In August 2023, home minister Amit Shah transferred the first installment of Rs 10,000 each to 112 beneficiaries. In August around 18 lakh people had registered with the portal f0r the CRCS Sahara refund.
Home minister Amit Shah launches CRCS Sahara refund portal
July 19, 2023: The Central Registrar of Cooperative Societies (CRCS) Sahara refund portal was launched on July 18, 2023, by union home and cooperation minister Amit Shah. This portal sets the process of giving a refund in 45 days to claims worth around Rs 5,000 crore that belong to small depositors.
Crores of people lost money by investing in the Sahara Group’s four cooperative societies- Sahara Credit Cooperative Society Ltd, Saharayan Universal Multipurpose Society Ltd, Humara India Credit Cooperative Society Ltd and Stars Multipurpose Cooperative Society Ltd almost 20 years back.
On March 29, 2023, the government had said money will be returned to 10 crore investors of the four cooperative societies within 9 months, according to media reports.
The portal is a result following the Supreme Court (SC) order that directed the transfer of Rs 5,000 crore from the Sahara-Sebi refund account to the CRCS. According to media reports, Amit Shah said, “To begin with, the depositors would get up to Rs 10,000 refund and subsequently the amount would be enhanced for those who have invested higher amounts. The corpus of Rs 5,000 crore would be able to take care of the needs of 1.7 crore depositors in the first phase.”
“Once the Rs 5,000 crore is utilised, we will approach the SC and request them to release more money so that the total refund of other depositors with higher amounts are processed,” Shah added.
CRCS Sahara refund portal: Eligibility
Depositors who have made deposits and have outstanding dues receivable before the following dates are eligible for filing a claim request:
March 22, 2022, for
- Humara India Credit Cooperative Society Limited, Kolkata.
- Sahara Credit Cooperative Society Limited, Lucknow.
- Saharayn Universal Multipurpose Society Limited, Bhopal.
March 29, 2023, for
- Stars Multipurpose Cooperative Society Limited, Hyderabad
The claim form has to be filled online and supporting documents as proof of their claims and deposits should be submitted. Note, as per the government website, only claims filed online through the portal will be entertained. Also, there is no fee for submitting a claim. Depositors should use the same claim form for requesting claims to all four societies.
For the claim to be processed, depositors should have an Aadhaar-linked mobile number and bank account. The claim application will be verified by the Sahara Group of Cooperative Societies within 30 days of submission. After that within 15 days, you will be communicated via SMS or the portal totalling to 45 days of filing the online claim.
CRCS Sahara refund portal: Steps to file for refund
Log on to CRCS Sahara refund portal at https://mocrefund.crcs.gov.in/#
- Click on depositor registration. You will reach the following page. Here, enter Aadhaar number, Aadhaar linked mobile number and enter OTP.
- Next, click on Depositor Login. Enter Aadhaar number, Aadhaar linked mobile number, captcha and click on Get OTP.
- Once you login on the website, agree to the terms and conditions.
- On the personal details screen, enter the Aadhaar card number and click on Get OTP. Enter the OTP and click on Verify OTP.
- Next, you will see Aadhaar user details including First Name, Middle Name, Last Name, Date of Birth and Father/Husband Name.
- Enter your email ID and click on Save Email and click on the Next button.
- Enter the details displayed on the Certificate of Deposit.
- Click Submit Claim to view all the details and add the multiple claim requests.
- Next the pre-filled claim request form will be prepared. Note that all claim requests should be entered before preparing the form as the form can’t be edited or added later.
- Next fix your passport size photograph, sign the claim form and upload by clicking on upload document. Note a copy of the PAN card is important if the claim amount is Rs 50,000 or more.
- Finally, you will receive a thank you message with a claim request number. Make a note of this number for future reference.
CRCS Sahara refund portal: Toll free number
1800 103 6891 / 1800 103 6893
FAQs
How to apply CRCS Sahara refund online?
To apply for the Sahara Refund Claim online, visit the mocrefund.crcs.gov.in.
What is CRCS Sahara refund portal?
This portal is meant to refund the depositors who invested in Sahara’s 4 schemes.
What is the CRCS Sahara refund 2023?
The CRCS Sahara Refund Portal on 18 July 2023, launched the CRCS Sahara Refund Portal with an intention to complete the money refund process within 45 days of registration.
How do I check the status of my CRCS refund?
Very soon the Sahara Refund Portal will activate a link to check the status.
Who is eligible for refund through the CRCS Sahara Refund Portal?
The legitimate depositors of four Sahara Societies- Humara India Credit Cooperative Society Limited, Kolkata, Sahara Credit Cooperative Society Limited, Lucknow, Saharayan Universal Multipurpose Society Limited and Bhopal and Stars Multipurpose Cooperative Society Limited, Hyderabad are eligible for refund through the CRCS Sahara Refund Portal.
Is there any fee for filing the claim form?
No, there is no fee attached for filing the claim form.
Is a PAN card mandatory for receiving the claim?
PAN card is necessary for claims of Rs 50,000 and above.
Can a depositor add more claims after submitting the claim form?
No, a depositor should use the same form and file all claims in that form. Further claims cannot be added once form is submitted.
How will the depositor receive the refund /claimed amount?
The claimed amount will be refunded directly to the depositor’s Aadhaar seeded bank account in 45 days after successful claim submission.
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