Welcome to the CRCS Sahara Refund Portal, where the Centre has initiated the refund process for depositors with funds stuck in four cooperative societies of the Sahara Group, amounting to ₹5,000 crore. Cooperation Minister Amit Shah launched the ‘CRCS-Sahara Refund Portal’ to ensure a transparent and trial-based refund process. This marks the beginning of the refund journey for Sahara Group depositors. The portal, developed by an IFCI subsidiary, streamlines the refund procedure for your convenience.
Direct Online Link to Sahara Refund Portal
To apply for the Sahara Refund online, please visit our official website at https://mocrefund.crcs.gov.in. This direct link will take you to the dedicated portal where you can initiate your refund claim.
Eligibility Criteria for Sahara Refund
Depositors from the four listed Sahara group societies mentioned below are eligible to submit refund applications through the CRCS Sahara Refund Portal:
- Sahara Credit Cooperative Society Ltd.
- Saharayan Universal Multipurpose Society Ltd.
- Hamara India Credit Cooperative Society Ltd.
- Stars Multipurpose Cooperative Society Ltd.
Applying on the CRCS Sahara Refund Portal
To successfully apply for a refund on the portal, please ensure that your Aadhaar is linked to your mobile number and bank account. Additionally, you will need to provide your receipt details.
Estimated Refund Timeline
Rest assured that the refund process has been optimized for efficiency. Cooperation Minister Amit Shah guarantees that the refund amount will be deposited into claimants’ bank accounts within 45 days of the claim’s initiation.
Benefits of the Sahara Refund Portal for Investors
During the launch, Amit Shah expressed that the portal would initially benefit approximately one crore of depositors. This achievement is significant as it ensures the return of money to around 1.78 crore small investors, whose funds, up to ₹30,000, have been stuck.
Eligibility for Sahara Refund
Depositors who have invested in the following societies before March 22, 2022, are eligible for a refund:
- Sahara Credit Cooperative Society Limited
- Saharayan Universal Multipurpose Society Limited
- Hamara India Credit Cooperative Society Limited
- Stars Multipurpose Cooperative Society Limited
Depositors who have invested before March 29, 2023, are eligible for a refund.
Step-by-Step Guide to Applying on the Sahara Refund Portal
- Visit the CRCS Sahara Refund Portal.
- Fill your 12-digit Membership Number
- Fill the last 4 digits of your Aadhaar Number
- Give your 10-digit Aadhaar-linked Mobile Number
- Fill Captcha
- Then click “Get OTP
- Enter the received OTP
- When logged in, provide your consent as prompted by Aadhaar
- On the next page, accept the terms and conditions by clicking “I agree”
- Then, provide your 12-digit Aadhaar Number and click the “Get OTP” button.
- Enter the received OTP and click “Verify OTP
- After OTP verification, your Aadhaar user details will be displayed
- Enter the details as mentioned on the Certificate of Deposit
- Click “Submit Claim” to review all the entered details
- Ensure that all claim details are accurate, as the pre-filled claim request form cannot be modified later
- Affix your latest photograph and sign the claim form, including the photograph.
- Upload the claim form and a copy of your PAN card on the “Upload Document” screen. (Please note that a PAN card is mandatory for claim amounts of Rs 50,000 or more.)
Remember to note down the claim request number for future reference.
Refund Amount Details
Regarding the refund distribution process, Amit Shah clarified that the first payment of up to ₹10,000 will be made to one crore investors who have deposited ₹10,000 or more.
Estimated Refund Timeline
Rest assured that the refund amount will be deposited into your bank account within 45 days, as guaranteed by Amit Shah.
Concusion
By following these guidelines, you can easily navigate the CRCS Sahara Refund Portal and initiate your refund claim in a hassle-free manner. We strive to ensure transparency and efficiency throughout the process, providing relief to depositors and returning their hard-earned money.
Frequently Asked Questions (FAQ’s)
Q1. How can I apply for a refund through the Sahara refund portal?
To apply for a refund, visit the CRCS Sahara Refund Portal at https://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. Click “Get OTP,” verify the OTP, and provide the required details to complete your claim.
Q2. What are the eligibility criteria for availing the Sahara refund?
Eligible depositors of four Sahara Group societies – Sahara Credit Cooperative Society Ltd., Saharayan Universal Multipurpose Society Ltd., Humara India Credit Cooperative Society Ltd., and Stars Multipurpose Cooperative Society Ltd. – can apply for a refund through the CRCS Sahara Refund Portal.
Q3. What documents are required to initiate the Sahara refund process?
You will need to link your Aadhaar to your mobile number and bank account. Additionally, provide your receipt details as part of the refund application process.
Q4. Is there a direct online link to access the Sahara refund portal?
Yes, the direct online link to apply for a refund is https://mocrefund.crcs.gov.in.
Q5. How long does it typically take to receive the Sahara refund once applied?
Cooperation Minister Amit Shah assures that the refund amount will be deposited into the bank accounts of claimants within 45 days of initiating the claim.