Sahara Refund Portal Online: You seem to be supplying details on the Sahara Refund Portal, which was introduced by the Central Registrar of Cooperative Societies (CRCS), Ministry of Cooperatives, Government of India. Through this portal, Sahara Group cooperative societies with authorized members will receive a refund of Rs 5000 crore. On July 18, 2023, the portal was officially launched at an occasion officiated by the honorable Union Minister for Home & Cooperation Shri Amit Shah.
The Sahara Refund Portal Online accessible at https://mocrefund.crcs.gov.in, is the website where qualified people can submit an online application for the refund. It appears that the major goal of this endeavor is to make it easier for qualifying Sahara Group cooperative society members to receive their money back.
Sahara Refund Portal Online
Sahara Refund Portal Online: I appreciate you giving us more specific information regarding the opening of the Sahara Refund Portal. On July 18, 2023, it appears that Union Cooperative Minister Amit Shah will launch the platform with the intention of relieving the 10 crore Sahara depositors. The portal’s objective is to make it easier for depositors to receive their money back after their investment period with Sahara has ended.
Investors will be able to view all pertinent information about their refunds on the Sahara Refund Portal. It’s important to note that this campaign is a response to a Supreme Court ruling.
The Sahara Credit Cooperative Society Limited and other cooperative societies, as well as the Ministry of Cooperation, it appears, petitioned the Supreme Court on behalf of investors who had money placed through the Sahara Refund Portal. In response to this plea, the Supreme Court issued an order directing the payment of Rs 5,000 crore to the Central Registrar of Cooperative Societies (CRCS).
Sahara Refund Portal Online Highlights
| Attribute | Information |
|---|---|
| Industry | Conglomerate |
| Name | Sahara India Parivar |
| Founded In | 1978 (Gorakhpur, India) |
| Type | Private |
| Founder | Subrata Roy |
| Launch date | July 18, 2023 |
| Headquarters | Lucknow, Uttar Pradesh, India |
| Key people | Subrata Roy (Chairman) |
| Area served | Worldwide |
| Owner | Subrata Roy (100% ownership) |
| Divisions | 80 plus |
| Number of employees | 1.2 million (salaried, consultants, field workers, agents, and business associates) |
| Sahara Refund Portal | https://mocrefund.crcs.gov.in |
Mocrefund.Crcs.Gov.In Objectives Of The Sahara Refund Portal Online
Sahara Credit Cooperative Society Limited, Saharayn Universal Multipurpose Society Limited, Hamara India Credit Cooperative Society Limited, and Stars Multipurpose Cooperative Society Limited are the names of these cooperative societies. The government pledged on March 29 to pay back the 10 crore investors connected to these four cooperative societies within a nine-month period. The Central Registrar of Cooperative Societies (CRCS) has received instructions from the Supreme Court to transfer Rs 5,000 crore to the Sahara-SEBI reimbursement account. The Supreme Court ordered that Rs 5,000 crore be paid to CRCS after the Ministry of Cooperation petitioned it in an effort to aid investors in the cooperative societies owned by the Sahara Group.
How To Apply For Sahara Refund Portal?
- Mocrefund.crcs.gov.in is the Sahara Refund Portal’s URL.
- Register with your details.
- your email address is verified.
- Register with your account.
- Review the features and instructions for the portal.
- assemble the necessary paperwork for your refund request.
- Complete the online form to seek a refund.
- Upload the required paperwork.
- Check all of your information and paperwork again.
- Send in your refund application.
- You can follow refund requests on the website.
- Please submit any documents or information needed.
- Get updates on refund requests.
- After approval, adhere to the refund procedures on the portal.
How Will The Portal Work?
Your Aadhaar number will be linked to the operation of your bank account, mobile phone, and the CRCS-Sahara Refund Portal. You will also need to give receipt information. After completing a form, you can download it, add the necessary details, and then upload it again to the site. By doing this, the refund procedure will start.
Who Is Eligible To Claim Through The CRCS Sahara Refund Portal?
According to Union Minister Shah, the first dividend of up to Rs. 10,000 will be made to one crore investors who donated Rs. 10,000 or more through this platform. He claimed that once the Rs. 5,000 crore payment is made, the Supreme Court will be served with another petition seeking that the money be returned to the other investors.
How Long Will It Take To Get A Refund?
Sahara Refund Online: Mr. Shah claims that the funds will be paid into the claimant’s bank account within 45 days. If there was any doubt, the Home Minister advised using the digital services of the Common Services Centers (CSC).
What Will CRCS Sahara Refund Portal Do?
Sahara Refund Online: The CRCS-Sahara Refund Portal Online was created to protect the interests of cooperative members. The portal will assist in handling legitimate claims of depositors who had money invested in the Sahara Credit Cooperative Society Ltd, Saharayn Universal Multipurpose Society Ltd, Humara India Credit Cooperative Society Ltd, or the Stars Multipurpose Cooperative Society Ltd, as well as other cooperative societies owned by the Sahara Group.
Documents Required To Apply On The CRCS Sahara Refund Portal Online
- Deposit account number
- Mobile Number linked with Aadhaar (Mandatory)
- Membership number
- Certificate of Deposit/Passbook
- PAN Card (if the claim exceeds Rs.50,000)
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(FAQs)? Sahara Refund Portal Online
Is Sahara refunded?
SEBI has made refunds of Rs 138.07 crore to investors of two Sahara companies in 11 years, while the amount deposited in specially-opened bank accounts for the repayment has surged to more than Rs 25,000 crore. These disclosures have been made by the Securities and Exchange Board of India in its latest annual report.
How do I claim Sahara deposit from SEBI?
To register in the portal, you need Aadhaar linked mobile number, Aadhaar linked bank account. Other documents including your deposit number and details of your investment. If your claim deposit is above Rs 50,000, you will have to submit PAN.