How to apply from Sahara Refund Portal – Depositors must register on the CRCS – Sahara Refund Portal and file Sahara Group of Cooperative Societies claims in order to get reimbursements within 45 days. On Tuesday, Amit Shah, Union Home Minister and Minister of Cooperation, launched the ‘Central Registrar of Cooperative Societies (CRCS)-Sahara Refund Portal’ in New Delhi. This move is in response to a Supreme Court decision on March 29 that mandated the transfer of Rs. 5000 crores from the “Sahara-SEBI Refund Account” to CRCS for the purpose of disbursing dues to legitimate depositors of the Sahara Group of Cooperative Societies.
Union Minister Shah stated that the first payment of up to Rs.10,000 would be issued through this platform to one crore investors who have contributed Rs. 10,000 or more.
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He stated that after the Rs. 5,000 crore payment, another petition would be filed in the Supreme Court to restore the money to the remaining investors.
Individuals who made deposits prior to March 22, 2022, in the following three societies
- Sahara Credit Cooperative Society Limited
- Saharayan Universal Multipurpose Society Limited
- Hamara India Credit Cooperative Society Limited
The depositor must have:
1. Membership number.
2. Deposit account number
3. Mobile Number linked with Aadhaar (Mandatory)
4. Certificate of Deposit/Passbook
5. PAN Card (if the claim amount is Rs.50,000/- and above it is mandatory)
How to apply on CRCS Sahara Refund Portal?
Step 1: Open CRCS Sahara Refund Portal: https://mocrefund.crcs.gov.in/
To register as a depositor, enter your 12-digit Membership Number, the last 4 digits of your Aadhaar Number, your Aadhaar-linked Mobile Number, and the Captcha. Then click “Get OTP.”
Step 2: Enter the OTP received on your Aadhaar-linked mobile number and complete the registration process.
Step 3: On the depositor login screen, enter the last 4 digits of your Aadhaar Number, your 10-digit Aadhaar-linked Mobile Number, and the Captcha. Click “Get OTP.”
Step 4: Enter the OTP.
Step 5: After logging in, provide your consent as prompted by Aadhaar and accept the terms and conditions on the following page by clicking “I agree.”
Step 6: Enter your 12-digit Aadhaar number on the Personal Details screen. Then, click “Get OTP”. The OTP will be sent to the mobile number linked to your Aadhaar.
Step 7: Enter OTP and click on “Verify OTP.”
Step 8: Once you have verified the OTP, your Aadhaar user details will be displayed. These details will include your First Name, Middle Name, Last Name, Date of Birth, and Father/Husband Name.
Step 9: Alternatively, enter your email address and click “Save Email”, then hit the “Next” button.
Step 10: Enter the details displayed on the Certificate of Deposit.
Step 11: Click “Submit Claim” to see all the details in the grid below. Here, you can add multiple claim requests.
Step 12: After entering all claim details, generate the pre-filled claim request form. Ensure all claims are entered beforehand because the form cannot be changed or added later.
Step 13: Paste your latest photograph and sign on the claim form with the photograph.
Step 14: Upload the claim form and a copy of your PAN card on the “Upload Document” screen. (PAN card is mandatory if the claim amount is ₹50,000 or more)
The size limit of the signed claim request form, along with the photograph and PAN card, is 12 MB and 50 KB.
Step 15: A page displaying the claim request number will appear. Remember to write it down for future reference.
At what time will the refund be credited?
Sahara Society will process and verify your claim within 30 days from submission. After verification, authorized verifiers and CRCS will process your claim in 15 days.
The refund will be credited to depositors’ bank accounts within 45 days after filing their online claims. Depositors will receive updates on the status of their claims via SMS or the online portal.
