Apply Sahara Credit Cooperative Society Refund Portal Online 2024
- In Short
- Apply Sahara Credit Refund Portal: A Guide to Claiming Your Deposits
- Who Will Benefit in Apply Sahara Credit
- How to Claim Refund Online
- Claim Processing Time in Sahara Refund
- Initial Phase Disbursement Sahara Refund
- Future Measures on Sahara Refund
- What is CRCS Sahara Refund Portal?
- Is the CRCS Sahara Refund Portal secured?
- Who are eligible for refund through the CRCS Sahara Refund Portal?
- What is the eligibility criteria for filing a claim on the CRCS Sahara Refund Portal?
- Are there any applicable charges for filing the Claim form?
- What are the steps to register on the CRCS Sahara Refund Portal?
- What details does a Depositor need to provide with the Claim Request form/Application?
- Is PAN number mandatory if the total claim amount is Rs. 50,000 and above?
- What if I do not have a PAN card?
- Are Aadhaar linked Mobile No. and Bank Account mandatory?
- What documents have to be attached to submit the Claim?
- Can Depositor upload documents in any file format?
- Does Depositor need to provide details of all deposits in a single claim form?
- What should a Depositor do if he/she has multiple deposit accounts?
- Will the documents submitted by the Depositor be verified?
- Can Depositor add more claims after submitting the Claim Form?
- What should Depositor do after verifying the claimed data?
- How long will it take for the Sahara Societies to verify the claim?
- Who will process Depositor’s claim after verification by the Sahara Societies?
- How will Depositor receive the refund/claimed amount?
- Whom should Depositor contact for assistance during the claim filing process?
- Conclusion on CRCS-Sahara Refund Portal
In Short
- Central government introduces CRCS-Sahara Refund Portal to aid depositors.
- Portal’s primary goal is to assist over 10 crore depositors of Sahara Group.
- Verification process for claim applications is completed within 30 days.
- Depositors receive notification of their claim status within 15 days.
Apply Sahara Credit Refund Portal: A Guide to Claiming Your Deposits
In an effort to provide financial relief to genuine depositors of Sahara Group’s cooperative societies, the Central Government has introduced the CRCS-Sahara Refund Portal. Launched with the aim of assisting over 10 crore depositors, this portal serves as a platform for the submission of legitimate claims and recovery of money.
During the portal’s launch, Union Minister Amit Shah expressed the significance of this initiative, emphasizing that it would facilitate the process of returning money to depositors that was previously stuck in four cooperative societies of Sahara Group.
The Ministry of Cooperation further reiterated the portal’s purpose, stating that it has been specially developed for the submission of legitimate claims from genuine depositors of Sahara Group’s cooperative societies, including Sahara Credit Cooperative Society Ltd, Saharayan Universal Multipurpose Society Ltd, Humara India Credit Cooperative Society Ltd, & Stars Multipurpose Cooperative Society Ltd.
The central government has launched the Sahara Refund Portal to help over 10 crore depositors of Sahara Group’s cooperative societies retrieve their money. If you are one of these depositors, here’s all you need to know about claiming your refunds through this portal.
Who Will Benefit in Apply Sahara Credit
The plan aims to return money to 10 crore depositors of Sahara Credit Cooperative Society Ltd, Saharayan Universal Multipurpose Society Ltd, Humara India Credit Cooperative Society Ltd, and Stars Multipurpose Cooperative Society Ltd within nine months. This directive followed a Supreme Court order, transferring Rs 5,000 crore from the Sahara-Sebi refund account to the Central Registrar of Cooperative Societies (CRCS).
How to Claim Refund Online
The Sahara Refund Portal can be accessed through the Ministry of Cooperation’s website (https://cooperation.gov.in). Genuine depositors from the mentioned cooperative societies can log in and complete the online application form. Ensure all necessary documents are uploaded and have an Aadhaar-linked mobile number and bank account for claim processing.
Claim Processing Time in Sahara Refund
Depositors will receive notification of their claim status within 15 days after verification either through a text message or on the portal. The entire claim processing is expected to take around 45 days. All claims related to the four societies must be submitted in a single application form.
Initial Phase Disbursement Sahara Refund
In the initial phase, a total of Rs 5,000 crore will be disbursed through the portal to genuine depositors. Each depositor will receive Rs 10,000 in the first phase. If successful, the refund amount will be increased and Credited into the Accounts.
Future Measures on Sahara Refund
Approximately 4 crore depositors are eligible to receive up to Rs 10,000. If successful, further measures will be taken to address the claims of depositors with higher amounts stuck in Sahara Group’s cooperative societies.
By following these steps and using the Sahara Refund Portal, genuine depositors can claim their money with ease and efficiency.
What is CRCS Sahara Refund Portal?
The CRCS Sahara Refund Portal is an online platform designed to process refunds for depositors of four Sahara Group Co-operative Societies, as per the Hon’ble Supreme Court directive dated 29th March 2023.
Is the CRCS Sahara Refund Portal secured?
Yes, the CRCS Refund Portal is a secured online platform with an SSL Certificate.
Who are eligible for refund through the CRCS Sahara Refund Portal?
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 is the eligibility criteria for filing a claim on the CRCS Sahara Refund Portal?
Depositors must have made deposits and have outstanding dues receivable before specific dates, depending on the respective societies.
Are there any applicable charges for filing the Claim form?
No, filing the Claim form is free of cost.
What are the steps to register on the CRCS Sahara Refund Portal?
Step 1: Depositor Registration – Fill in Aadhaar details and verify OTP.
Step 2: Depositor Login – Enter Aadhaar details and verify OTP to login.
What details does a Depositor need to provide with the Claim Request form/Application?
Depositors need to provide membership no., deposit account no., Aadhaar linked mobile no., deposit certificates/passbook, and PAN card if the claim amount is Rs. 50,000/- and above.
Is PAN number mandatory if the total claim amount is Rs. 50,000 and above?
Yes, PAN number is mandatory for claim amounts of Rs. 50,000/- and above.
What if I do not have a PAN card?
Depositors must have a PAN card if the claim amount is Rs. 50,000/- and above.
Are Aadhaar linked Mobile No. and Bank Account mandatory?
Yes, Aadhaar linked mobile no. and bank account are mandatory for claim filing.
What documents have to be attached to submit the Claim?
Depositors should attach deposit certificate/passbook, Claim Request Form, and PAN Card if applicable.
Can Depositor upload documents in any file format?
Documents can be uploaded in PDF/JPEG/PNG/JPEG2 formats.
Does Depositor need to provide details of all deposits in a single claim form?
Yes, Depositors must provide details of all deposits across all Sahara societies in a single claim form.
What should a Depositor do if he/she has multiple deposit accounts?
A single Claim Application Form must be filled for all deposit accounts. However, depositors must upload individual deposit certificates/passbooks for each account.
Will the documents submitted by the Depositor be verified?
Yes, the submitted documents, including the deposit certificate/passbook, will be verified by the respective Sahara societies following CRCS guidelines.
Can Depositor add more claims after submitting the Claim Form?
No, Depositors cannot add further claims once the Claim Form is submitted.
What should Depositor do after verifying the claimed data?
After verifying the claimed data, download, print, and sign the Claim Form before uploading and submitting it.
How long will it take for the Sahara Societies to verify the claim?
Sahara Societies will verify the claim and process it within 30 days after successful submission.
Who will process Depositor’s claim after verification by the Sahara Societies?
The Authorized verifier and CRCS will process the claim in the next 15 days after verification.
How will Depositor receive the refund/claimed amount?
The refund of the claimed amount will be directly credited to the Depositor’s Aadhaar seeded bank account after 45 days from the date of successful claim submission.
Whom should Depositor contact for assistance during the claim filing process?
For any queries during the filing process, contact the respective Sahara Societies as mentioned in the guide.
Conclusion on CRCS-Sahara Refund Portal
The launch of the CRCS-Sahara Refund Portal by the central government marks a significant step towards providing financial assistance to millions of depositors belonging to Sahara Group. With a streamlined verification process that ensures genuine claimants, this portal seeks to expedite the return of funds to deserving depositors. As depositors await the outcome of their claims, the timely notification of claim status within 15 days adds to the transparency and efficiency of this initiative. The portal’s introduction reflects the government’s commitment to safeguarding the interests of depositors and fostering trust in the financial system.