The Central Registrar of Cooperative Societies (CRCS), under the Ministry of Cooperatives, Government of India, has brought a ray of hope to nearly 10 crore members of the Sahara Group with the successful launch of the Sahara Refund Portal…
This portal aims to refund around Rs. 5,000 crore to those whose investments have been stuck for an extended period…
Officially inaugurated by Hon’ble Union Minister for Home & Cooperation, Shri Amit Shah, on July 18, 2023, the Sahara Refund Portal offers a user-friendly interface that enables individuals, even with limited internet knowledge, to reclaim their investments easily…
Overview of Sahara Refund Portal
The Sahara Refund Portal, initiated by the Central Registrar of Cooperative Societies (CRCS), facilitates refunds for investors of Sahara Group’s Cooperative Societies…
It is designed to return approximately Rs. 5,000 crore to those whose investments have been stuck for a significant period…
The portal was created in response to the Supreme Court’s decision to ensure transparency and provide a 100% guarantee for investors to recover their funds…
| Key Points | Details |
|---|---|
| Portal Name | Sahara Refund Portal |
| Initiator | Central Registrar of Cooperative Societies (CRCS) |
| Ministry | Ministry of Cooperatives, Government of India |
| Objective | Facilitate refunds for investors of Sahara Group’s Cooperative Societies |
| Refund Amount | Approximately Rs. 5,000 crore |
| Launch Date | July 18, 2023 |
| Inaugurated By | Hon’ble Union Minister for Home & Cooperation, Shri Amit Shah |
| Users’ Ease of Use | User-friendly interface for easy reclamation of investments |
| Background | Response to the Supreme Court’s decision to ensure transparency and 100% guarantee for investor fund recovery |
| Eligible Investors | – Depositors of Humara India Credit Cooperative Society Limited, Sahara Credit Cooperative Society Limited, and Saharayan Universal Multipurpose Society Limited with outstanding dues before March 22, 2022 |
| – Stars Multipurpose Cooperative Society Limited depositors with outstanding dues before March 29, 2023 | |
| Refund Allocations | – Eligible investors who had deposited ₹10,000 or more may receive a first payment of up to ₹10,000 |
| – Total refund amount allocated is ₹5,000 crore |
Sahara Refund Portal Launch Date
The Sahara Refund Portal was officially launched on July 18, 2023, by the Central Registrar of Cooperative Societies (CRCS), Ministry of Cooperatives, Government of India…
The launch of this portal is a crucial step towards providing relief to nearly 10 crore investors of Sahara Group’s Cooperative Societies who have been eagerly waiting to recover their investments…
Hon’ble Union Minister for Home & Cooperation, Shri Amit Shah, graced the occasion, marking it as a significant milestone in ensuring transparency in the refund process…
How Much Can You Claim from Sahara Refund Portal?
The amount that can be claimed from the Sahara Refund Portal depends on the investment details with Sahara Group’s Cooperative Societies…
// Eligible investors who had deposited ₹10,000 or more may receive a first payment of up to ₹10,000. The total refund amount allocated is ₹5,000 crore…
// Depositors of Humara India Credit Cooperative Society Limited, Sahara Credit Cooperative Society Limited, and Saharayan Universal Multipurpose Society Limited with outstanding dues before March 22, 2022, are eligible for the refund…
// Similarly, Stars Multipurpose Cooperative Society Limited depositors with outstanding dues before March 29, 2023, are also eligible for a refund…
CRCS Sahara Refund Portal Registration
The Sahara Refund Portal registration process is straightforward and initiated by the Central Registrar of Cooperative Societies (CRCS)…
Investors of Sahara Group’s Cooperative Societies can quickly register on the portal to claim their refunds…
By providing essential details like their Membership Number, the last four digits of their Aadhaar Number, and Aadhaar-linked Mobile Number, and verifying through OTP, investors can successfully complete the registration…
To register, you can visit the official registration page at https://mocrefund.crcs.gov.in/Depositor/Register…
This user-friendly platform ensures a seamless experience for millions of depositors seeking to reclaim their trapped investments…
CRCS Sahara Refund Portal Login
The CRCS Sahara Refund Portal Login is a crucial step for investors of Sahara Group’s Cooperative Societies to access their refund claims…
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To log in, investors need to enter the last four digits of their Aadhaar Number and the 10-digit Aadhaar-linked Mobile Number on the portal’s login page on https://mocrefund.crcs.gov.in/Depositor/Login…
After providing the required details, investors will receive an OTP (One-Time Password) for verification. Once the OTP is entered, they can access their accounts and proceed with the refund process…
This secure and user-friendly login system ensures that eligible depositors can conveniently navigate the portal and initiate their refund claims with ease…
Eligibility Criteria for Sahara Refund Portal
To be eligible for a refund through the Sahara Refund Portal, investors must have been depositors of Sahara Credit Cooperative Society Limited, Saharayan Universal Multipurpose Society Limited, and Hamara India Credit Cooperative Society Limited before March 22, 2022…
Depositors of Stars Multipurpose Cooperative Society Limited before March 29, 2023, are also eligible for a refund…
Sahara Refund Portal: Documents Needed
To apply for a refund on the Sahara Refund Portal, depositors need 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 of Rs 50,000 and above)
How To Apply For Sahara Refund Portal
To apply for a refund on the Sahara Refund Portal, follow these steps:
- Visit the official website of the Sahara Refund Portal at https://mocrefund.crcs.gov.in/Depositor/Register.
- Enter the last 4 digits of your Aadhaar Number, 10-digit Aadhaar-linked Mobile Number, and captcha on the Depositor Registration page.
- Click on “Submit” to proceed.
- Enter the last 4 digits of your Aadhaar Number and the 10-digit Aadhaar-linked Mobile Number on the Depositor Login page of the CRCS Portal.
- Click “Six-digit Get OTP” to receive a One-Time Password (OTP) on your registered mobile number.
- Enter the SIX Digit OTP received and click on “Verify OTP to Enter” to log in.
- Give consent and accept the terms and conditions by clicking on “I Agree.”
- On the Personal Details screen, provide your 12-digit Aadhaar Number and click on “Get OTP” to verify your details.
- The details of the Aadhaar user, including first name, middle name, last name, date of birth (DOB), and Father/Husband name, will be displayed.
- You can optionally enter your Email ID.
- Provide details of the Certificate of Deposit.
- Click on “Submit Claim” to proceed.
- Fill in your refund claim details accurately, as corrections may not be possible later.
- Attach a photograph as proof.
Sahara Refund Portal OTP Not Received
Users encountering difficulties with receiving the OTP on the Sahara India Refund Portal while entering their Aadhaar number might be due to technical glitches on the recently launched website…
To resolve this issue, it is recommended to be patient and attempt the process again later…
The developers are likely working to fix the problem, and with time, users should be able to receive the OTP and complete their registration on the portal smoothly…
Why OTP Not Received On Registered Mobile Number
There could be several reasons why an OTP (One-Time Password) is not received on the registered mobile number during the registration process on the Sahara Refund Portal…
Some common reasons include:
- Network Issues: There might be temporary network issues that could prevent the delivery of the OTP to your mobile number.
- Incorrect Mobile Number: Double-check that you have entered the correct 10-digit Aadhaar-linked mobile number during registration.
- Mobile Network Restrictions: Some mobile network providers may have restrictions or filters that block particular OTP messages.
- Delay in Delivery: In some cases, there might be a delay in receiving the OTP due to network congestion or other technical reasons.
- Full Inbox: The OTP message may not be delivered if your mobile inbox is complete. Clear some space and try again.
- Spam/Blocked Messages: Check if the OTP message has been mistakenly sent to the spam folder or if your mobile provider has blocked the messages.
If you encounter any issues with receiving the OTP, wait for a few minutes and try again…
If the problem persists, you may contact the support or helpline provided by the Sahara Refund Portal for assistance…
Conclusion
The Sahara Refund Portal launched by the Central Registrar of Cooperative Societies (CRCS) is a significant initiative to provide relief to millions of investors whose funds have been trapped…
With a user-friendly interface and a transparent refund process, the portal
FAQs
Who launched the Sahara Refund Portal?
The Central Registrar of Cooperative Societies (CRCS) launched the Sahara Refund Portal under the Ministry of Cooperatives, Government of India.
What is the refund amount allocated through the Sahara Refund Portal?
The total refund amount allocated through the Sahara Refund Portal is ₹5,000 crore.
How can investors register on the Sahara Refund Portal?
Investors can register on the Sahara Refund Portal by providing essential details like Membership Number, last 4 digits of their Aadhaar Number, and Aadhaar-linked Mobile Number, and verifying through OTP.
How much can eligible investors claim from the Sahara Refund Portal?
Eligible investors who had deposited ₹10,000 or more may receive a first payment of up to ₹10,000.
What documents are needed to apply for a refund on the Sahara Refund Portal?
The documents needed to apply for a refund on the Sahara Refund Portal include Membership Number, Deposited Account Number, Aadhaar linked with an active mobile number, Certificate/Passbook details of the deposit, and PAN card (for claim amounts of Rs 50,000 and above).
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