Sahara Refund, In recent years, the Sahara group of companies has faced significant scrutiny due to its financial dealings and the issues faced by its investors. Following numerous legal battles and directives from the Hon’ble Supreme Court of India, a structured process has been put in place to facilitate the refund of the deposited money to affected depositors. The Sahara Refund Portal, launched on July 18, 2023, stands as a testament to these efforts. This article provides a detailed overview of the Sahara Refund Portal, including its purpose, the registration process, eligibility criteria, and step-by-step instructions for claiming your refund.
Table of Contents
Background of Sahara Refund Portal
The Sahara group, comprising several cooperative societies and financial entities, faced allegations of non-payment of deposited funds. In response to these issues, and under the directives of the Hon’ble Supreme Court, the Government of India established the Sahara Refund Portal. This initiative is designed to streamline the refund process for depositors who have been waiting for their money.
The Sahara Refund Portal is a digital platform created to facilitate the refund process for depositors who had invested their money in various Sahara schemes but had not received their refunds. This portal is a significant step towards ensuring transparency and efficiency in the refund process.
Key Features of Sahara Refund Portal
- Launch Date: The Sahara Refund Portal was officially launched on July 18, 2023.
- Objective: To provide a streamlined process for the refund of deposited money to eligible depositors.
- Portal Management: The portal has been developed and managed under the directives of the Government of India, specifically following the orders from the Hon’ble Supreme Court.
Important Dates
- Application Begin Date: July 18, 2023
- Last Date for Apply Online: The application period does not have a specified end date, indicating that the portal will remain active for an indefinite period to accommodate all eligible claimants.
Application Fee
The Sahara Refund Portal is designed to be user-friendly and accessible. As such, there are no application fees for any category of applicants:
- General / OBC / EWS: ₹0/-
- SC / ST: ₹0/-
This fee waiver ensures that the refund process is free of financial barriers for all eligible depositors.
Eligibility Criteria
The Sahara Refund Portal is intended for citizens who:
- Had deposited money into any Sahara scheme.
- Have not yet received their refund.
If you meet these criteria, you are eligible to fill out the online claim form through the portal. It is important to ensure that all the information you provide is accurate and complete to facilitate a smooth refund process.
How the Refund Process Works
- Initiation by Hon’ble Home Minister: The portal was officially inaugurated by Shri Amit Shah, the Honorable Home Minister of India, on July 18, 2023.
- Processing Time: Once you apply online, your deposited money is expected to be refunded within 45 days.
- Application Status: Applicants will receive updates on their application status through SMS and can also check their status on the Sahara Refund Portal website.
Sahara Credit Cooperative Societies Covered
The refund process is applicable to deposits made in the following cooperative societies:
- Sahara Credit Cooperative Society Limited, Lucknow
- Saharayan Universal Multipurpose Society Limited, Bhopal
- Humara India Credit Cooperative Society Limited, Kolkata
- Stars Multipurpose Cooperative Society Limited, Hyderabad
These societies are part of the Sahara group, and the portal aims to address refunds for all these entities.
Step-by-Step Guide to Filling the Sahara Refund Portal Online Claim Form
To help you navigate the Sahara Refund Portal, here is a detailed step-by-step guide:
Step 1: Access the Portal
- Website: Open the official Sahara Refund Portal website at mocrefund.crcs.gov.in. This is the primary platform for all refund-related activities.
Step 2: Depositor Registration
- Action: Click on the “Depositor Registration” option.
- Required Information: Enter the last 4 digits of your Aadhaar card along with your mobile number.
- Purpose: This step registers you as a depositor and sets up your account on the portal.
Step 3: Depositor Login
- Action: Click on “Depositor Login”.
- Required Information: Provide the last 4 digits of your Aadhaar and the registered mobile number.
- Verification: Complete the OTP verification process to ensure the security of your account.
Step 4: Fill Personal Information
- Details Required: Enter personal information including your name, date of birth, father’s name, etc.
- Purpose: This information helps verify your identity and match your records with the deposited funds.
Step 5: Update Deposit Details
- Action: Provide details of your deposited money and upload any required documents.
- Documents: This may include proof of deposit, identification documents, and any other relevant paperwork.
Step 6: Submit and Download Form
- Action: After updating all details, submit the information.
- Form Download: A form will be generated that you need to print.
- Upload: Upload the printed form along with your photo, signature, and any additional required information.
Additional Resources
For more detailed guidance, it is advisable to read the Sahara Refund Portal User Manual 2023. This manual provides comprehensive instructions and addresses common queries related to the refund process.
Benefits of Using the Sahara Refund Portal
The Sahara Refund Portal offers several benefits:
- Transparency: The online system ensures transparency in the refund process, allowing depositors to track their claims.
- Efficiency: The digital platform speeds up the process, with refunds expected within 45 days of application.
- Accessibility: With no application fees and an easy-to-use interface, the portal is accessible to all eligible depositors.
| Some Useful Important Links | |||
| Apply Online | Registration | Login | ||
| Download User Manual | Click Here | ||
| Download SCI Order | Click Here | ||
| Official Website | Click Here | ||
Conclusion
The Sahara Refund Portal represents a significant step towards resolving the financial issues faced by depositors of Sahara schemes. By providing a structured and transparent process for refunds, the portal addresses the long-standing concerns of many individuals who had invested their money in Sahara’s various schemes. If you are an eligible depositor, following the steps outlined above will help ensure that you receive your due refund in a timely manner.
For further assistance, please refer to the Sahara Refund Portal User Manual or contact the portal’s helpdesk for support. The successful implementation of this portal underscores the Government of India’s commitment to ensuring justice and financial redress for its citizens.
