How To Apply On CRCS-Sahara Portal To Get Sahara Refund?

Union Minister Amit Shah has launched the ‘CRCS-Sahara Refund Portal’ to facilitate the refund of money to depositors of four cooperative societies belonging to the Sahara Group.

The portal, developed by a subsidiary of IFCI, allows depositors to submit legitimate claims for refunds. Shah stated that depositors will receive their refunds within 45 days of registering on the portal.

The government aims to return the money to 10 crore investors within nine months. Initially, depositors will receive refunds of up to Rs 10,000, with the amount increasing for those who have invested more.

The corpus of Rs 5,000 crore will cater to the needs of 1.7 crore depositors in the first phase. The portal requires Aadhaar registration and linking with the bank account for the refund process.

How To Apply On CRCS To Get Sahara Refund?

To apply for a Sahara refund on the CRCS-Sahara Refund Portal, follow these steps:

1. Go to the CRCS Sahara Refund Portal website at https://mocrefund.crcs.gov.in.

2. Enter your 12-digit Membership Number, the last 4 digits of your Aadhaar Number, your 10-digit Aadhaar-linked Mobile Number, and the Captcha. Then click on “Get OTP.”

3. Enter the OTP (One-Time Password) that you receive on your registered mobile number.

4. Once logged in, give your consent as prompted by Aadhaar.

5. On the next page, accept the terms and conditions by clicking on “I agree.”

6. Enter your 12-digit Aadhaar Number and click on “Get OTP.”

7. Enter the OTP received on your registered mobile number and click on “Verify OTP.”

8. After verifying the OTP, your Aadhaar user details will be displayed.

9. Enter the details displayed on the Certificate of Deposit.

10. Click on “Submit Claim” to view all the details.

Additional Details For CRCS-Sahara Refund

• Ensure that all the claim details are entered correctly before preparing the claim request form, as it cannot be changed or added later.
• Affix your latest photograph and sign the claim form along with the photograph.
• Upload the claim form and a copy of your PAN card on the “Upload Document” screen. Note that the PAN card is mandatory if the claim amount is Rs 50,000 or more.
• Make sure to note down the claim request number for future reference.
  
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When Will You Get Refund Of Your Sahara Money?

The refund process will start with the first payment of up to Rs 10,000 for investors who had deposited Rs 10,000 or more. The money will be deposited into the bank accounts of the claimants within 45 days.

For more detailed information and frequently asked questions (FAQs) about the refund process, you can refer to the FAQ section provided on the Sahara Refund Portal.