The Central Registrar of Cooperative Societies (CRCS) introduced the Sahara Refund Portal to help investors recover their money from Sahara Group’s Cooperative Societies. This article explains how to use the portal and provides essential information for those seeking refunds.
Portal Launch and Distinguished Inauguration
The Sahara Refund Portal was officially launched on July 18, 2023, with a grand inauguration attended by Shri Amit Shah, the Honorable Union Minister for Home & Cooperation. The portal is designed to be user-friendly, ensuring that even those with limited internet experience can easily access it. This portal offers a straightforward way for investors to claim their refunds and aims to make the entire process more convenient.
CRCS Sahara Refund Portal Registration
The registration process on the Sahara Refund Portal is simple and secure. To start the registration, investors need to provide their Membership Number, the last four digits of their Aadhaar Number, and their Aadhaar-linked Mobile Number. The registration includes an extra layer of security by using OTP (One-Time Password) verification.
Eligibility Criteria
Investors from four Sahara group societies are eligible to apply for refunds through the CRCS Sahara Refund Portal. These societies include Humara India Credit Cooperative Society Limited, Kolkata, Sahara Credit Cooperative Society Limited, Lucknow, Saharayan Universal Multipurpose Society Limited, Bhopal, and Stars Multipurpose Cooperative Society Limited, Hyderabad.
How to Apply
To apply for a refund on the Sahara Refund Portal, follow these simple steps:
- Visit the official website: https://mocrefund.crcs.gov.in/Depositor/Login.
- Complete the registration by entering your Aadhaar number, mobile number, and other required details.
- Verify your email address for future communication.
- Log in using your Aadhaar number and mobile number.
- Familiarize yourself with the portal’s instructions and features.
- Fill out the online refund request form with accurate information.
- Upload the necessary documents following the specified size limits.
- Double-check all the information and documents for accuracy.
- Finally, submit your refund request through the portal.
Refund Process and Amount
In its initial phase, the Sahara Refund Portal is set to disburse a total sum of Rs. 5,000 crore among depositors. During this phase, each depositor can claim a maximum amount of Rs. 10,000. Initially, the portal will refund Rs. 10,000 to investors, and there might be a potential increase in the refund amount in the future depending on the success of this trial.
What to Do If You Don’t Receive OTP
If you encounter issues receiving the OTP while entering your Aadhaar number on the Sahara India Refund Portal, it might be due to technical glitches in the recently launched website. In such cases, it’s best to be patient and attempt the process later. The development team is actively addressing this issue, and users can expect a smoother OTP reception in the future.
Useful Links
For more information and assistance, here are some useful links:
- Apply Online
- User Manual (English)
- User Manual (Hindi)
- FAQs
- Video Guide
- Mobile App
Common FAQs for CRCS Sahara Refund Portal
Q1: What is CRCS Sahara Refund Portal?
A1: The CRCS Sahara Refund Portal is an online platform created to process refunds for depositors of four Sahara Group Co-operative Societies, as directed by the Hon’ble Supreme Court on March 29, 2023.
Q2: Is the CRCS Sahara Refund Portal secure?
A2: Yes, the CRCS Refund Portal is a secure online platform that uses an SSL Certificate for enhanced security.
Q3: Who is eligible for a refund through the CRCS Sahara Refund Portal?
A3: Legitimate depositors of the following four Sahara Societies are eligible to initiate refund requests:
- 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.
Q4: What is the eligibility criteria for filing a claim on the CRCS Sahara Refund Portal?
A4: Depositors can file claim requests if their deposits were made and outstanding dues were accrued before specific dates:
- 22nd March 2022 for some societies.
- 29th March 2023 for others.
Q5: Are there any charges for filing the Claim form?
A5: No, the submission of the Claim form is free of charge.
Q6: What details does a Depositor need to provide with the Claim Request form/Application?
A6: A Depositor should possess the following information:
- Membership number.
- Deposit Account number.
- Aadhaar linked Mobile number (Mandatory).
- Deposit certificates/ Passbook.
- PAN card (if the claim amount is Rs. 50,000/- and above) (Mandatory).
Q7: Is PAN number mandatory if the total claim amount is Rs. 50,000 and above?
A7: Yes, a Depositor must provide PAN card details if the claim amount equals or exceeds Rs. 50,000, across all Sahara Societies.
Q8: What if I do not have a PAN card?
A8: Yes, a Depositor must provide PAN card details if the claim amount equals or exceeds Rs. 50,000, across all Sahara Societies.
Q9: Are Aadhaar linked Mobile No. and Bank Account mandatory?
A9: Yes, a Depositor must provide PAN card details if the claim amount equals or exceeds Rs. 50,000, across all Sahara Societies.
Stay updated and claim your refunds with ease through the CRCS Sahara Refund Portal. Your money is just a few clicks away!