The government of India created a new website called the Sahara Refund Portal. It started on July 18, 2023. The purpose is to give Rs 5000 crore to cooperative societies in the Sahara Group that have approved members. Shri Amit Shah, who is the Union Minister for Home & Cooperation, introduced the portal. People who qualify can apply online on the official website, https://mocrefund.crcs.gov.in.
Sahara Refund Portal
Sahara had 10 crore people who kept their money with them. These people were very happy to hear that on July 18, 2023, the Union Cooperative Minister Amit Shah will introduce something called the Sahara Refund Portal. This portal will help return the money to the people who had invested it with Sahara, and their investment time has ended. All the information about getting the money back will be available on this Sahara Refund Portal. The reason they are doing this is because of a decision made by the Supreme Court.
The Ministry of Cooperation asked the highest court in the country, the Supreme Court, to help people who put their money in the Sahara Refund Portal and the Sahara Credit Cooperative Society Limited, along with other similar groups. The Supreme Court told the CRCS (which is probably a department or agency) to collect Rs 5,000 crore to give back to these people for what they invested.
Objectives of the Sahara Refund Portal – mocrefund.crcs.gov.in
There are four cooperative societies named Sahara Credit Cooperative Society Limited, Saharayn Universal Multipurpose Society Limited, Hamara India Credit Cooperative Society Limited, and Stars Multipurpose Cooperative Society Limited.
On March 29, the government made a promise to return money to 10 crore investors of these four Sahara Group cooperative societies within nine months. The Supreme Court ordered Rs 5,000 crore to be taken from the Sahara-SEBI refund account and given to CRCS (Cooperative Refund Coordination Society).
The Ministry of Cooperation asked the Supreme Court to support the investors of Sahara Group cooperative societies. In response, the Supreme Court ordered CRCS to pay Rs 5,000 crore to the investors.
Steps to Apply for the Sahara Refund Portal
The Sahara Refund Portal can be accessed at https://mocrefund.crcs.gov.in.
To use the portal, follow these simple steps:
- Register on the website using your information.
- Verify your email address.
- Log in to your account.
- Read and understand the instructions and features provided on the portal.
- Prepare all the required documents for your refund request.
- Complete the online refund request form with your details.
- Upload the necessary documents as instructed.
- Double-check all the information and documents you have provided.
- Submit your refund request through the portal.
- You can track the status of your refund request on the site.
- If any additional information or documents are requested, make sure to provide them.
- Stay updated with the portal to receive any refund request updates.
- If your refund request is approved, follow the reimbursement instructions given on the portal.
Working of the CRCS Sahara Refund Portal
Your Aadhaar number will be linked to your mobile phone number, bank account, and the CRCS-Sahara Refund Portal so that it can work together. You also need to provide the details of your receipt. Once you do this, you can download a form, fill it out, and upload it back to the portal. After completing these steps, the process of getting your refund will begin.
Eligibility for Claiming via the CRCS Sahara Refund Portal
Union Minister Shah said that one crore investors who donated Rs. 10,000 or more using this platform will receive the first payment, which can be up to Rs. 10,000. After paying a total of Rs. 5,000 crore, they will ask the Supreme Court for permission to give back money to the rest of the investors.
Refund Processing Time on the CRCS Sahara Refund Portal
Mr. Shah said that within 45 days, the money will be sent to the person who applied for it and will be put in their bank account. If anyone is confused about the process, the Home Minister advised using the digital services provided by the Common Services Centers (CSC).
The Purpose of CRCS Sahara Refund Portal
The CRCS-Sahara Refund Portal is a special website made to protect and help people who are members of cooperative groups. It will take care of the rightful requests from those who had put their money in certain cooperatives run by the Sahara Group. These cooperatives are called Sahara Credit Cooperative Society Ltd, Saharayn Universal Multipurpose Society Ltd, Humara India Credit Cooperative Society Ltd, and the Stars Multipurpose Cooperative Society Ltd. The portal is there to make sure these people get their money back properly.
Papers Required To Apply On The CRCS Sahara Refund Website
- Certificate of Deposit/Passbook
- Deposit account number
- Membership number
- Mobile Number linked with Aadhaar (Mandatory)
- PAN Card (if the claim exceeds Rs.50, 000)
Sahara Refund Portal FAQS
How do I claim my disbursed amount on the Sahara Refund Portal?
You can claim your disbursed amount by following these steps:
Visit the official website of the Sahara Refund Portal at https://mocrefund.crcs.gov.in/Depositor/Login.
Enter your Aadhaar number and mobile number to log in.
Click on the “Claim Disbursed Amount” tab.
Enter the details of your bank account, such as the account number, IFSC code, and name of the bank.
Click on the “Submit” button.
Your refund request will be processed and the amount will be credited to your bank account within 15 days.
Who is eligible to claim a refund through the Sahara Refund Portal?
The following are eligible to claim a refund through the Sahara Refund Portal:
Depositors of Sahara Group cooperative societies who have made deposits before March 22, 2022 for Humara India Credit Cooperative Society Limited, Kolkata, Sahara Credit Cooperative Society Limited, Lucknow, and Saharayan Universal Multipurpose Society Limited, Bhopal; and before March 29, 2023 for Stars Multipurpose Cooperative Society Limited, Hyderabad.
Depositors who have outstanding dues receivable as on the cut-off date.
Depositors who have not already received a refund through any other means.
What documents do I need to claim a refund through the Sahara Refund Portal?
You will need to provide the following documents to claim a refund through the Sahara Refund Portal:
- Your Aadhaar number
- Your mobile number
- Your bank account details
- Your membership number and deposit account number
- A copy of your deposit certificate or passbook (if applicable)
- A copy of your PAN card (if your claim amount is Rs. 50,000 or more)
How much money can I claim through the Sahara Refund Portal?
The amount of money you can claim through the Sahara Refund Portal will depend on your outstanding dues. You can claim the full amount of your outstanding dues, up to a maximum of Rs. 10,000 per depositor.
How long will it take to process my refund request?
Once you have submitted your refund request, it will be processed within 45 days. You will receive an SMS notification once your refund request has been processed.
How will I receive my refund?
Your refund will be credited to your Aadhaar-seeded bank account within 45 days of your refund request being processed.
What if I have lost my deposit certificate or passbook?
If you have lost your deposit certificate or passbook, you can still claim your refund through the Sahara Refund Portal. You will need to provide a statement from your bank confirming your outstanding dues.
What if I have any questions about the Sahara Refund Portal?
You can contact the Sahara Refund Portal helpdesk at 1800-3000-6688 for any questions you have about the portal.
What if I am not eligible to claim a refund through the Sahara Refund Portal?
If you are not eligible to claim a refund through the Sahara Refund Portal, you may be able to claim a refund through other means. You can contact the Sahara Group for more information about other refund options.
How do I track the status of my refund request?
You can track the status of your refund request by logging into the Sahara Refund Portal and clicking on the “My Refund Request” tab. You will be able to see the status of your request and the date it is expected to be processed.