Refund Site For CRCS Sahara: Claim Procedure, Online Link, Eligibility, Required Documentation, And Application Instructions. Here Are All The Details.

CRCS Sahara Refund Portal: The procedure to reimburse depositors who have funds in four cooperative societies owned by the Sahara Group totaling 5,000 crore has been started by the Center. Cooperation Minister Amit Shah stated on Tuesday that the process of restoring the sum of 5,000 crore to investors is beginning today in a transparent manner on a trial basis. He also announced the creation of a ‘CRCS-Sahara Refund Portal’ to make the refund easier. This marks the start of the Sahara Group depositors’ money being refunded. The portal was created by an IFCI subsidiary.

Direct Online Link For Apply

The URL address for online Sahara Refund applications is https://mocrefund.crcs.gov.in.

Who may request a Sahara refund?

The CRCS Sahara return Portal is where eligible depositors of the four Sahara group societies listed below can request a return.

• 1. Sahara Credit Cooperative Society Ltd.
• 2. Saharayan Universal Multipurpose Society Ltd.
• 3. Humara India Credit Cooperative Society Ltd.
• 4. Stars Multipurpose Cooperative Society Ltd.

How to apply for the Sahara Refund on the website?

The bank accounts and mobile numbers of the depositors should be associated with their Aadhaar. They will also need to supply receipt information.

How long will it take to get a refund?

Amit Shah promised that the claimants’ bank accounts will get the money within 45 days.

Sahara Refund portal will benefit investors

According to Amit Shah, the portal will first help one crore depositors. He continued, saying it is a wonderful accomplishment for the roughly 1.78 crore small investors whose funds up to $30,000 are frozen to receive their money back.

Refund from Sahara: Eligibility

Depositors of the three societies listed below who made their deposits prior to March 22, 2022

• Sahara Credit Cooperative Society Limited
• Saharayan Universal Multipurpose Society Limited
• Hamara India Credit Cooperative Society Limited

The Following Society’s Depositors Who Made Their Deposits Before March 29, 2023

Limited by the Stars Multipurpose Cooperative Society.

How To Apply On The Sahara Refund Portal?

• Visit the Sahara Refund Portal for CRCS
• Enter your 10-digit Aadhaar-linked mobile number, your 12-digit Membership Number, the last four digits of your Aadhaar Number, and the Captcha. After that, click “Get OTP.”
• Now, enter the OTP
• After logging in, follow Aadhaar’s prompts to confirm.
• Click “I agree” to accept the terms and conditions on the following page.
• Type in your 12-digit Aadhaar number and select “Get OTP.”
• Type the OTP and press “Verify OTP.”
• You will see your Aadhaar user data after the OTP has been verified.
• Type in the information found on the Certificate of Deposit.
• To see all the information, click “Submit Claim”.
• A pre-filled claim request form will be created once all the claim information has been entered. Before filling out the form, please make sure all claims are included because changes or additions cannot be made afterward.
• Attach your most recent photo, then sign the claim form next to the photo.
• Upload your PAN card copy and the claim form to the “Upload Document” screen. (If the claim amount is Rs. 50,000 or more, a PAN card is required.)
• Don’t forget to record the claim request number. For future use, be careful to write down the claim request number.

What Amount Will Be Refunded?

The initial payout of up to 10,000 will be provided to one crore investors who had deposited 10,000 or more, according to Shah, who went on to elaborate on the procedure that depositors must follow.

How Long Will It Take To Get A Refund?

The money would be put into their bank accounts within 45 days, I guarantee you, Shah stated.

The Sahara Refund Portal’s FAQ section contains all the information you need to know about the refund. Link here

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