The Centre has initiated the reimbursement process for depositors with funds trapped in four cooperative societies belonging to the Sahara Group. To facilitate this refund, Cooperation Minister Amit Shah launched the ‘CRCS-Sahara Refund Portal’ on Tuesday.
He announced that the transparent trial process of returning ₹5,000 crore to investors would commence on the same day. This marks the first step in refunding the deposits to Sahara Group’s depositors. The portal responsible for managing the refunds was developed by a subsidiary of IFCI.
Sahara Refund Portal direct online link
The link to the website to apply for Sahara Refund online is https://mocrefund.crcs.gov.in
Sahara refund: Who can apply?
Eligible depositors of listed below four Sahara group societies can apply for a refund on the CRCS Sahara Refund Portal.
- Sahara Credit Cooperative Society Ltd.
- Saharayan Universal Multipurpose Society Ltd.
- Humara India Credit Cooperative Society Ltd.
- Stars Multipurpose Cooperative Society Ltd
Sahara Refund: How to apply?
The depositor’s Aadhaar should be linked to their mobile numbers and bank accounts. They will have to provide receipt details also.
How long will it take to get Sahara India refund?
Amit Shah assured that the money will be deposited into the bank account of the claimants within 45 days.
“The portal will initially benefit about one crore depositors,” Amit Shah said on Tuesday. He added that approximately 1.78 crore small investors, whose money up to ₹30,000 is stuck, will get their money back and it is a great achievement.
Sahara Refund Portal: How to apply?
- Go to CRCS Sahara Refund Portal
- Enter your 12-digit Membership Number, the last 4 digits of your Aadhaar Number, your 10-digit Aadhaar-linked Mobile Number, and the Captcha.
- Then click “Get OTP.”
- Now, enter the OTP
- Once logged in, give your consent as prompted by Aadhaar.
- On the next page, accept the terms and conditions by clicking “I agree.”
- Enter your 12-digit Aadhaar Number and click “Get OTP.”
- Enter the OTP and click “Verify OTP.”
- After verifying the OTP, you will see your Aadhaar user details displayed.
- Enter the details displayed on the Certificate of Deposit.
- Click “Submit Claim” to view all the details.
- Once all the claim details are entered, the pre-filled claim request form will be prepared. Please ensure all claims are entered before preparing the form, as it cannot be changed or added later.
- Affix your latest photograph and sign the claim form along with the photograph.
- Upload the claim form and a copy of your PAN card on the “Upload Document” screen. (PAN card is mandatory if the claim amount is Rs50,000 or more)
- Make sure to note down the claim request number. Make sure to note down the claim request number for future reference.
How much money will be refunded by Sahara India?
Elaborating on the process to be followed by the depositors, Shah said the first payment of up to ₹10,000 will be made to one crore investors who had deposited ₹10,000 or more.
How long will it take to get Sahara refund?
I assure you the money will be deposited into their bank accounts within 45 days,” Shah said.