The Central Registrar of Cooperative Societies (CRCS), Ministry of Cooperatives, Government of India, inaugurated the Sahara Refund Portal on July 18, 2023, with the intention of distributing Rs 5000 crore to authorized members of the cooperative societies owned by the Sahara Group. The portal was inaugurated by the honorable Union Minister for Home and Cooperation, Shri Amit Shah. Eligible depositors can submit online applications through the portal’s official website at https://mocrefund.crcs.gov.in. Following a Supreme Court decision, this effort gives Sahara depositors the chance to get their money back using the convenient Sahara Refund Portal.
Sahara Refund Portal
Sahara’s 10 crore depositors would be thrilled when Union Cooperative Minister Amit Shah introduces the Sahara Refund Portal on July 18, 2023. Investors whose investment period has ended will receive their money back using this gateway. The Supreme Court’s decision led to the launch, which intends to give Sahara investors all pertinent information on the Money refund procedure. The Ministry of Cooperation has taken this action in response to investor complaints regarding deposits made with the Sahara Portal and cooperative societies owned by the Sahara Group, notably Sahara Credit Cooperative Society Limited. In accordance with a Supreme Court judgment, CRCS must set aside Rs 5,000 crore for these claims.
| Overview | Sahara India Refund Portal |
|---|---|
| Name of the Portal | Sahara Refund Portal |
| Category | Finance |
| 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 |
| Chairman | Subrata Roy |
| Area served | WorldWide |
| Headquarters | Lucknow, Uttar Pradesh, India |
| Started On | 1978 – Gorakhpur |
| Eligibility | Open to Sahara’s 10 crore depositors whose investment time has expired |
| Portal Website | https://mocrefund.crcs.gov.in |
CRCS Sahara Refund Portal
The Aadhaar numbers of depositors are connected to their mobile devices and bank accounts through the CRCS Sahara refund site. The refund procedure starts after providing the form’s fields with the specifics of the receipt. Within 45 days, money is deposited into the claimant’s bank account.
Sahara Refund Portal Launch Date
On July 18, 2023, the Sahara Refund Portal was launched as a critical measure to satisfy the legitimate claims of depositors who had put their hard-earned money into the cooperative societies run by the Sahara Group. This move is in response to a Supreme Court decision that ordered the transfer of Rs. 5000 crore from the “Sahara-SEBI Refund Account” to CRCS for the purpose of paying legitimate depositors’ outstanding debts.
Sahara Refund Portal CRCS Login
You can visit the Sahara Refund Portal CRCS Login at the following address: https://mocrefund.crcs.gov.in/Depositor/Login. By following the instructions on the portal, depositors can log on to this website, apply for their refunds, and submit those requests. Eligible persons can easily log in and submit their refund applications through this platform. Depositors can use the portal and submit their refund requests by entering their Aadhaar number, mobile number, and other required information. By streamlining the refund procedure and ensuring investors have a positive experience, the portal intends to make it simple for investors to claim their dues.
CRCS Sahara Refund Portal Link
Depositors can go to the official website at https://mocrefund.crcs.gov.in to access the Sahara Refund Portal. They may find all the details, guidelines, and tools they need right here to submit their refund applications easily.
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CRCS Sahara Refund Portal Gov In
As instructed by the Supreme Court to distribute Rs. 5000 crores from the “Sahara-SEBI Refund Account” to legitimate depositors of Sahara Group’s Cooperative Societies, Union Minister Amit Shah unveiled the “CRCS-Sahara Refund” in New Delhi. One crore investors who made deposits of Rs. 10,000 or more have a one-of-a-kind opportunity to claim the first payment of up to Rs. 10,000 through the platform. After the distribution of Rs. 5,000 crore, efforts would be made to return the remaining funds to additional qualified investors through a Supreme Court appeal. The right to file a claim belongs to eligible depositors who made investments in the cooperative societies of the Sahara Group before particular deadlines.
Sahara Refund Portal Website and Form
The user-friendly interface of the Sahara India Refund Portal makes it simple for depositors to move through the application procedure. Depositors must register on the website by entering their pertinent information, connecting their Aadhaar number to their bank account and cellphone number, and uploading any required paperwork, including the certificate of deposit and PAN card (if applicable).
How Long Will It Take To Get A Refund?
After the claim is submitted on the CRCS Sahara refund portal, the refund will be credited to the claimant’s bank account within 45 days.
Online Application Process for the Sahara Refund Portal
Follow these easy steps to request a refund on the Sahara Refund Portal:
- Go to https://mocrefund.crcs.gov.in/Depositor/Login to access the official website.
- Use your Aadhaar number, mobile number, and other necessary information to register.
- Verify your email address so we can contact you later.
- Utilize your Aadhaar number and mobile phone to log into your account.
- For a simple application process, review the features and directions of the portal.
- Complete the online refund request form by entering true and correct details.
- Upload the required files, making sure they don’t exceed the permitted file sizes.
- Verify all the details and supporting documentation once again before filing the refund request.
- Fill out the portal to request a refund.
Note: Once a refund request has been made, depositors can check on its progress using the portal and get notifications by SMS or the portal. By ensuring that the return procedure is completed within 45 days of the date of registration, the Sahara return Portal provides depositors with a straightforward and transparent experience.
Required Documents for the CRCS Sahara Refund Portal
Documents needed to apply for a refund using the CRCS Sahara Money 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)
Sahara India Refund Portal Not Working
According to the most recent report, it appears that technical problems are keeping the Sahara Refund Portal from functioning right now. There may be issues for depositors trying to access the platform to apply for their refunds. To learn about the problem’s resolution and when the portal will be operational once more, it is advisable to follow official statements and updates from the Central Registrar of Cooperative Societies (CRCS) or the Ministry of Cooperatives.
Sahara Refund Portal OTP Not Received
You might not get the OTP on your mobile number if you submit your Aadhaar number and request one on the Sahara India Refund Portal. Many users are having trouble with this issue. It’s probable that this issue is happening since the Sahara India Refund Portal just went live, and there may be some website-related technical issues. I advise you to hold off till the problem is fixed. You can try again later, and hopefully by then the issue will have been resolved.
Conclusion
The Sahara Refund Portal is a crucial step in ensuring that depositors be paid in a timely and transparent manner for the money they are owed. The platform enables depositors to reclaim their hard-earned money without any needless headaches thanks to its user-friendly interface and simplified procedure. So don’t wait any longer if you are a cooperative society depositor who qualifies. Visit the Sahara Refund Portal, create an account, and submit your refund request right now!
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