In a significant move towards providing relief to depositors, the Indian government has introduced the CRCS Sahara Refund Status Portal. This portal, developed and managed by the Central Registrar of Cooperative Societies (CRCS), a department of the Ministry of Cooperatives in India, aims to streamline the process of refunding funds to depositors of the Sahara Group’s cooperative societies.
On July 18, 2023, the Indian government announced the launch of the CRCS Sahara Refund Portal, which is expected to reimburse close to Rs. 5,000 crore to eligible depositors. This initiative is a testament to the government’s commitment to ensuring transparency and efficiency in the refund process.
How to Access the CRCS Sahara Refund Status Portal
Starting from the third week of September 2023, depositors can access the CRCS Sahara Refund Status Portal by visiting the official website, www.mocrefund.crcs.gov.in. This user-friendly portal allows depositors to check the status of their refund applications and provides a seamless experience for the refund process.
Eligibility and Application Process
To be eligible for a refund, depositors must complete the free registration process on the CRCS Sahara Refund Portal. Along with the registration, depositors need to submit the CRCS Sahara Refund Application Form, available on mocrefund.crcs.gov.in. It is essential to provide accurate information and ensure that their Aadhar Card is linked to their bank account and telephone number.
CRCS Sahara Refund Payment Release Date
After successful registration and verification, depositors can expect to receive a compensation of Rs. 10,000 within 45 days directly into their bank accounts through the CRCS Sahara Refund Scheme. The anticipated Sahara Refund Payment Release Date is set for the third week of September 2023.
Checking the Sahara Refund Status
To check the status of their refund, depositors can follow these simple steps:
- Visit the official website of the Sahara Refund Portal, www.mocrefund.crcs.gov.in.
- Log in using your registered credentials.
- Look for the “Check Refund Status” or a similar option.
- Enter your application/reference number.
- Submit the request.
- The portal will display your refund status, indicating whether it is approved, pending, or being processed.
CRCS Sahara Refund Time and Documents Required
The CRCS Sahara Refund Time is estimated to be 45 days in total. Within this period, depositors can expect the refund amount to be transferred directly to their bank accounts. To complete the refund process smoothly, depositors need to provide essential documents, including their Aadhar Card, PAN Card, mobile number, membership number, passbook, and account number.
Sahara Refund Beneficiary List 2023
According to Cooperation Minister Amit Shah, the CRCS Sahara Refund Portal is expected to benefit approximately one crore depositors initially. This includes around 1.78 crore small investors who had invested amounts ranging from 30,000 rupees.
The government’s commitment to returning the trapped funds to these individuals is commendable, considering the significant number of investors affected by the Sahara company’s situation.
FAQs:
Who is eligible for the Sahara refund?
Any individual who has invested in the Sahara Group’s cooperative societies and meets the necessary criteria is eligible for the refund.
How long does it take to receive the refund?
The CRCS Sahara Refund Time is estimated to be 45 days. Within this period, eligible depositors can expect to receive a compensation of Rs. 10,000 directly into their bank accounts through the CRCS Sahara Refund Scheme.
How can I check the Sahara Refund Status?
To check the status of your Sahara refund, visit the official Sahara Refund Portal at mocrefund.crcs.gov.in, log in using your registered credentials, and look for the “Check Refund Status” option. Enter your application/reference number and submit the request to view your refund status.