Sahara Refund Portal: Facilitating Sahara Group Investors
Sahara Refund Portal: Facilitating Sahara Group Investors
The Sahara Refund Portal is a significant initiative by the Central Registrar of Cooperative Societies (CRCS), a part of the Indian Ministry of Cooperatives, aimed at aiding nearly 100 million Sahara Group investors. It seeks to resolve long-standing investment concerns, with the goal of returning approximately ₹5,000 crore to affected individuals. Officially inaugurated on July 18, 2023, by Shri Amit Shah, the Union Minister for Home & Cooperation, this portal has been designed with user-friendliness in mind, ensuring accessibility for individuals less acquainted with online platforms, simplifying the process of reclaiming their investments.
Understanding Sahara Refund Portal
The Sahara Refund Portal, an initiative of CRCS, is dedicated to assisting investors in Sahara Group’s Cooperative Societies in recovering their investments. Approximately ₹5,000 crore will be returned to investors who faced difficulties accessing their investments. Launched on July 18, 2023, by Shri Amit Shah, this user-friendly portal aims to simplify the process of refunding investors, ensuring transparency and hassle-free access to their full investments, in compliance with a Supreme Court ruling.
Registration Process for Sahara Refund Portal
To participate in the Sahara Refund Portal procedure, investors are required to complete a registration process on the portal, which is managed and operated by CRCS, a department under the Ministry of Cooperatives. Beginning in the third week of September 2023, investors can utilize the CRCS Sahara Refund Status 2023 by visiting the official website, www.mocrefund.crcs.gov.in link procided.
Eligibility Criteria for Sahara Refund Portal
Investors’ eligibility for Sahara Refund Portal is contingent on their investment amounts with Sahara Group’s Cooperative Societies.
Those who invested ₹10,000 or more may receive an initial refund of up to ₹10,000. A total of ₹5,000 crore is earmarked for refunds.
Eligibility extends to individuals who invested in Sahara Credit Cooperative Society Limited, Saharayan Universal Multipurpose Society Limited, and Hamara India Credit Cooperative Society Limited before March 22, 2022, as well as Stars Multipurpose Cooperative Society Limited investors who had outstanding amounts before March 29, 2023.
Registration for CRCS Sahara Refund Portal
Registering for the Sahara Refund Portal is a straightforward process, facilitated by CRCS. Investors in Sahara Group’s Cooperative Societies can easily register by providing essential details such as Membership Number, the last 4 digits of their Aadhaar Number, and their Aadhaar-linked Mobile Number.
After OTP verification, registration is completed. Visit the official registration page at https://mocrefund.crcs.gov.in/Depositor/Register to initiate the process, benefiting millions of depositors seeking the return of their investments.
Logging into CRCS Sahara Refund Portal
The login process for the CRCS Sahara Refund Portal is a critical step for Sahara Group Cooperative Society investors to initiate their refund claim process.
To access their accounts, investors must enter the last 4 digits of their Aadhaar Number and their 10-digit Aadhaar-linked Mobile Number on the portal’s login page: https://mocrefund.crcs.gov.in/Depositor/Login. An OTP is sent to the registered mobile number for identity verification.
Once the OTP is entered, investors can commence their refund claim process, utilizing this secure and straightforward login system.
Documents Required for Sahara Refund Portal
To successfully apply for a refund through the Sahara Refund Portal, investors must provide the following documents:
- Membership Number
- Deposited Account Number
- Aadhaar linked with an active mobile number
- Certificate/Passbook details of the deposit
- PAN card (for claim amounts exceeding ₹50,000)
Steps to Apply for Sahara Refund Portal
To initiate the refund process via the Sahara Refund Portal, follow these steps:
- Visit the official Sahara Refund Portal website at https://mocrefund.crcs.gov.in/Depositor/Register.
- Enter the last 4 digits of your Aadhaar Number and your 10-digit Aadhaar-linked Mobile Number, along with the captcha displayed on the registration page.
- Click “Submit” to proceed.
- On the Depositor Login page of the CRCS Portal, provide the last 4 digits of your Aadhaar Number and your 10-digit Aadhaar-linked Mobile Number.
- To receive a One-Time Password (OTP) on your registered mobile number, select “Get OTP (Six-digit).” Enter the received OTP (a 6-digit code) and click “Verify OTP to Enter” to log in.
- Consent to the terms and conditions by clicking “I Agree” on the following page. On the Personal Details page, input your 12-digit Aadhaar Number and click “Get OTP” for confirmation. Your connected user details, including first name, middle name, last name, date of birth (DOB), and Father/Husband name, will be displayed. Optionally, you can include your Email ID.
- Enter the Certificate of Deposit details and click “Submit Claim” to proceed. Ensure accurate completion of the refund claim details, as errors may be difficult to rectify later. If necessary, you can attach a photo as proof of your claim.
Checking Sahara Refund Payment Statu s
Once you’ve completed the refund claim form, you can check the status of your Sahara Refund Payment by visiting the website. Simply provide the last four digits of your Aadhaar Card and the mobile number used for registration.
Typically, refunds take 7 to 10 days to process, as authorities carefully verify information before transferring funds to your bank account.
A total of ₹5,000 Crore is allocated for refunds, with varying processing times depending on the investment amount.
Checking Sahara Refund Status via mocrefund.crcs.gov.in
To check your Sahara Refund Status, follow these steps:
- Visit the official CRCS Sahara Refund Portal website: https://mocrefund.crcs.gov.in/.
- On the homepage, click on the “Depositor Login” tab.
- Enter the last 4 digits of your Aadhaar Number and your Aadhaar Linked Mobile Number accurately.
- Click on the “Get OTP” option and await receipt of a One-Time Password (OTP) from the system.
- Once you receive the OTP on your device, enter it to access the Sahara Refund Status page. Check your refund status on this page. If your refund has not yet been initiated, please be patient, and it will be credited to your bank account after proper verification.
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Key Details for Sahara Refund Portal
- Portal Name: Sahara Refund Portal
- Launch Date: July 18, 2023
- Refund Amount: Up to ₹10,000
- Registration & Login Link: https://mocrefund.crcs.gov.in/Depositor/Login
- Registration Requirements: Aadhaar-linked Mobile Number, Last 4 digits of Aadhaar Number, 10-digit Aadhaar-linked Mobile Number
- Documents Needed: Membership Number, Deposited Account Number, Aadhaar linked with an active mobile number, Certificate/Passbook, details of the deposit, PAN card (for claim amounts of ₹50,000 and above)
- Official Website: https://mocrefund.crcs.gov.in
How long does it take to receive the Sahara Refund?
Typically, it may take around 10-15 days for the Sahara Refund to be deposited into your account.
Where can I apply online for the Sahara Refund Claim?
To apply for the Sahara Refund Claim online, visit mocrefund.crcs.gov.in.
What documents do I need for the Sahara Refund Claim Form?
You will need a PAN Card, Aadhar Card, Depositor Slip, and Passbook to complete the Sahara Refund Claim Form.
