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The Central Registrar of Cooperative Societies (CRCS)-Sahara Refund Portal was launched on July 18, 2023. This is an online portal to process refunds of four Sahara Group Co-operative Societies depositors.

As of now, not all investors are eligible to claim for a refund through this website.

According to Amit Shah, the Union Home Minister and Minister of Cooperation, the first payment of up to Rs 10,000 would be made through this portal to one crore investors who have deposited Rs 10,000 or more.

Only claims submitted online through this site will be considered for a refund. Do note that there will be no charge for filing a claim.

Also Read: Sahara Refund Portal: Step-by-step guide for Sahara group depositors to claim refund

The genuine and legitimate depositors of the following four Sahara Societies are eligible for a refund through the CRCS Sahara Refund Portal:
a. Humara India Credit Cooperative Society Limited, Kolkata.
b. Sahara Credit Cooperative Society Limited, Lucknow.
c. Saharayan Universal Multipurpose Society Limited, Bhopal.
d. Stars Multipurpose Cooperative Society Limited, Hyderabad.

What are the eligibility criteria for filing a claim on the CRCS Sahara Refund Portal?

For filing a claim request, the depositors must have made deposits and have outstanding dues receivable before the following dates:
March 22, 2022, for
a. Humara India Credit Cooperative Society Limited, Kolkata.
b. Sahara Credit Cooperative Society Limited, Lucknow.
c. Saharayan Universal Multipurpose Society Limited, Bhopal.
March 29, 2023, for:
a. Stars Multipurpose Cooperative Society Limited, Hyderabad.To confirm their identity, depositors will be verified using their Aadhaar card. The Sahara Societies will verify their claims and uploaded documents. The payment to genuine depositors will be credited to their bank account within 45 days of filing their online claims, subject to fund availability, and they will be notified of the status via SMS, portal, according to the FAQs on the Sahara refund portal.

Also Read: CRCS-Sahara Refund Portal: Link to claim refund, who is eligible, how to claim

What details does a depositor need to provide with the claim request form?

To claim a refund, the depositor should have the following documents:
· Membership no.
· Deposit Account No.
· Aadhaar linked Mobile no. (mandatory)
· Deposit certificates/ Passbook
· PAN card (if the claim amount is Rs 50,000 and above)Also, without Aadhaar seeded bank account depositors cannot file a Claim.
The claimed amount will be credited immediately to the depositor’s Aadhaar-seeded bank account 45 days following the successful claim submission.

How eligible investor claim for refund

Visit the CRCS Sahara Refund Portal’s home page and select “Depositor Login” after registering. On the “Depositor Login” page, enter the last four digits of your Aadhaar card and the mobile number linked to your Aadhaar. Enter the OTP after selecting “Get OTP” on the page. To log in, click “Verify OTP”.

  • Published On Nov 15, 2023 at 01:44 PM IST

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