CRCS Sahara Refund Portal

(Central Registrar of Cooperative Societies (CRCS))

Portal Subject – Refunds of depositors of four Sahara Group Co-operative Societies

IMPORTANT DATES

• Portal Launch Date – 18 July 2023

• Last Date – Not Specified

APPLICATION FEE

• No Application Fee

WHO CAN APPLY?

Eligible Depositor (legitimate depositors)

DOCUMENTS TO BE REQUIRED

Membership Number

Deposit Account Number

Aadhaar linked Mobile Number (Mandatory)

Deposit certificates / Passbook

PAN card (if claim amount is Rs. 50,000/- and above) (Mandatory)

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Sahara Refund Portal

The Central Registrar of Cooperative Societies (CRCS) has introduced the Sahara Refund Portal as a dedicated platform to facilitate refunds for investors associated with Sahara Group’s Cooperative Societies. This portal has been designed with the primary objective of returning approximately Rs. 5,000 crore to those whose investments have been stuck for a significant duration.

The inauguration of the Sahara Refund Portal took place on July 18, 2023, with the esteemed presence of Hon’ble Union Minister for Home & Cooperation, Shri Amit Shah. Its user-friendly interface has been thoughtfully crafted to offer a seamless experience for investors seeking to reclaim their investments.

The creation of this portal was a response to the Supreme Court’s decision, which aimed to ensure transparency and provide a 100% guarantee for investors to recover their money without any hassle. With the Sahara Refund Portal now in place, investors can approach the process with confidence and certainty in receiving their rightful refunds.

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CRCS Sahara Refund Portal Registration

Registering on the Sahara Refund Portal is a straightforward process, initiated by the Central Registrar of Cooperative Societies (CRCS), to assist investors of Sahara Group’s Cooperative Societies in claiming their refunds. Investors can easily complete the registration by providing essential details such as their Membership Number, the last 4 digits of their Aadhaar Number, and the Aadhaar-linked Mobile Number. The registration process also involves verification through OTP (One-Time Password) to ensure security.

To start the registration process, simply visit the official registration page at https://mocrefund.crcs.gov.in/Depositor/Register. This user-friendly platform has been designed to offer a seamless experience to millions of depositors who are seeking to reclaim their trapped investments. With just a few simple steps, investors can efficiently register on the portal and begin their journey towards getting their refunds.

Eligibility Criteria for CRCS Sahara Refund Portal – The genuine and legitimate Depositors of following four Sahara Societies are eligible for refund through the CRCS Sahara Refund Portal

i) Humara India Credit Cooperative Society Limited, Kolkata.

ii) Sahara Credit Cooperative Society Limited, Lucknow.

iii) Saharayan Universal Multipurpose Society Limited, Bhopal.

iv) Stars Multipurpose Cooperative Society Limited, Hyderabad

Who can apply?

On the CRCS Sahara Refund Portal, depositors who meet the eligibility criteria from four Sahara group societies, namely Sahara Credit Cooperative Society Ltd., Saharayan Universal Multipurpose Society Ltd., Humara India Credit Cooperative Society Ltd., and Stars Multipurpose Cooperative Society Ltd., have the opportunity to apply for a refund.

Eligibility Criteria for Filing a Claim – 

The Depositors must have made deposits & have outstanding dues receivable
before the following dates, for filing a claim request :

22nd March 2022 for – 

1. Humara India Credit Cooperative Society Limited, Kolkata.

2. Sahara Credit Cooperative Society Limited, Lucknow.

3. Saharayan Universal Multipurpose Society Limited, Bhopal.

29th March 2023 for:

1. Stars Multipurpose Cooperative Society Limited, Hyderabad.

(For more details check the User Manual & Official Website)

Online Apply Process for CRCS Sahara Refund – To request a refund through the Sahara Refund Portal, just follow these straight forward steps :

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 essential details.

3. Verify your email address to facilitate future communication.

4. Log in to your account using your Aadhaar number and mobile number.

5. Familiarize yourself with the portal’s instructions and features to ensure a seamless application process.

6. Provide accurate and comprehensive information by filling out the online refund request form.

7. Upload the required documents, ensuring they meet the specified size limits.

8. Double-check all the information and documents for accuracy before proceeding to submit the refund request.

9. Finally, submit your refund request through the portal.

Refund Process & Amount for CRCS Sahara Refund – During the initial phase, the refund portal is set to distribute a total of Rs 5,000 crore among depositors. In this phase, each depositor will have the opportunity to claim a maximum of Rs 10,000. As a trial basis, the portal will initiate refunds of Rs 10,000 to investors initially, and based on the success of this trial, the refund amount may be increased in the future.

Sahara Refund Portal OTP Not Received

If users are experiencing challenges in receiving the OTP on the Sahara India Refund Portal while entering their Aadhaar number, it could be attributed to technical glitches on the recently launched website. In such cases, it is advised to remain patient and attempt the process again at a later time. It is probable that the developers are actively working to resolve the issue, and with some time, users should be able to receive the OTP and successfully complete their registration on the portal without any hindrance.