Sahara India Refund Process: At the age of 75, Subrata Roy, the main face of Sahara, passed away, leaving billions of rupees stuck with Sahara India. Despite the prolonged legal battles, Sahara is now returning the money. I, too, had deposited my money with Sahara and successfully reclaimed it through the CRCS Sahara Refund Portal. Let me guide you through the process.
CRCS Sahara Refund 2023 – Online Application Form:
The online application form for Sahara refund in 2023 is available on the official website mocrefund.crcs.gov.in. Investors need to register on the Central Registrar of Cooperative Societies (CRCS) Sahara Refund Portal. Launched by the Ministry of Cooperation, Government of India, on July 18, 2023, this portal facilitates the return of funds to depositors.
CRCS Sahara Refund Portal:
This online portal is designed for individuals who have been depositing a portion of their income with Sahara for years. The government has created this portal to ensure a secure future for those who have entrusted their savings with Sahara. By applying through CRCS, Sahara India will refund the deposited money. Valid depositors from Sahara Group’s cooperative societies are set to receive a refund of 5,000 crores within 45 days of registration.
Key Information:
| Name of Organization | Central Registrar of Cooperative Societies (CRCS) |
| Started by | Amit Shah |
| Portal launched on | 18 July 2023 |
| Refund Amount | 5,000 Crores |
| Refund Time | 45 Days |
| Official website | mocrefund.crcs.gov.in |
Sahara Refund Portal Registration:
If your money is stuck with Sahara, you need to apply for a refund on the Sahara Refund Portal. Over 700,000 investors have already applied under this portal, with more than 150 crores still to be claimed. To apply, you’ll need certain documents.
Documents Required for Registration:
Sahara Membership Number
Account Number
Active Mobile Number linked with Aadhar
Copy of Deposit Receipt/Passbook Details
PAN Card (if the amount is 50,000 or more)
Only members of four cooperative societies can apply through these portals: Sahara Credit Cooperative Society Limited, Sahara Universal Multipurpose Society Limited, Hamara India Credit Cooperative Society Limited, and Stars Multipurpose Cooperative Society Limited.
Filling the Sahara Refund Portal Online Claim Form 2023:
Step 1: Deposit Registration
Click on “Deposit Registration” on the Sahara Refund Portal.
Enter your mobile number and the last 4 digits of your Aadhar card for verification.
Step 2: Personal Information
After OTP verification, fill in personal details such as name, date of birth, father’s name, etc.
Step 3: Document Upload
Upload necessary documents and update details of the deposited amount.
Step 4: Submission
After updating all claim information, submit the form.
Download and print the form, then upload a photo/signature and other required information.
When will you receive the money?
You will receive the refunded amount in your account within 45 days from the day you applied. Initially, investors will receive a partial amount of 10,000 rupees. Successful claimants will receive an acknowledgment number on the portal and an SMS on their registered mobile number.
FAQs: Sahara Refund Portal:
Q: Can an investor claim without linking their Aadhar-linked bank account?
A: No, an investor cannot claim without an Aadhar-linked bank account. The Aadhar seeding will facilitate the secure transfer of the claimed amount to the investor’s bank account.
Q: Will the Aadhar details of the investor be stored on the portal?
A: No, the Aadhar details of the investor are not stored on the portal. It is encrypted as per UIDAI regulations.
Q: In what file formats can an investor upload documents?
A: Investors can upload documents in PDF/JPEG/PNG/JPEG2 formats.
Q: Is it necessary for the investor to provide details of all deposits in a single claim form?
A: Yes, the investor needs to provide details of all Sahara society deposits in a consolidated manner on a single claim form.
