Sahara India Refund Portal🌐: Get Your Money Back Now

 The Sahara Refund Portal, launched by the Central Registrar of Cooperative Societies (CRCS) under the Ministry of Cooperatives, Government of India, represents a noteworthy milestone in the realm of online Sahara refunds. With the aim of providing relief to approximately 100 million members of the Sahara Group, this portal has been meticulously developed to streamline the process of refunding approximately Rs. 5,000 crore to individuals whose investments have remained inaccessible for an extended period. For further information and to access the Sahara refund application form, please visit www.sebi.gov.in, the official website of Sahara India.

The esteemed Union Minister for Home & Cooperation, Shri Amit Shah, ceremoniously unveiled the Sahara Refund Portal on July 18, 2023. Designed with a user-friendly interface, the portal ensures that even individuals with limited internet proficiency can effortlessly reclaim their investments. This inauguration not only instills hope but also offers a tangible solution to the affected members, enabling them to gain access to their funds.

About Sahara Refund Portal

Introducing the Sahara Refund Portal: Reclaim Your Investments Online

The Central Registrar of Cooperative Societies (CRCS) presents the Sahara Refund Portal, a dedicated platform meticulously designed to expedite refunds for investors affiliated with Sahara Group’s Cooperative Societies. The central aim of this groundbreaking initiative is to facilitate the return of approximately Rs. 5,000 crores to investors whose funds have been entangled in a prolonged waiting period within the Sahara refund framework.

Honoring his commitment, the esteemed Union Minister for Home & Cooperation, Mr. Amit Shah, inaugurated the Sahara Refund Portal on the distinguished date of July 18, 2023. Carefully curated for user convenience, this portal boasts an intuitive interface that guarantees a seamless and hassle-free process for individuals seeking to recover their invested funds.

The genesis of the Sahara Money Refund Portal was inspired by the directive of the Supreme Court, seeking to ensure utmost transparency and providing an unequivocal assurance to investors for the prompt retrieval of their funds. Available at the web address www.sebi.gov.in, this portal stands as a beacon of hope for those who have patiently awaited the return of their investments, serving to restore and bolster their confidence in the cooperative societies.

Experience the empowerment of online investment reclamation through the Sahara Refund Portal - a testament to transparency, accountability, and the unwavering commitment to investor trust.

Official Website

https://mocrefund.crcs.gov.in www.sebi.gov.in sahara india

What Is The Sahara Refund Portal?

Empowering Investors: A Transparent Path to Reclaim Investments

With the unveiling of this innovative portal, investors now have a clear and transparent avenue to lodge their claims and pursue reimbursement for their invested capital. The Ministry of Cooperation oversees the entire process, meticulously scrutinizing each claim to ensure that eligible investors receive the rightful refunds they deserve. Sahara refund portal date Sahara refund online Sahara refund application form www.sebi.gov.in Sahara India. This pioneering effort is geared towards streamlining the refund process, instilling investor confidence by handling claims with meticulous care and unwavering diligence.

The inauguration of the Sahara Refund Portal, coupled with the allocation of funds by CRCS to facilitate the refund procedure, eloquently underscores the government's steadfast dedication to safeguarding investors' rights. This commitment is underscored by the steadfast promotion of accountability and transparency within the cooperative sector through the Sahara refund application form. By enacting this program, the authorities send a resolute message against financial malfeasance while bolstering faith in the cooperative framework Sahara refund online. This initiative serves as a testament to the government's proactive stance in upholding investors' interests and cultivating an equitable and secure investment milieu.

How Much Can You Claim From Sahara Refund Portal?

The amount you can claim from the Sahara Refund Portal is determined by your investment details with Sahara Group’s Cooperative Societies. Eligible investors who have 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. Stars Multipurpose Cooperative Society Limited depositors with outstanding dues before March 29, 2023, are also eligible for a refund.

Sahara Refund Portal Total Money  Amount

The creation of the Sahara Refund Portal is a direct outcome of a directive issued by the Supreme Court, which has played a pivotal role in ensuring justice for the affected investors. Sahara refund application form www.sebi.gov.in Sahara India. The Supreme Court has ordered the Sahara Credit Cooperative Society Limited (CRCS) to allocate a significant amount of Rs 5,000 crore specifically to refund these claims. This decisive action by the Supreme Court emphasizes its commitment to resolving the matter and providing relief to the investors impacted by the situation.

CRCS Sahara 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 essential details such as Membership Number, the last four 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.

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 simplifies the refund process and enables eligible investors to access their funds easily.

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

• 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

To initiate a refund application on the Sahara Refund Portal, follow these step-by-step instructions:

• Go to the official Sahara Refund Portal 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 continue the process. Likely, the developers are actively working to resolve the issue. 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 are addressed and resolved.

When OTP Is Not Received On The Registered Mobile Number

During the registration process on the Sahara Refund Portal, 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 registration.
• Mobile Network Restrictions: Certain mobile network providers might have filters or restrictions that block specific OTP messages.
• 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.

Sahara refund online: By considering these factors, users can troubleshoot and identify the reasons for not receiving the OTP. This allows them to resolve the issue and successfully proceed with their portal registration.

How Is The Sahara Refund Portal Useful?

Introducing the Sahara Refund Portal 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 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.

sahara refund form The Supreme Court’s directive to transfer funds from the “Sahara-SEBI Refund Account” to CRCS highlights its dedication to ensuring 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.

Frequently Asked Questions about the Sahara Refund Portal

How can I retrieve my funds from Sahara?

To initiate the refund process on the Sahara Refund Portal, please follow these steps:

Visit the official Sahara Refund Portal website: https://mocrefund.crcs.gov.in/Depositor/Register.

On the Depositor Registration page, provide the last four digits of your Aadhaar Number, your ten-digit Aadhaar-linked Mobile Number, and complete the captcha.

Click the "Submit" button to proceed with the registration process.

Has the Sahara refund portal been launched?

The 'CRCS-Sahara Refund Portal' was inaugurated by Cooperation Minister Amit Shah on July 18. This portal has been introduced to expedite the refund process for investors with funds stuck in four cooperative societies associated with the Sahara Group.

Is Sahara planning to return money in 2023?

As per the Supreme Court's directive on March 29, 2023, a transfer of Rs. 5,000 crore from the 'Sahara-Sebi Refund Account' to the CRCS was mandated. This allocation aims to facilitate the rightful disbursement of dues to legitimate depositors associated with Sahara's cooperative societies. The court's instruction ensures that valid funds are appropriately allocated, addressing depositors' rightful concerns and striving for financial resolution.

What should I do if my money is not refunded?

If you find yourself in a situation where your money has not been refunded, you have legal options:

In civil law, you can file a case before a consumer forum to seek a refund of your money, along with damages and compensation.

Alternatively, in criminal law, you can file a complaint under section 420 of the Indian Penal Code (IPC) with your local police.