CRCS Sahara Refund Portal: Online Registration, Login & Apply Process

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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 SpecifiedAPPLICATION FEE• No Application Fee
WHO CAN APPLY?Eligible Depositor (legitimate depositors) DOCUMENTS TO BE REQUIREDMembership NumberDeposit Account NumberAadhaar linked Mobile Number (Mandatory)Deposit certificates / PassbookPAN card (if claim amount is Rs. 50,000/- and above) (Mandatory)

CRCS Sahara Refund Portal

September 27th, 2023 Update:

The inauguration of the Sahara Refund Portal took place on July 18, 2023, with the esteemed presence of Shri Amit Shah, the Honorable Union Minister for Home & Cooperation. This event represents a significant step towards returning investments to their rightful owners.

What sets the Sahara Refund Portal apart is its user-friendly interface, thoughtfully designed to ensure usability even for individuals with limited internet proficiency. Investors can now easily reclaim their investments through a straightforward process, enhancing the overall simplicity and convenience of the refund procedure.

The operation of the Sahara Refund Portal has rekindled the hopes of numerous investors who have been eagerly waiting for the return of their hard-earned funds. This achievement underscores the government’s unwavering commitment to addressing long-standing investment concerns and fostering a transparent and investor-friendly environment.

Beyond its role in providing financial relief to investors, the Sahara Refund Portal also contributes to bolstering confidence in the cooperative sector. As it continues to facilitate refunds, it stands poised to make a positive impact on the lives of many individuals and families, alleviating financial burdens and providing much-needed relief.

In conclusion, the Sahara Refund Portal stands as a testament to the government’s steadfast dedication to safeguarding investor interests and nurturing a robust cooperative ecosystem. Through this portal, the journey towards financial equity and empowerment for millions takes a significant leap forward.

Sahara Refund Portal:

The Central Registrar of Cooperative Societies (CRCS) has introduced the Sahara Refund Portal, a dedicated platform aimed at expediting refunds for investors associated with Sahara Group’s Cooperative Societies. The primary objective of this portal is to facilitate the return of approximately Rs. 5,000 crore to investors who have encountered significant delays in receiving their funds.

The inauguration of the Sahara Refund Portal took place on July 18, 2023, in the distinguished presence of Shri Amit Shah, the Honorable Union Minister for Home & Cooperation. The portal’s user-friendly interface has been thoughtfully crafted to provide a smooth and hassle-free experience for investors who wish to recover their investments.

CRCS Sahara Refund Portal Registration:

The Sahara Refund Portal has been established by the Central Registrar of Cooperative Societies (CRCS) to facilitate the refund process for investors affiliated with Sahara Group’s Cooperative Societies. The portal’s primary goal is to assist these investors in retrieving their refunds through a straightforward and uncomplicated registration process.

To initiate the registration, investors are required to furnish essential details such as their Membership Number, the last four digits of their Aadhaar Number, and the Aadhaar-linked Mobile Number. The registration procedure incorporates an additional layer of security by utilizing OTP (One-Time Password) verification.

To initiate the registration process, individuals can simply access the official registration page at https://mocrefund.crcs.gov.in/Depositor/Register. This user-friendly platform has been meticulously designed to ensure a smooth experience for the multitude of depositors endeavouring to reclaim their trapped investments. With just a few easy steps, investors can promptly complete the registration on the portal and embark on their journey to recover their refunds.

Eligibility Criteria for CRCS Sahara Refund Portal:

The genuine and legitimate Depositors of the following four Sahara Societies are eligible for a 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 provides a chance for qualified depositors hailing 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 initiate refund applications.

Eligibility Criteria for Filing a Claim:

Depositors must have made deposits and have outstanding dues receivable before the following dates for filing a claim request:

  • 22nd March 2022 for Humara India Credit Cooperative Society Limited, Kolkata; Sahara Credit Cooperative Society Limited, Lucknow; Saharayan Universal Multipurpose Society Limited, Bhopal.
  • 29th March 2023 for Stars Multipurpose Cooperative Society Limited, Hyderabad.

(For more detailed information, please refer to the User Manual and the Official Website).

Here’s a step-by-step guide for applying for a refund through the Sahara Refund Portal:

  1. Visit the official website at https://mocrefund.crcs.gov.in/Depositor/Login.
  2. Complete the registration process by providing your Aadhaar number, mobile number, and other necessary details.
  3. Verify your email address to ensure 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 make the application process smooth.
  6. Fill out the online refund request form with accurate and comprehensive information.
  7. Upload the required documents, ensuring they meet the specified size limits.
  8. Double-check all the information and documents for accuracy before submitting the refund request.
  9. Finally, submit your refund request through the portal.

Regarding the refund process and the amount, in the initial phase, the portal is set to distribute a total of Rs 5,000 crore among depositors. During this phase, each depositor can claim a maximum of Rs 10,000. The portal will start by refunding Rs 10,000 to investors as a trial run. Depending on the success of this trial, there may be a potential increase in the refund amount in the future.

Sahara Refund Portal: If you encounter difficulties receiving the OTP through the Sahara India Refund Portal while entering your Aadhaar number, this issue may be due to technical glitches in the newly launched website. In such cases, it’s advisable to be patient and try the process again later. The development team is actively addressing the issue, and over time, users should experience a smoother receipt of the OTP, allowing them to complete their registration on the portal without any hindrances.

Frequently Asked Questions about the CRCS Sahara Refund Portal:

Q1. What is the purpose of the CRCS Sahara Refund Portal?

A: The CRCS Sahara Refund Portal is an online platform created to facilitate the refund process for depositors associated with four Sahara Group Cooperative Societies. This initiative aligns with the directive issued by the Honorable Supreme Court on March 29, 2023.

Q2. Is the CRCS Sahara Refund Portal secure?

A: Yes, the CRCS Refund Portal is a secure online platform that utilizes an SSL Certificate to enhance security.

Q3. Who is eligible for refunds through the CRCS Sahara Refund Portal?

A: Depositors who are legitimate members of the following four Sahara Societies can initiate refund requests through the CRCS Sahara Refund Portal:

  1. Humara India Credit Cooperative Society Limited, Kolkata.
  2. Sahara Credit Cooperative Society Limited, Lucknow.
  3. Saharayan Universal Multipurpose Society Limited, Bhopal.
  4. Stars Multipurpose Cooperative Society Limited, Hyderabad.

Q4. What are the eligibility criteria for filing a claim on the CRCS Sahara Refund Portal?

A: Depositors can file claim requests if their deposits were made, and outstanding dues were accrued before the following dates:

  • March 22, 2022, for:
    • Humara India Credit Cooperative Society Limited, Kolkata.
    • Sahara Credit Cooperative Society Limited, Lucknow.
    • Saharayan Universal Multipurpose Society Limited, Bhopal.
  • March 29, 2023, for:
    • Stars Multipurpose Cooperative Society Limited, Hyderabad.

Q5. Are there any charges for submitting the Claim form?

A: No, the submission of the Claim form is free of charge.

Q6. What are the steps to register on the CRCS Sahara Refund Portal?

A: Step 1 – Depositor Registration:

  • Visit the Home Page of the CRCS Sahara Refund Portal and click on “Depositor Registration.”
  • Provide details like the last 4 digits of your Aadhaar Card and the mobile number linked with your Aadhaar on the Registration Page.
  • Click on “Get OTP” and enter the OTP received. Click “Verify OTP” to complete the mandatory registration process.

Step 2 – Depositor Login:

  • Visit the Home Page of the CRCS Sahara Refund Portal and click on “Depositor Login.”
  • Provide details like the last 4 digits of your Aadhaar Card and the mobile number linked with your Aadhaar on the Depositor Login Page.
  • Click on “Get OTP” and enter the OTP received. Click “Verify OTP” to log in.

Q7. What information does a Depositor need to provide with the Claim Request form/Application?

A: A Depositor should have the following details:

  • Membership number.
  • Deposit Account number.
  • Aadhaar-linked Mobile number (Mandatory).
  • Deposit certificates/Passbook.
  • PAN card (if the claim amount is Rs. 50,000 and above) (Mandatory).

Q8. Is a PAN number mandatory if the total claim amount is Rs. 50,000 and above?

A: Yes, a Depositor must provide PAN card details if the claim amount is equal to or exceeds Rs. 50,000, across all Sahara Societies.

Q9. What if I do not have a PAN card?

A: Yes, a Depositor must provide PAN card details if the claim amount equals or exceeds Rs. 50,000, across all Sahara Societies.

Q10. Is an Aadhaar linked Mobile Number and Bank Account mandatory?

A: Yes, a Depositor must provide PAN card details if the claim amount equals or exceeds Rs. 50,000, across all Sahara Societies.

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