The Central Registrar of Cooperative Societies (CRCS), a part of the Ministry of Cooperatives in the Government of India, has successfully launched the Sahara Refund Portal. This is good news for approximately 100 million members of the Sahara Group. The portal aims to return about Rs. 5,000 crore to individuals whose investments have been stuck for a long time. On July 18, 2023, Shri Amit Shah, the Union Minister for Home & Cooperation, officially inaugurated the Sahara Refund Portal. The portal is designed to be user-friendly, making it accessible for people who aren’t very familiar with the internet to easily retrieve their investments without any hassle.
mocrefund.crcs.gov.in Sahara Refund Portal
|Portal Name||Sahara Refund Portal|
|Launch Date||July 18, 2023|
|Refund Amount||Up to ₹10,000|
|Registration & Login Link||https://mocrefund.crcs.gov.in/Depositor/Login|
|Registration||Aadhaar-linked Mobile Number|
|Login||last 4 digits of Aadhaar Number|
10-digit Aadhaar-linked Mobile Number
|OTP Not Received||Click on “Resend OTP”|
|Documents Needed||Membership Number, Deposited Account Number, Aadhaar linked with an active mobile number, Certificate/Passbook, details of the deposit, PAN card (for claim amounts of Rs 50,000 and above)|
Sahara Refund Portal
The Sahara Refund Portal is a website created by the Central Registrar of Cooperative Societies (CRCS). It helps individuals who put their money into Sahara Group’s Cooperative Societies to retrieve their money. An amount of around Rs. 5,000 crore will be returned to investors who couldn’t access their investments for a significant period. The portal was initiated by the Hon’ble Union Minister for Home & Cooperation, Shri Amit Shah, on July 18, 2023. It’s user-friendly and designed to simplify the process of reclaiming invested funds. This portal was established following the Supreme Court’s ruling to ensure transparency and to assure investors that they will receive their full investment without any complications.
Sahara Refund Portal Launch Date
The Sahara Refund Portal began on July 18, 2023, by the Central Registrar of Cooperative Societies (CRCS), a part of the Ministry of Cooperatives in the Government of India. It helps about 100 million investors from Sahara Group’s Cooperative Societies to receive their money back. Shri Amit Shah, the Honorable Union Minister for Home & Cooperation, launched the website. This helps those affected by the Sahara scam and ensures a fair and transparent refund process.
Claim Depositors for Sahara Refund Portal
The amount you can receive from the Sahara Refund Portal depends on how much you invested with Sahara Group’s Cooperative Societies. If you invested ₹10,000 or more, you might receive an initial payment of up to ₹10,000. There is a total of ₹5,000 crore available for refunds. If you invested in Humara India Credit Cooperative Society Limited, Sahara Credit Cooperative Society Limited, and Saharayan Universal Multipurpose Society Limited and still owe money before March 22, 2022, you can get your money back. Additionally, if you invested in Stars Multipurpose Cooperative Society Limited and still owe money before March 29, 2023, you can also receive a refund.
CRCS Sahara Refund Portal Registration
The Sahara Refund Portal registration is a simple process introduced by the Central Registrar of Cooperative Societies (CRCS). People who have invested in Sahara Group’s Cooperative Societies can easily register on the portal to receive their refunds. To sign up, you just need to provide important details like your Membership Number, the last 4 digits of your Aadhaar Number, and your Aadhaar-linked Mobile Number. After confirming using an OTP, you will complete the registration. To begin, visit the official registration page at https://mocrefund.crcs.gov.in/Depositor/Register. This user-friendly website makes it easy for the millions of depositors who want to get back their trapped investments.
CRCS Sahara Refund Portal Login
The CRCS Sahara Refund Portal Login is an important step for investors in Sahara Group’s Cooperative Societies to receive their refund money. To log in, investors need to enter the last 4 digits of their Aadhaar Number and the 10-digit Aadhaar-linked Mobile Number on the portal’s login page: https://mocrefund.crcs.gov.in/Depositor/Login. Once these details are provided, investors will receive a special password (OTP) to confirm their identity. After entering the OTP, they can access their accounts and begin the process of receiving their money back. This secure and simple login system is designed to help eligible individuals use the website and initiate their refund process without any difficulty.
Eligibility of Sahara Refund Portal
The statement refers to a group of people who invested their money in certain cooperative societies before specific dates: Sahara Credit Cooperative Society Limited, Saharayan Universal Multipurpose Society Limited, and Hamara India Credit Cooperative Society Limited before March 22, 2022, and Stars Multipurpose Cooperative Society Limited before March 29, 2023.
Sahara Refund Portal: Documents needed
- Membership Number
- Deposited Account Number
- Aadhaar linked with an active mobile number
- Certificate/Passbook details of the deposit
- PAN card (for claim amounts of Rs 50,000 and above)
Steps To Apply for Sahara Refund Portal
To get a refund from the Sahara Refund Portal, follow these steps:
Visit the official Sahara Refund Portal website by going to https://mocrefund.crcs.gov.in/Depositor/Register. Once there, enter the last 4 digits of your Aadhaar Number and your 10-digit Aadhaar-linked Mobile Number. Don’t forget to input the captcha shown on the registration page. After that, click on the “Submit” button to proceed.
When you’re on the Depositor Login page of the CRCS Portal, provide the last 4 digits of your Aadhaar Number and your 10-digit Aadhaar-linked Mobile Number. To get a One-Time Password (OTP) on your registered mobile number, tap on “Six-digit Get OTP.” Enter the OTP (which is a 6-digit code) you received and press “Verify OTP to Enter” to log in.
Give your consent and accept the terms and conditions by clicking “I Agree” on the next page. On the Personal Details page, provide your 12-digit Aadhaar Number and click “Get OTP” to confirm your details. You’ll then see your connected user details, such as first name, middle name, last name, date of birth (DOB), and Father/Husband name. Optionally, you can also add your Email ID.
Enter the Certificate of Deposit details and click “Submit Claim” to continue. Make sure to accurately fill in the refund claim details, as mistakes might not be fixable later. If needed, you can attach a photo as proof of your claim.
Sahara Refund Payment Status
After you finish registering by filling out the refund claim form, you can see if your Sahara Refund Payment is on its way by visiting the website. All you need to do is provide the last four digits of your Aadhar Card and the mobile number you used for registration. It usually takes 7 to 10 days to get your refund because the authorities carefully verify your information before sending your money to your bank account. There’s a total of RS.5000 Crore available for refunds, and here’s the deal: if you invested less than RS.50,000, you’ll likely get your money within 7 days after registering. But if you invested more, it might take 1-2 weeks for your refund to arrive.
mocrefund.crcs.gov.in Sahara Refund Status Check
To check your Sahara Refund Status, follow these steps one by one:
- Visit the official CRCS- Sahara Refund Portal website: https://mocrefund.crcs.gov.in/.
- On the homepage, click on the “Depositor Login” tab.
- To continue, enter your Aadhar Number’s last 4 digits and your Aadhar Linked Mobile Number accurately.
- Click on the “Get OTP” option and wait for a few minutes to receive a One Time Password (OTP) from the system.
- Once you receive the OTP on your device, enter it to proceed to the status page.
- Now, you will be taken to the Sahara Refund Status page. Check your refund status there.
- If your refund hasn’t been initiated yet, don’t worry. Wait for a few more days, and it will be credited to your bank account after proper verification.
Sahara Refund Portal FAQs
The CRCS Sahara Refund Portal exists to protect the interests of cooperative members. It helps manage refund requests from depositors who invested money in Sahara Group’s cooperative societies, such as Sahara Credit Cooperative Society Ltd, Saharan Universal Multipurpose Society Ltd, Humara India Credit Cooperative Society Ltd, or Stars Multipurpose Cooperative Society Ltd.
Typically, it may take around 10-15 days for the Sahara Refund to be deposited into your account.
To apply for the Sahara Refund Claim online, you can visit mocrefund.crcs.gov.in.
You will need a PAN Card, Aadhar Card, Depositor Slip, and Passbook to complete the Sahara Refund Claim Form.