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The Central Registrar of Cooperative Societies (CRCS), Ministry of Cooperatives, Government of India, has recently launched the Sahara Refund Portal. This online portal, introduced on July 18, 2023, by the Hon’ble Union Minister for Home & Cooperation, Shri Amit Shah, aims to distribute Rs 5000 crore to authorized members of Sahara Group’s cooperative societies. The purpose of this initiative is to provide an opportunity for eligible depositors to reclaim their investments.
With the official website, https://mocrefund.crcs.gov.in, eligible depositors can easily apply for the refund through the user-friendly Sahara Refund Portal. This portal was created following a Supreme Court ruling that allows Sahara depositors to reclaim their funds.
- 1 Sahara Refund Portal
- 1.1 Sahara India Refund Highlights 2023
- 1.2 CRCS Sahara Refund Portal
- 1.3 The Launch Date of Sahara Refund Portal 2023
- 1.4 Refund Portal CRCS Login 2023
- 1.5 CRCS Sahara Refund Portal Link
- 1.6 Sahara Refund Portal CRCS Gov.In
- 1.7 How will the CRCS portal work?
- 1.8 Who Can Claim through the CRCS Sahara Refund Portal?
- 1.9 Sahara Refund Portal Application Process Online?
- 1.10 CRCS Sahara Refund Portal Required Documents
- 1.11 Sahara India Refund Portal Unavailable or Non-Functional.
- 1.12 OTP Not Received on Sahara Refund Portal.
Sahara Refund Portal
On July 18, 2023, the Union Cooperative Minister, Amit Shah, will introduce the Sahara Refund Portal, generating excitement among the 100 million Sahara depositors. This portal will enable investors, whose investment periods have ended, to receive their funds. The launch of the portal is in response to a ruling by the Supreme Court and aims to provide Sahara investors with all the necessary information regarding the refund process. The Ministry of Cooperation has taken this initiative to address the claims of investors who had deposited money with the Sahara Portal and Sahara Group’s cooperative societies, including Sahara Credit Cooperative Society Limited. The Supreme Court has directed the CRCS to allocate Rs 5,000 crore for these claims.
Sahara India Refund Highlights 2023
|Overview||Sahara India Refund Portal|
|Name of the Portal||Sahara Refund Portal|
|Introduced by||Central Registrar of Cooperative Societies (CRCS)|
|Company Type||Private Company|
|Launch Date||July 18, 2023|
|Introducer||Shri Amit Shah|
|Amount Transferred||Rs 5,000 crore|
|Headquarters||Lucknow, Uttar Pradesh, India|
|Started On||1978 – Gorakhpur|
|Eligibility||Open to Sahara’s 10 crore depositors whose investment time has expired|
CRCS Sahara Refund Portal
The CRCS Sahara portal connects individuals’ Aadhaar numbers with their mobile phones and bank accounts. Once the necessary receipt details are provided and the form is completed, the refund process is initiated. The claimed amount is transferred to the claimant’s bank account in a maximum of 45 days.
The Launch Date of Sahara Refund Portal 2023
Introducing the Sahara Portal on July 18, 2023, was an important measure taken to address the legitimate claims of depositors who had invested their hard-earned money in Sahara Group’s cooperative societies. This step was taken in response to a Supreme Court ruling that instructed the transfer of Rs. 5000 crore from the “Sahara-SEBI Refund Account” to CRCS for the payment of dues to eligible depositors.
Refund Portal CRCS Login 2023
The Sahara Refund Website CRCS Login is available on the official website: https://mocrefund.crcs.gov.in/Depositor/Login. Depositors can access this website to log in and apply for their refunds by following the instructions provided on the portal. This Website makes it easy for eligible individuals to log in and apply for their refunds. To access the portal, depositors need to provide their Aadhaar number, mobile number, and other necessary details. The portal is designed to simplify the refund process and provide a hassle-free experience for investors, allowing them to easily claim their dues.
CRCS Sahara Refund Portal Link
To utilize the Sahara Refund Portal, depositors can simply go to the official website at https://mocrefund.crcs.gov.in. On this platform, they will discover all the essential details, guidelines, and functionalities to easily apply for their refunds.
Sahara Refund Portal CRCS Gov.In
Union Minister Amit Shah has introduced the ‘CRCS-Sahara Refund’ initiative in New Delhi, following the Supreme Court’s order to distribute Rs. 5000 Crores from the “Sahara-SEBI Refund Account” to genuine depositors of Sahara Group’s Cooperative Societies. This step aims to make it easier for depositors to receive their refunds. The newly launched portal provides an exclusive opportunity for one crore investors who had deposited Rs. 10,000 or more to claim an initial payment of up to Rs. 10,000. Once the Rs. 5,000 crore has been disbursed, further efforts will be made to return the remaining amount to other eligible investors through an appeal in the Supreme Court. Depositors who have invested in Sahara Group’s Cooperative Societies before specific cut-off dates can apply for their claims.
How will the CRCS portal work?
To ensure seamless functionality, your Aadhaar number needs to be linked with your mobile number, bank account, and the CRCS-Sahara Refund Portal. Additionally, it is important to provide receipt information. Once these steps are completed, you can download a form, fill it out, and upload it back to the portal. This will initiate the refund process.
Who Can Claim through the CRCS Sahara Refund Portal?
Union Minister Shah has announced that the first payment of up to Rs. 10,000 will be given to one crore investors who have donated Rs. 10,000 or more through this platform. Once the payment of Rs. 5,000 crore has been distributed, a further request will be made to the Supreme Court to refund the remaining investors.
How much time does it take to receive a refund?
The refund will be credited to the claimant’s bank account within 45 days after the submission of the claim on the CRCS Sahara refund portal.
Sahara Refund Portal Application Process Online?
To apply for a refund on the Sahara Portal, follow these simple steps:
- Visit the official website at https://mocrefund.crcs.gov.in/Depositor/Login.
- Register using your Aadhaar number, mobile number, and other required details.
- Verify your email address for further communication.
- Log in to your account using your Aadhaar number and mobile number.
- Review the portal’s instructions and features for a smooth application process.
- Fill out the online refund request form, providing accurate and complete information.
- Upload the necessary documents, ensuring they meet the specified size limits.
- Double-check all the information and documents before submitting the refund request.
- Submit your refund request on the portal
CRCS Sahara Refund Portal Required Documents
Required Documents for Applying on the CRCS Sahara Money Refund Portal:
- Deposit Account Number
- Mobile Number linked with Aadhaar (Mandatory)
- Membership Number
- Certificate of Deposit/Passbook
- PAN Card (if the claim amount exceeds Rs. 50,000)
- As of the latest update, the Sahara Portal is facing technical issues and is currently not working.
- Depositors attempting to access the portal to apply for refunds may encounter difficulties.
- It is advisable to monitor official announcements and updates from the Central Registrar of Cooperative Societies (CRCS) or the Ministry of Cooperatives for information on the resolution of the issue and the expected timeline for the portal to become functional again.
OTP Not Received on Sahara Refund Portal.
When entering your Aadhaar number and requesting an OTP on the Sahara India Refund, you might not receive the OTP on your mobile number. This issue has been reported by several users. It is likely that this problem is due to the recent launch of the Sahara India Portal, and there may be some technical glitches on the website. I recommend waiting for a while until the issue is resolved. After some time, you can try again, and hopefully, by then the problem will be resolved.
The Sahara Refund represents a crucial milestone in ensuring depositors receive their rightful dues promptly and transparently. With its user-friendly interface and streamlined process, the portal empowers depositors to reclaim their hard-earned money without unnecessary hassles. If you are an eligible depositor of Sahara Group’s cooperative societies, don’t hesitate any further. Visit the Sahara Refund , register, and apply for your refund today!
FAQ”S Sahara Refund Portal 2023
sahara india news
The portal was introduced by Hon’ble Union Minister for Home & Cooperation, Shri Amit Shah, on July 18, 2023.
sahara india news
The CRCS Sahara Refund Online Application form 2023 is available online at mocrefund.crcs.gov.in and an applicant must need to first fill out this application form to get the refund amount
sahara india news
Hon’ble Union Minister for Home & Cooperation Shri Amit Shah introduced the Sahara Refund. On its official website, sahara india news https://mocrefund.crcs.gov.in, the Sahara-Refund Portal accepts online applications from eligible individuals.
sahara india refund online
Amit Shah launches the ‘CRCS- Sahara-Refund Portal’, in New Delhi | Photo Credit: – Amit Shah, Union Home Minister and Minister of Cooperation, has recently unveiled a portal where depositors of the Sahara Group of Cooperative Societies can claim their refund in 45 days