Sahara Refund Portal 2024:- The Sahara Refund Portal was launched on July 18, 2023, by the Central Registrar of Cooperative Societies (CRCS), Ministry of Cooperatives, Government of India. Its primary goal is to distribute Rs 5000 crore to authorized members of Sahara Group’s cooperative societies. The portal, introduced by Hon’ble Union Minister for Home & Cooperation, Shri Amit Shah, allows eligible depositors to apply for refunds online through the official website mocrefund.crcs.gov.in. This initiative is a result of a Supreme Court ruling that enables Sahara depositors to easily reclaim their investments using the user-friendly Sahara Refund Portal.
The Sahara Refund Portal was introduced by the Central Registrar of Cooperative Societies (CRCS), Ministry of Cooperatives, Government of India, on July 18, 2023. Its aim is to distribute Rs 5000 crore to cooperative societies of the Sahara Group with authorized members. Hon’ble Union Minister for Home & Cooperation, Shri Amit Shah, introduced this portal, which accepts online applications from eligible individuals through its official website mocrefund.crcs.gov.in.
Sahara India Refund Portal 2024
- 1 Sahara India Refund Portal 2024
- 2 Sahara Refund Portal Launch Date
- 3 mocrefund.crcs.gov.in Objectives of the Sahara Refund Portal
- 4 Sahara Refund Portal Login
- 5 How To Apply Online On The Sahara Refund Portal?
- 6 How Is The Sahara Refund Portal Useful?
- 7 Sahara Refund Portal Form 2024
- 8 Conclusion
- 9 FAQ’S
- 9.1 What is the Sahara Refund Portal?
- 9.2 How can I access the Sahara Refund Portal?
- 9.3 What information do I need to provide when applying for a refund?
- 9.4 Why am I not receiving the OTP on my mobile number during the registration process?
- 9.5 How long does it take to receive a refund after applying through the Sahara Refund Portal?
The user-friendly Sahara Refund Portal, launched by Amit Shah on July 18, 2023, has brought excitement to nearly 10 crore individuals who had deposited their hard-earned money with Sahara. This portal offers a new hope with a 1000% guarantee for investors waiting to receive their money back. Created in response to the Supreme Court’s decision, the Sahara Refund Portal provides all necessary information regarding the refund process to Sahara investors.
On the portal, Union Cooperative Minister Amit Shah unveiled the platform on July 18, 2023. It facilitates the repayment to Sahara depositors whose investment time has expired. The launch of the Sahara Refund Portal was driven by the Supreme Court’s ruling.
Sahara Refund Portal Overview
|Sahara Refund Portal
|18th July 2023
|Total Refund Amount
|Hon’ble Union Minister for Home & Cooperation, Shri Amit Shah
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Sahara Refund Portal Launch Date
On July 18, 2023, the Sahara Refund Portal was launched to handle legitimate claims from depositors who invested their money in Sahara Group’s cooperative societies. This portal was introduced as a significant measure following a Supreme Court judgment that instructed the transfer of Rs. 5000 crore from the “Sahara-SEBI Refund Account” to CRCS (Central Registry of Cooperative Societies) for the distribution of dues to eligible depositors.
mocrefund.crcs.gov.in Objectives of the Sahara Refund Portal
Four cooperative societies of the Sahara Group are Sahara Credit Cooperative Society Limited, Saharayn Universal Multipurpose Society Limited, Hamara India Credit Cooperative Society Limited, and Stars Multipurpose Cooperative Society Limited. On March 29, the government made a promise to repay the 10 crore investors of these societies within nine months.
To support the investors, the Ministry of Cooperation petitioned the Supreme Court, which ordered Rs 5,000 crore from the Sahara-SEBI refund account to be paid to the Central Registrar of Cooperative Societies (CRCS). As a result of the Supreme Court’s order, CRCS is required to make the payment of Rs 5,000 crore.
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Sahara Refund Portal Login
The Sahara Refund Portal Login is available exclusively on the official website: mocrefund.crcs.gov.in. It provides an easy-to-use interface for eligible individuals to apply for their refunds effortlessly. To get started, depositors need to visit the website, log in following the portal’s instructions, and provide essential details like their Aadhaar number and mobile number.
By doing so, they can access the portal and easily submit their refund requests. The main goal of the portal is to simplify the refund process and offer a seamless and convenient experience for investors, ensuring they can claim their rightful dues without any hassle.
How To Apply Online On The Sahara Refund Portal?
- Visit the official website at https://mocrefund.crcs.gov.in/Depositor/Login.
- Use your mobile number, Aadhaar number, and other necessary information to register.
- Verify your email address so they can contact you later.
- For a simple application process, review the features and instructions of the portal.
- Complete the online refund request form by entering accurate details.
- Upload the required files, making sure they don’t exceed the permitted file sizes.
- Verify all the details and supporting documentation once more before submitting the refund request.
- Now click on SUBMIT to request a refund.
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How Is The Sahara Refund Portal Useful?
The Sahara Refund Portal now offers depositors a designated platform to submit their claims in a streamlined and transparent manner. This proactive step by the authorities addresses the legitimate grievances of investors in Sahara Group’s cooperative ventures, providing them with an efficient way to seek redressal for their financial transactions.
The Supreme Court’s directive to transfer funds from the “Sahara-SEBI Refund Account” to CRCS demonstrates the court’s commitment to ensuring depositors receive their rightful dues. By allocating funds to CRCS specifically for disbursement purposes, the court prioritizes the interests of affected depositors and holds those responsible for financial accountability.
Sahara Refund Portal Form 2024
The government’s commitment to protecting investor interests and promoting fairness in cooperatives is evident through the Ministry of Cooperation’s initiative to create the portal and the Supreme Court’s involvement in directing fund distribution.
The user-friendly Sahara India Refund Portal simplifies the application process for depositors. To claim their refunds, depositors need to register on the portal by providing essential details like their Aadhaar number, mobile phone, and preferred bank account for the refund transfer.
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- Deposit Account Number
- Mobile Number linked with Aadhaar (Mandatory)
- Membership Number
- Certificate of Deposit/Passbook
- PAN Card (if the claim amount exceeds Rs. 50,000)
Sahara India Refund Portal Not Working
As of the latest update, the Sahara Refund Portal is experiencing technical problems and is currently unavailable. Depositors attempting to use the portal to apply for their refunds may face difficulties. To stay inform about the situation and when the portal will be operational again, it’s best to monitor official announcements and updates from the Central Registrar of Cooperative Societies (CRCS) or the Ministry of Cooperatives.
Sahara Refund Portal OTP Not Received
When you enter your Aadhaar number and request an OTP on the Sahara India Refund Portal, you might not receive the OTP on your mobile number, which seems to be a common issue face by many users. This problem could be due to technical glitches on the recently launched portal. I recommend waiting for a while until the issue is resolve. After some time, you can try again, and hopefully, the problem will be fix by then.
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In conclusion, the Sahara Refund Portal has been establish to address the legitimate claims of depositors who invested in Sahara Group’s cooperative societies. The user-friendly platform aims to streamline the refund process and provide a convenient experience for investors to claim their rightful dues. The Supreme Court’s directive to transfer funds to CRCS for disbursement further emphasizes the court’s commitment to ensuring depositors receive their refunds.
However, as of the latest update, the portal is facing technical issues, and users may not receive OTPs on their mobile numbers. It is advisable to keep an eye on official announcements from CRCS or the Ministry of Cooperatives for updates on when the issue will be resolve and the portal will be functional again.
What is the Sahara Refund Portal?
The Sahara Refund Portal is an online platform establish to address the legitimate claims of depositors who invested in Sahara Group's cooperative societies. It provides a user-friendly interface for depositors to apply for their refunds in a streamline and transparent manner.
How can I access the Sahara Refund Portal?
To access the Sahara Refund Portal, visit the official website: mocrefund.crcs.gov.in. You will need to register and log in using your Aadhaar number and other require details to initiate the refund application process.
What information do I need to provide when applying for a refund?
When applying for a refund through the Sahara Refund Portal, you will be require to provide your Aadhaar number, mobile phone number, and bank account details where you want the refund money to be credit.
Why am I not receiving the OTP on my mobile number during the registration process?
If you are not receiving the OTP (One-Time Password) on your mobile number, it could be due to technical glitches on the portal. This issue might arise because the portal has recently been launch. We recommend waiting for a while and trying again later. The problem should be resolve by then.
How long does it take to receive a refund after applying through the Sahara Refund Portal?
The processing time for refunds may vary, and it depends on several factors. After submitting your application on the portal, the authorities will review your claim, and the time taken for disbursement may vary depending on the volume of applications and verification processes.
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