Over 7 lakh seek refund on Sahara portal

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So far, about 7 lakh people have registered themselves in the recently launched ‘CRCS-Sahara Refund Portal’. Investors have claimed an amount of more than Rs 150 crore. The portal was started on July 18 to help investors recover money invested in four Sahara societies.

The government had said in March that the money would be returned to 10 crore investors of the four cooperatives within nine months. The government took this decision following a Supreme Court order directing the transfer of Rs 5,000 crore from the Sahara-SEBI refund account to the Central Registrar of Cooperative Societies (CRCS).

Whose claims will be settled? The claims of the depositors of cooperative societies of Sahara group – Sahara Credit Cooperative Society Limited, Saharayan Universal Multipurpose Society Limited, Hamara India Credit Cooperative Society Limited and Stars Multipurpose Cooperative Society Limited will be settled in the portal.

You can apply like this: First of all go to mocrefund.crcs.gov.in portal for application. Click on the option of ‘Depositor Registration’ on the homepage. Enter your Aadhaar number and the mobile number linked to it. Now click on ‘Send OTP’, and enter ‘OTP’. By doing this your registration will be completed. Thereafter, click on ‘Depositor Login’. Now enter the last four digits of your Aadhaar and mobile number here. After this, enter the OTP sent again. Now read the terms and conditions carefully on the screen and select the option of ‘Agree’. Now your bank name, and your DOB (Date of Birth) will appear. Fill the claim request form along with your depositors certificate. After this fill the name of the committee, membership number, deposit amount. After entering all the details and verification, download the claim letter on the portal. Paste your passport size photograph on the claim application form, and sign it. Now upload this claim letter on the portal. As soon as it is uploaded, you will get a confirmation message on your registered mobile number.