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CRCS Sahara Refund Portal: Guide to Claiming Refunds

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  • Post published:November 19, 2023
  • Post category:General

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Sahara Refund Claim

In a significant move towards financial transparency and depositor welfare, the Union Home Minister and Minister of Cooperation, Amit Shah, launched the Central Registrar of Cooperative Societies (CRCS)-Sahara Refund Portal on July 18, 2023. This portal aims to facilitate the seamless refund process for depositors associated with four Sahara Societies. This article presents a detailed, step-by-step guide for depositors to successfully claim their refunds through the CRCS Sahara Refund Portal.

Who Qualifies for Sahara Refund?

The CRCS Sahara Refund Portal targets genuine and legitimate depositors from the following four Sahara Societies: a. Humara India Credit Cooperative Society Limited, Kolkata. b. Sahara Credit Cooperative Society Limited, Lucknow. c. Saharayan Universal Multipurpose Society Limited, Bhopal. d. Stars Multipurpose Cooperative Society Limited, Hyderabad.

First Payout and Documentation:

Amit Shah announced that the initial payments, up to Rs10,000, would be prioritized for the first 1 crore investors who have deposited Rs 10,000 or more. To initiate the refund process, depositors must attach the following documents: a. Deposit certificate/ Passbook b. Claim Request Form c. PAN Card (if the claim amount is Rs. 50,000/- and above), Aadhaar-seeded Bank account, membership number, and Aadhaar-linked Mobile number are mandatory.

Sahara Refund Portal Registration Process:

To register on the Sahara Refund Portal, depositors need to follow these steps:

Step 1: Visit the CRCS Refund Portal website – https://mocrefund.crcs.gov.in

Step 2: Click on “Depositor Registration,” enter your 12-digit Membership Number, the last 4 digits of your Aadhaar Number, your 10-digit Aadhaar linked Mobile Number, and a captcha. Press “Get OTP.”

Step 3: Enter the OTP received on the Aadhaar linked Mobile Number to complete the registration process.

Sahara Refund Claiming Process:

The claiming process involves several steps for a successful refund:

Step 1: Log in with the last four digits of the Aadhaar number, Aadhaar-linked mobile number, and captcha. Click “Get OTP.”

Step 2: Enter the OTP received on the Aadhaar linked Mobile Number.

Step 3: Accept terms and conditions, enter a 12-digit Aadhaar number, and click “Get OTP” on the Personal Details Screen. Enter OTP and press “Verify OTP.”

Step 4: Enter additional details and click on “Add Claim.” Depositors can add multiple Claim Details.

Step 5: Generate a Prefilled Claim Request Form, affix a recent photograph, and sign across the photo and form.

Step 6: Upload the Claim Form and a copy of the PAN Card to the “Upload Documents” screen.

Step 7: A thank-you page with a Claim Request Number will be displayed for future reference.

Conclusion

The CRCS Sahara Refund Portal represents a significant step towards enhancing transparency and efficiency in the refund process for Sahara depositors. By following this comprehensive guide, depositors can navigate the portal seamlessly and confidently to claim their refunds, ensuring a smoother financial recovery process.

FAQs

Q: How can depositors verify and submit their claimed data on the CRCS Sahara Refund Portal?

A: After confirming the data, depositors should download, print, sign, and attach a photo to the Claim Form. Then, scan, upload, and submit the form through the portal.

Q: How will depositors be notified about the approval status of their refund claim?

A: Depositors will receive notifications via SMS/Email informing them of the status of their refund claim after the submitted data has been validated.

Q: When can depositors expect to receive the refunded amount in their bank account?

A: The refunded amount will be directly credited to the depositor’s Aadhaar-seeded bank account approximately 45 days after the successful submission of the claim.

Sumitha

I'm a professional content creator passionate about writing. My articles span law, business, finance, investments, and government schemes, always simplifying complex topics. Exploring and embracing novelty are my off-duty joys.