Important Dates
- Portal Launch Date – 18 July 2023
No Application Fee
Who Can Apply?
Eligible Depositors (legitimate depositors)
Documents Required
- Membership Number
- Deposit Account Number
- Aadhaar linked Mobile Number (Mandatory)
- Deposit certificates / Passbook
- PAN card (if claim amount is Rs. 50,000/- and above) (Mandatory)
Sahara Refund Portal: A New Way to Reclaim Your Investments
On October 12, 2023, the Sahara Refund Portal took a giant step toward returning around Rs. 5,000 crore to investors. The portal officially launched on July 18, 2023, with the honorable Union Minister for Home & Cooperation, Shri Amit Shah, gracing the occasion. This portal is designed to make the process of refunding investments as simple as possible, even for those with limited internet experience.
The Sahara Refund Portal is a beacon of hope for investors who have been waiting for their money for a long time. It’s a clear sign of the government’s commitment to addressing investment concerns and creating a transparent and investor-friendly environment.
This portal doesn’t just help investors; it also strengthens the cooperative sector. By facilitating refunds, it can ease the financial burdens of many families and individuals.
In summary, the Sahara Refund Portal is a testament to the government’s dedication to protecting investors and supporting a strong cooperative ecosystem. It’s a big step toward financial equity and empowerment for millions.
How to Register with CRCS Sahara Refund Portal
The Central Registrar of Cooperative Societies (CRCS) has created the Sahara Refund Portal to speed up refunds for investors connected to Sahara Group’s Cooperative Societies. This portal aims to return around Rs. 5,000 crore to investors who have been waiting for their funds.
To begin your registration, you’ll need to provide some essential details:
- Membership Number
- The last four digits of your Aadhaar Number
- Aadhaar-linked Mobile Number
The registration process is secure and includes OTP verification for added protection.
To start, visit the official registration page at https://mocrefund.crcs.gov.in/Depositor/Register. The user-friendly design ensures a smooth experience for depositors looking to recover their trapped investments. In a few easy steps, you can complete your registration and start the journey to reclaim your refunds.
Who Can Apply for CRCS Sahara Refund Portal?
The CRCS Sahara Refund Portal is open to eligible depositors from four Sahara group societies:
- Humara India Credit Cooperative Society Limited, Kolkata.
- Sahara Credit Cooperative Society Limited, Lucknow.
- Saharayan Universal Multipurpose Society Limited, Bhopal.
- Stars Multipurpose Cooperative Society Limited, Hyderabad.
Eligibility Criteria for Filing a Claim
To file a claim, depositors must have made deposits and have outstanding dues receivable before specific dates:
- 22nd March 2022 for:
- Humara India Credit Cooperative Society Limited, Kolkata.
- Sahara Credit Cooperative Society Limited, Lucknow.
- Saharayan Universal Multipurpose Society Limited, Bhopal.
- 29th March 2023 for:
- Stars Multipurpose Cooperative Society Limited, Hyderabad.
How to Apply Online with CRCS Sahara Refund Portal
To request a refund through the Sahara Refund Portal, follow these simple steps:
- Go to the official website: https://mocrefund.crcs.gov.in/Depositor/Login.
- Complete the registration process by entering your Aadhaar number, mobile number, and other required details.
- Verify your email address for future communication.
- Log in to your account using your Aadhaar number and mobile number.
- Review the portal’s instructions to ensure a smooth application process.
- Fill out the online refund request form with accurate information.
- Upload the required documents, making sure they meet the specified size limits.
- Double-check all information and documents for accuracy before submitting the refund request.
Refund Process & Amount
In the initial phase, the refund portal plans to distribute a total of Rs 5,000 crore among depositors, with each depositor eligible to claim a maximum of Rs 10,000. The portal will begin by refunding Rs 10,000 to investors as part of a trial run, with the potential for higher refund amounts in the future.
Troubleshooting OTP Issues
If you encounter difficulties receiving the OTP while entering your Aadhaar number on the Sahara India Refund Portal, this may be due to technical glitches on the website. In such cases, it’s best to be patient and try the process again later. The development team is actively addressing the issue, so you can expect a smoother registration process in the future.