive storage to all Google service users, while Dropbox and OneDrive offer only 2GB and 7GB respectively for free.

Announcing the move via a blog post, Google said, "Having launched Google Drive just two years ago, we're excited that so many people are now using it as their go-to place for keeping all their files. Whether it's all the footage of your kids' baseball games, the novel you're working on, or even just your grocery list for the week, we all have files that are too important to lose. Today, thanks to a number of recent infrastructure improvements, we're able to make it more affordable for you to keep everything safe and easy to reach on any device, from anywhere.

In May last year Google giant announced that instead of offering 10GB storage for Gmail and another 5GB for Drive and Google+ Photos, it would be offering 15GB of unified storage, which can be used between Drive, Gmail, and Google+ Photos.