Union Government Launches CRCS-Sahara Refund Portal to Facilitate ₹5,000 Crore Refund for Depositors
The Union Government, under the leadership of Union Home Minister and Minister of Cooperation, Amit Shah, has taken a significant step towards resolving the grievances of depositors associated with Sahara Group’s cooperative societies. On Tuesday, in Delhi, the government launched the ‘CRCS-Sahara Refund Portal’ to facilitate the refund of ₹5,000 crores to eligible depositors who have funds struck in four cooperative societies of Sahara Group.
Sahara Refund Portal Direct Online Link
For those seeking to apply for the Sahara refund online, the direct link to the website is https://mocrefund.crcs.gov.in/.
Sahara Refund: Eligibility Criteria
Depositors of the following four Sahara group societies are eligible to 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.
How to Apply for Sahara Refund on the Portal?
Follow these steps to apply for the Sahara refund on the CRCS Sahara Refund Portal:
- Go to CRCS Sahara Refund Portal at mocrefund.crcs.gov.in.
- 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 received on your mobile.
- Once logged in, provide your consent as prompted by Aadhaar.
- On the next page, accept the Sahara Refund Portal 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 OTP verification, your Aadhaar user details will be displayed.
- Enter the details displayed on the Certificate of Deposit.
- Click “Submit Claim” to view all the details.
- Make sure all claim details are entered correctly, as the pre-filled claim request form will be generated, and changes cannot be made 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 Rs 50,000 or more)
- Note down the claim request number for future reference.
- Refund Amount Details
- Amit Shah elaborates on the refund process for depositors, stating that the Sahara Refund Portal’s first payment of up to ₹10,000 will be made to one crore investors who had deposited ₹10,000 or more.
To successfully apply for a refund on the Sahara Refund Portal, depositors should ensure that their Aadhaar is linked to their mobile numbers and bank accounts. Additionally, they will be required to provide receipt details.
Expected Time for Refund Processing
Amit Shah reassures depositors that the refund amount will be directly deposited into their bank accounts within 45 days from the date of application.
Beneficiaries of Sahara Refund Portal
“The portal will initially benefit about one crore depositors,” stated Amit Shah, emphasizing that approximately 1.78 crore small investors, who have amounts up to ₹30,000 stuck, will receive their money back through this initiative, marking a significant achievement.
Sahara Refund: Eligibility Details
Depositors of the following societies who have made deposits before the specified dates are eligible for refunds:
- Sahara Credit Cooperative Society Limited – Deposited before March 22, 2022.
- Saharayan Universal Multipurpose Society Limited – Deposited before March 22, 2022.
- Hamara India Credit Cooperative Society Limited – Deposited before March 22, 2022.
- Stars Multipurpose Cooperative Society Limited – Deposited before March 29, 2023.
How do I apply for a refund on the Sahara Refund Portal?
Follow these steps to apply for the Sahara refund on the CRCS-Sahara Refund Portal:
- a. Go to the CRCS-Sahara Refund Portal at https://mocrefund.crcs.gov.in/.
- b. 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.”
- c. Enter the OTP received on your mobile.
- d. Once logged in, provide your consent as prompted by Aadhaar.
- e. On the next page, accept the CRCS-Sahara Refund terms and conditions by clicking “I agree.”
- f. Enter your 12-digit Aadhaar Number and click “Get OTP.”
- g. Enter the OTP and click “Verify OTP.”
- h. After OTP verification, your Aadhaar user details will be displayed.
- i. Enter the details displayed on the Certificate of Deposit.
- j. Click “Submit Claim” to view all the details.
- k. Make sure all claim details are entered correctly, as the pre-filled claim request form will be generated, and changes cannot be made later.
- l. Affix your latest photograph and sign the claim form along with the photograph.
- m. 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)
- n. Note down the claim request number for future reference.
What is the refund amount for eligible depositors?
The first payment of up to ₹10,000 will be made to one crore investors who had deposited ₹10,000 or more.
Will the refund be transferred directly to my bank account?
Yes, the refund amount will be directly transferred to the bank account provided during the Sahara application process.
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Check FAQ for Detailed Refund Information
For more comprehensive details about the refund process, you can check the FAQ section shared on the Sahara Refund Portal here.
With the introduction of the CRCS-Sahara Refund Portal, the Union Government aims to provide a seamless and transparent platform for depositors to reclaim their funds and ensure that the refund process is carried out efficiently. If you are one of the eligible depositors, take advantage of this opportunity and complete the refund application process as soon as possible to receive your rightful dues in a timely manner.
What is the CRCS-Sahara Refund Portal?
The CRCS-Sahara Refund Portal is an online platform launched by the Union Government to facilitate the refund process for depositors associated with Sahara Group’s cooperative societies. It aims to provide a seamless and transparent experience for eligible depositors to claim their funds.
Who can apply for a refund on the CRCS-Sahara Refund Portal?
Depositors of the following four Sahara group societies can apply for a refund on the portal Sahara Credit Cooperative Society Ltd. Saharayan Universal Multipurpose Society Ltd.Humara India Credit Cooperative Society Ltd. Stars Multipurpose Cooperative Society Ltd.
What are the eligibility criteria for the Sahara refund?
Depositors of the specified societies who have deposited before the following dates are eligible for the refund Sahara Credit Cooperative Society Limited – Deposited before March 22, 2022. Saharayan Universal Multipurpose Society Limited – Deposited before March 22, 2022. Hamara India Credit Cooperative Society Limited – Deposited before March 22, 2022. Stars Multipurpose Cooperative Society Limited – Deposited before March 29, 2023.
How long will it take to receive the refund?
The refund amount will be directly deposited into the bank account of the claimants within 45 days from the date of application.
Is the Sahara Refund Portal accessible to all depositors?
Yes, the portal is accessible to eligible depositors associated with the specified Sahara Group societies.
What should I do if I face any issues during the refund application process?
If you encounter any difficulties or have queries regarding the Sahara refund process, you can refer to the FAQ section on the Sahara Refund Portal here for more detailed information.
Is there a specific deadline for applying for a refund?
The government encourages eligible depositors to apply for a refund on Sahara Refund Portal as soon as possible to expedite the process. However, specific deadlines have not been mentioned.