The Sahara Refund Portal is an initiative by the Indian government to facilitate refunds for depositors of Sahara Group’s cooperative societies. This portal was launched in compliance with a Supreme Court directive, aiming to ensure transparency and efficiency in refunding investors whose funds were stuck in these societies.
The process is entirely online, requiring depositors to register, submit claims, and track their refund status. Below is a detailed guide on the registration process, eligibility criteria, required documents, and other relevant information.
Article Contents
Sahara Refund Portal
| Feature | Details |
|---|---|
| Portal Name | CRCS – Sahara Refund Portal |
| Launch Date | July 18, 2023 |
| Purpose | Refund of deposits from Sahara Group Cooperative Societies |
| Eligible Societies | Sahara Credit Cooperative Society Ltd., Saharayan Universal Multipurpose Society Ltd., Humara India Credit Cooperative Society Ltd., Stars Multipurpose Cooperative Society Ltd. |
| Refund Timeline | Within 45 days of successful claim submission |
| Mode of Application | Online |
| Charges | Free |
| Documents Required | Aadhaar-linked bank account details, deposit certificates, PAN card (if applicable), claim form |
| Official Website | mocrefund.crcs.gov.in |
Step-by-Step Guide to Register on the Sahara Refund Portal
1. Registration Process
- Visit the official CRCS Sahara Refund Portal.
- Click on the “Depositor Registration” tab.
- Enter the following details:
- Last four digits of your Aadhaar number.
- Aadhaar-linked mobile number.
- Captcha code.
- Click on “Get OTP” and enter the OTP received on your registered mobile number.
- Verify the OTP to complete your registration.
2. Login Process
- Go back to the portal homepage and click on “Depositor Login.”
- Enter the last four digits of your Aadhaar number and your registered mobile number.
- Complete OTP verification to access your account.
How To File A Claim?
- Log in to the portal using your credentials.
- Agree to Aadhaar consent terms and conditions.
- Enter your 12-digit Aadhaar number and complete OTP verification.
- Verify personal details fetched from Aadhaar.
- Add claim details:
- Enter information about your deposits (e.g., membership number, deposit amount).
- You can add multiple claims if applicable.
- Generate a pre-filled Claim Request Form.
- Affix a recent photograph and sign across it as well as on the form.
- Upload the signed claim form along with required documents:
- PAN card (mandatory for claims above ₹50,000).
- Deposit certificates or passbook.
Acknowledgment:
Once submitted, you will receive a Claim Request Number for future reference. The refund amount will be credited directly to your Aadhaar-linked bank account within 45 days.
Eligibility Criteria
- The depositor must have invested in one of the four Sahara Group cooperative societies:
- Sahara Credit Cooperative Society Limited (Lucknow).
- Saharayan Universal Multipurpose Society Limited (Bhopal).
- Humara India Credit Cooperative Society Limited (Kolkata).
- Stars Multipurpose Cooperative Society Limited (Hyderabad).
- Deposits must have been made before:
- March 22, 2022, for three societies listed above.
- March 29, 2023, for Stars Multipurpose Cooperative Society Limited.
- Aadhaar must be linked to both the depositor’s mobile number and bank account.
Required Documents
- Deposit Certificate/Passbook: Proof of investment in Sahara societies.
- Claim Request Form: Filled out during the application process.
- PAN Card: Mandatory if the claim amount exceeds ₹50,000.
- Aadhaar-linked Bank Account Details: For direct credit of refunds.
- Mobile Number: Linked with Aadhaar for OTP verification.
FAQs About Sahara Refund Portal
How will I know if my claim is approved?
You will receive notifications via SMS or email regarding the status of your claim.
How long does it take to receive the refund?
Refunds are processed within 45 days of successful submission.
Can I submit multiple claims?
Yes, you can add multiple claims under one application if you have investments in different societies.
