Sahara Money Refund Portal 2023:- The Sahara Refund Portal, launched by the Central Registration of Cooperative Societies (CRCS) under the Ministry of Cooperatives, Government of India, represents a major milestone in the online Sahara refund process. Aimed at providing relief to approximately 10 crore members of the Sahara Group, this portal has been meticulously designed to expedite the refund of approximately Rs. 5,000 crore to individuals whose investments have been stuck for a considerable period. For more information, applicants can visit the Sahara refund portal date and access the Sahara refund application form at www.sebi.gov.in under Sahara India.
On July 18, 2023, the Sahara Refund Portal was officially inaugurated by the respected Union Minister for Home & Cooperation, Shri Amit Shah. The portal has a user-friendly interface, making it easy for those with limited internet knowledge to reclaim their investments. This launch provides hope and relief to the affected members by offering them a viable solution to access their funds.
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Sahara Refund Portal
The sahara serves as a platform initiated by the Central Registrar of Cooperative Societies (CRCS) to streamline the refund process for investors in Sahara Group’s Cooperative Societies. Its primary goal is to facilitate the return of approximately Rs. 5,000 crore to individuals whose investments have been stuck for a significant period. Hon’ble Union Minister for Home & Cooperation, Shri Amit Shah, inaugurated the Sahara refund portal date on July 18, 2023. With its user-friendly interface, the aims to offer a seamless experience for investors to reclaim their investments. The creation of this portal was in response to the Supreme Court’s directive to ensure transparency and provide a 100% guarantee for investors to retrieve their funds.
Key Highlights Of The Sahara Refund Portal
Portal Name | Sahara Refund Portal |
Sahara refund portal date | 18th July 2023 |
Total Refund Amount | 5000 Crore |
Initiative By | Hon’ble Union Minister for Home & Cooperation, Shri Amit Shah |
Maximum Refund Amount | Up to ₹10,000 |
Official Website | https://mocrefund.crcs.gov.in |
What Is The Sahara Refund Portal?
The introduction of this new portal has provided investors with a simple and transparent platform to submit their claims and seek reimbursement for their invested funds. The Ministry of Cooperation takes an active role in overseeing the entire process, ensuring that each claim is thoroughly reviewed, and eligible investors receive the refunds they rightfully deserve. This initiative is aimed at streamlining the refund process and instilling confidence in investors that their claims are being handled with utmost care and diligence. For more information, applicants can visit the Sahara refund portal date and access the Sahara refund application form at www.sebi.gov.in under Sahara India.
How Much Can You Claim From Sahara Refund Portal?
The refund amount you can claim from the Sahara Refund Portal is determined by your investment details with Sahara Group’s Cooperative Societies. Eligible investors who had deposited ₹10,000 or more may receive a first payment of up to ₹10,000 www.sebi.gov.in Sahara India. The total allocated refund amount is ₹5,000 crore. Those with outstanding dues before March 22, 2022, from Humara India Credit Cooperative Society Limited, Sahara Credit Cooperative Society Limited, and Saharayan Universal Multipurpose Society Limited are eligible for a refund. Additionally, depositors of Stars Multipurpose Cooperative Society Limited with outstanding dues before March 29, 2023, are also eligible for a refund.
Sahara Refund Portal Total Money Amount
The establishment of the Sahara Refund Portal is a direct result of a directive from the Supreme Court, which has played a crucial role in ensuring justice for the affected investors. The Supreme Court has ordered the Sahara Credit Cooperative Society Limited (CRCS) to allocate a substantial amount of Rs 5,000 crore specifically for the purpose of refunding these claims. This decisive action by the Supreme Court underscores its dedication to resolving the matter and providing relief to the investors who have been affected by the situation. For more information, please refer to the Sahara refund application form at www.sebi.gov.in under Sahara India.
CRCS Sahara india Refund Portal Registration
Registering on the Sahara Refund Portal is a simple and hassle-free process, initiated by the Central Registrar of Cooperative Societies (CRCS). Investors of Sahara Group’s Cooperative Societies can easily register on the portal to claim their refunds. The registration requires providing essential details such as Membership Number, the last 4 digits of their Aadhaar Number, and the Aadhaar-linked Mobile Number Sahara refund application form. Verification is completed through OTP to ensure the security of the registration process and www.sebi.gov.in .
To begin the registration process, interested investors can 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 for millions of depositors seeking to reclaim their trapped investments. The straightforward registration process aims to simplify the refund process and enable eligible investors to access their funds with ease.
Eligibility Criteria For Sahara Refund Portal
Depositors who have invested in Sahara Credit Cooperative Society Limited, Saharayan Universal Multipurpose Society Limited, and Hamara India Credit Cooperative Society Limited before March 22, 2022, are eligible for a refund at www.sebi.gov.in Sahara India.
Similarly, depositors who have invested in Stars Multipurpose Cooperative Society Limited before March 29, 2023, are also eligible for a refund.
Important Documents For Sahara Refund Portal 2023
- Membership Number
- Deposited Account Number
- Aadhaar linked with an active mobile number
- Certificate/Passbook details of the deposit
- PAN card (for claim amounts of Rs 50,000 and above)
Steps To How To Apply For Sahara Refund Portal 2023
To initiate a refund application on the Sahara india Refund Portal, follow these step-by-step instructions:
- Go to the official website: Visit https://mocrefund.crcs.gov.in/Depositor/Register.
- On the Depositor Registration page, enter the last 4 digits of your Aadhaar Number, your 10-digit Aadhaar-linked Mobile Number, and the provided captcha.
- Click on “Submit” to proceed.
- On the Depositor Login page of the CRCS Portal, re-enter the last 4 digits of your Aadhaar Number and the 10-digit Aadhaar-linked Mobile Number.
- Click “Six-digit Get OTP” to receive a One-Time Password (OTP) on your registered mobile number.
- Enter the SIX Digit OTP received and click on “Verify OTP to Enter” to log in.
- Give consent and agree to the terms and conditions by clicking on “I Agree.”
- On the Personal Details screen, provide your 12-digit Aadhaar Number and click on “Get OTP” to verify your details.
- The Aadhaar user’s details, including first name, middle name, last name, date of birth (DOB), and Father/Husband name, will be displayed.
- Optionally, you can provide your Email ID.
- Provide the details of the Certificate of Deposit.
- Click on “Submit Claim” to proceed.
- Fill in your refund claim details accurately, as corrections may not be possible later.
- Attach a photograph as proof.
If Sahara Refund Portal OTP Not Received
If users are experiencing difficulties in receiving the OTP on the Sahara India Refund Portal while entering their Aadhaar number, it could be due to technical glitches on the recently launched website. In such cases, it is advised to remain patient and try the process again later. It is likely that the developers are actively working to resolve the issue, and with time, users should be able to receive the OTP and complete their registration on the portal seamlessly. Patience and persistence will ensure a smoother experience as the technical issues www.sebi.gov.in addressed and resolved.
When OTP Is Not Received On The Registered Mobile Number
During the registration process on the if an OTP (One-Time Password) is not received on the registered mobile number, there could be several reasons for this occurrence. Here are some common reasons to consider:
- Network Issues: Temporary network problems may hinder the delivery of the OTP to your mobile number.
- Incorrect Mobile Number: Double-check that you have entered the correct 10-digit Aadhaar-linked mobile number during the registration process.
- Mobile Network Restrictions: Certain mobile network providers might have filters or restrictions that block specific OTP messages.refund portal Registration
- Delay in Delivery: Network congestion or technical issues may cause a delay in receiving the OTP in some instances.
- Full Inbox: If your mobile inbox is full, the OTP message may fail to be delivered. Make space in your inbox and try again.
- Spam/Blocked Messages: Verify if the OTP message is mistakenly sent to the spam folder or if your mobile provider has blocked such messages.
By considering these factors, users can troubleshoot and identify the reasons for not receiving the OTP, allowing them to resolve the issue and proceed with their registration on the portal successfully.
How Is The Sahara Refund Portal 2023 Useful?
The introduction of offers depositors a dedicated platform to submit their claims efficiently and transparently. This proactive initiative by the authorities aims to address the genuine grievances of investors who had invested in Sahara Group’s cooperative ventures. It provides them with an efficient and streamlined means to seek redressal for their financial transactions. The establishment of this portal reflects the commitment to ensuring a fair and accessible process for investors to reclaim their funds, fostering trust and confidence in the cooperative system.
The Supreme Court’s directive to transfer funds from the “Sahara-SEBI Refund Account” to CRCS highlights the court’s dedication to ensuring that depositors receive their rightful dues. By allocating funds to CRCS exclusively for disbursement purposes, the court reaffirms its commitment to prioritizing the interests of the affected depositors and holding those responsible for financial accountability. This move emphasizes the court’s unwavering stance in ensuring a fair and just resolution for the investors, aiming to restore their trust and confidence in the financial system.
FAQ Questions Related Sahara Refund Portal 2023
To proceed with your registration on the Sahara Refund Portal, follow these steps:
Go to the official website of the Sahara Refund Portal at https://mocrefund.crcs.gov.in/Depositor/Register.and www.sebi.gov.in
On the Depositor Registration page, enter the last 4 digits of your Aadhaar Number, your 10-digit Aadhaar-linked Mobile Number, and the provided captcha.refund portal Registration
Click on “Submit” to continue with the www.sebi.gov.in registration process
Recovery and Refund department (RRD)
Complaint Registration.
1800 266 7575.www.sebi.gov.in
Sahara refund portal date
Customer Support: 1800 180 9000.
Email ID: [email protected].
Visit the nearest Sahara India Life Insurance branch.