Now there might be some queries regarding the refunds and their eligibility criteria. This article explains the easy steps to access the CRCS Sahara Refund Portal and reclaim the deposits. So without further delay, let’s get started.
Every Indian might know of the Sahara Scam that looted a large population through fraud. At least one individual from your family might have invested in the Sahara Groups, wishing for healthy returns. As per reports, around 1.12 lakh crore rupees of the Indian investors is yet to be paid by this very company. Although many people protested against this fraud and demanded their hard-earned money back, their cries were never heard.
Well, the recent announcement by our honorable Minister Amit Shah on July 18, 2023, gave hope to all of these investors. In his statement, he announced that the central government has started the process to refund over one crore individuals whose funds are stuck in the cooperative societies of Sahara Group.
Under the CRCS-Sahara Refund Portal, the government will presently refund ₹5,000 crores to the investors in a transparent manner. The exciting part is a subsidiary of IFCI has developed the portal.
Table of Contents
Who can apply for the Sahara Refund?
As of now, depositors who invested their money in the below mentioned four Sahara group societies can apply for a refund. They are –
- Sahara Credit Cooperative Society Ltd, Lucknow.
- Saharayan Universal Multipurpose Society Ltd, Bhopal.
- Humara India Credit Cooperative Society Ltd, Kolkata.
- Stars Multipurpose Cooperative Society Ltd, Hyderabad.
All the depositors who have pending dues receivable before March 22, 2022, are eligible for this refund.
Are any additional costs required to fill out the claim form?
Filling out the claim form is free, and individuals don’t have to spend a single penny to fill up the form.
What documents are required while filling out the form in Sahara Refund Portal?
Some government documents are mandatory while filling out the Sahara Refund Portal form. The document list is shared below.
- Membership number
- Deposit Account Number
- Aadhar Card linked with Mobile number
- Deposit Certificates or Passbook
- Pan Card.
How to Apply in Sahara Refund Portal?
CRCS Sahara Refund Portal is a simple, user-friendly platform that assists you in claiming back the money. Follow the following steps to initiate the refund process smoothly.
– First, go to the crcs Sahara refund portal website following this mentioned link (https://mocrefund.crcs.gov.in/)
– On the top left header, you will find the Depositor Registration button. Click on this button.
Now Click on the Depositor login
And enter your 12-digit Membership Number along with the last four digits of your Aadhaar Number. Make sure the Aadhar card is linked to your ten digit Mobile Number
– Then, enter the Captcha and click on Get OTP.
– Enter the OTP received on your provided Mobile Number.
– Once logged in, give your consent as prompted by Aadhar.
-On the next page, accept the terms and conditions by clicking “I Agree.” It is advisable to go through the document before providing any consent.
– In the next screen, enter your 12-digit Aadhaar Number and click “Get OTP.”
– Enter the OTP and click “Verify OTP.”
– After verifying the OTP, your Aadhaar user details are displayed. The details include the First Name, Middle Name, Last Name, Date of Birth, Father/Mother Name, etc.
– Users can also enter their email id and click the Next button.
-Enter the details displayed on the Certificate of Deposit.
– Then click “Submit Claim” to view all the details.
– Interestingly, you can click on “Add Claim” to add the details of all pending claims.
– On entering all the claim details, the pre-filled claim request form will be prepared. Cross-check all of your claims before skipping to the next page.
– Then affix your latest photograph and sign the claim form.
– 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 Rs 50,000 or more)
After all the above mention steps are done you will receive a Thank You page displaying a Claim Request Number.
Kindly note down the claim request number for future reference. This number will help you to make future interactions regarding the claim requests.
How long will it take to get a refund?
Amit Shah assured that the money will be deposited into the bank account within 45 days. Within the first 30 days, the officials will verify your provided documents and proceed accordingly.
How do I claim my Sahara refund?
To claim my Sahara crcs refund portal, follow this link https://mocrefund.crcs.gov.in/ and fill in your requirements.
How to apply for a Sahara refund online?
To apply for Sahara crcs refund portal:
Firstly register yourself in the CRCS Sahara Refund Portal, i.e., https://mocrefund.crcs.gov.in/, and describe your claim by providing the required documentation.
Download a form, fill it out, and re-upload it, accepting all terms and conditions.
Ensure your Aadhar card is linked to your mobile number and bank account.
What is the Supreme Court order for Sahara refund?
The court requested to utilize ₹5,000 crore from the Sahara-SEBI refund account to pay the depositors. Moreover, the court directed the transfer of ₹5,000 crore from the remaining balance in the Sahara-SEBI refund account to the Central Registrar.
Is Sahara paying back?
The Union Government launched the CRCS Sahara Refund Portal to pay back the money to all individuals who had deposited in the Sahara Group. In the initial phase, the government only offers the money back to individuals who have reached their plan maturity up to Rs 10,000.