The Sahara Refund Portal was launched on July 18, 2023, by the Central Registrar of Cooperative Societies (CRCS), Ministry of Cooperatives, Government of India. Its main objective is to distribute Rs 5000 crore to authorized members of Sahara Group’s cooperative societies. The portal was introduced by the Hon’ble Union Minister for Home & Cooperation, Shri Amit Shah, and it allows eligible depositors to apply for refunds through the official website, https://mocrefund.crcs.gov.in. This initiative was implemented following a Supreme Court ruling that provides Sahara depositors with the opportunity to reclaim their investments conveniently through the Sahara Refund Portal.
Sahara Refund Portal
The Sahara Refund Portal, set to be introduced by Union Cooperative Minister Amit Shah on July 18, 2023, has generated excitement among Sahara's 100 million depositors. This online platform will enable investors whose investment period has expired to receive their funds. The launch of the portal is a direct consequence of the Supreme Court's ruling, with the objective of providing comprehensive information to Sahara investors regarding the money refund process. The Ministry of Cooperation has undertaken this initiative to address the grievances of investors who had deposited funds with the Sahara Portal and Sahara Group's cooperative societies, including Sahara Credit Cooperative Society Limited. To meet these claims, the Supreme Court has instructed CRCS to allocate Rs 5,000 crore.
Sahara Refund Portal: Overview
| 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 |
| Headquarter | 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 |
Sahara Refund Portal Login
To access the Sahara Refund Portal CRCS Login, individuals can visit the official website at https://mocrefund.crcs.gov.in/Depositor/Login. Once on the website, depositors can easily log in and apply for their refunds by following the instructions provided on the portal. The portal allows eligible individuals to easily access and submit their refund requests by providing their Aadhaar number, mobile number, and other necessary details. With the goal of simplifying the refund process and facilitating a seamless experience for investors, the portal aims to make it convenient for depositors to claim their dues.
CRCS Sahara Refund Portal
The CRCS Sahara refund portal links depositors’ Aadhaar numbers to their mobile phones and bank accounts. After providing receipt details and filling out the form, the refund process begins. Money is deposited into the claimant’s bank account within 45 days.
Sahara Refund Portal Launch Date
On July 18, 2023, the Sahara Refund Portal was launched as an important measure to attend to the legitimate grievances of depositors who had entrusted their hard-earned funds to Sahara Group's cooperative societies. This endeavour was initiated in response to a verdict by the Supreme Court, which instructed the transfer of Rs. 5000 crore from the "Sahara-SEBI Refund Account" to the CRCS for the purpose of distributing outstanding payments to eligible depositors.
NABARD Asistante Manager Recruitment 2023, Apply Online
CRCS Sahara Refund Portal Gov In
Union Minister Amit Shah has introduced the 'CRCS-Sahara Refund' in New Delhi, following the Supreme Court's directive to distribute Rs. 5000 Crores from the "Sahara-SEBI Refund Account" to legitimate depositors of Sahara Group's Cooperative Societies. The newly launched portal provides an exclusive opportunity for one crore investors, who have deposited Rs. 10,000 or more, to request the initial payment of up to Rs. 10,000. Once the Rs. 5,000 crore disbursement is complete, additional efforts will be made to return the remaining funds to other eligible investors through an appeal to the Supreme Court. Depositors who have invested in Sahara Group's Cooperative Societies before specific cut-off dates are eligible to apply for their claims.
How long will it take to get a refund?
The refund will be credited to the claimant’s bank account within 45 days after the submission of the claim on the CRCS Sahara refund portal.
Sahara Refund Portal Online Apply ProcessTo apply for a refund on the Sahara Refund Portal, please follow these straightforward steps:
- 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)
1. Go to the official website: https://mocrefund.crcs.gov.in/Depositor/Login.
2. Complete the registration process by entering your Aadhaar number, mobile number, and other requested details.
3. Confirm your email address to ensure effective communication.
4. Log in to your account using your Aadhaar number and mobile number.
5. Familiarize yourself with the portal's guidelines and available features to facilitate a seamless application process.
6. Provide accurate and comprehensive information by filling out the online refund request form.
7. Ensure that all required documents are uploaded within the specified size limits.
8. Thoroughly review all information and attached documents before finalizing and submitting the refund request.
9. Once everything is verified, submit your refund request on the portal.
Documents Required For CRCS Sahara Refund Portal
Documents required for applying on the CRCS Sahara Money refund portal:
Sahara India Refund Portal Not Working
As of the latest update, it appears that the Sahara Refund Portal is facing technical issues and is currently not working. Depositors who are trying to access the portal to apply for their refunds may encounter difficulties. It is advisable to keep an eye on official announcements and updates from the Central Registrar of Cooperative Societies (CRCS) or the Ministry of Cooperatives for information regarding the resolution of the issue and when the portal will be functional again.
Sahara Refund Portal OTP Not Received
When you enter your Aadhaar number and request an OTP on the Sahara India Refund Portal, you may not receive the OTP on your mobile number. This issue is being faced by many users. It is possible that this problem is occurring because the Sahara India Refund Portal has recently been launched, and there might be some technical glitches on the website. I suggest waiting for a while until the issue is resolved. After some time, you can try again, and hopefully, by then the problem will be solved.
0 Comments