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 Sahara Refund Portal, introduced by the Central Registrar of Cooperative Societies (CRCS), serves as a dedicated platform to facilitate refunds for investors linked to Sahara Group’s Cooperative Societies. The main goal behind this portal is to return approximately Rs. 5,000 crore to investors who have faced prolonged delays in getting their funds back.

On July 18, 2023, the Sahara Refund Portal was inaugurated in the esteemed presence of Hon’ble Union Minister for Home & Cooperation, Shri Amit Shah. Its user-friendly interface has been meticulously designed to offer a seamless and convenient experience for investors seeking to reclaim their investments.

On July 18, 2023, the Sahara Refund Portal was inaugurated in the esteemed presence of Hon’ble Union Minister for Home & Cooperation, Shri Amit Shah. Its user-friendly interface has been meticulously designed to offer a seamless and convenient experience for investors seeking to reclaim their investments.

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CRCS Sahara Refund Portal Registration

The Sahara Refund Portal offers a simple and uncomplicated registration process, administered by the Central Registrar of Cooperative Societies (CRCS), with the sole purpose of aiding investors associated with Sahara Group’s Cooperative Societies in obtaining their refunds. To register, investors need to provide key details like their Membership Number, the last 4 digits of their Aadhaar Number, and their Aadhaar-linked Mobile Number. To ensure security, the registration process also includes verification through OTP (One-Time Password).

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?

The CRCS Sahara Refund Portal presents an opportunity for eligible depositors 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., 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 : In Case When OTP Not Received

If users encounter difficulties receiving the OTP on the Sahara India Refund Portal while entering their Aadhaar number, it may be due to technical issues with the recently launched website. In such instances, it is recommended to remain patient and try the process again later. The developers are likely actively addressing the problem, and given some time, users should be able to receive the OTP and complete their registration on the portal smoothly and without any obstacles.

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