Sahara Refund Portal
On July 18, 2023, Amit Shah, the Union Minister of Cooperation and Home Affairs, opened the Central Registrar of Cooperative Societies (CRCS)-Sahara Refund Portal. It is a place where investors can get their money back. Sahara India Pariwar, a significant Indian conglomerate, is known as Sahaea.
It is a procedure for returning money to investors who have contributed to its many financial projects and plans. Shara has been embroiled in a number of legal and regulatory disputes over the past few years about the return of investor monies.
Amit Shah claims that the initial 10,000 payment to the 1 crore investors who contributed to the Sahara India Pariwar will be made. Investors must register on the CRCS Sahara return Portal and submit certain documentation in order to receive their return.
Who Can Use the CRCS- Sahara Refund Portal Red Fund?
Refunds through the CRCS-Sahara Refund Portal are available to legitimate depositors of Sahara societies. The authentic and legitimate societies of Sahara are listed below.-
• The Kolkata-based Hubara India Credit Cooperative Society Limited.
• The Lucknow-based Sahara Credit Cooperative Society Limited.
• The Bhopal-based Saharayan Universal Multipurpose Society Limited
• Hyderabad’s Stars Multipurpose Cooperative Society Limited
Only candidates who submit an online refund request through the CRCS-Sahara Refund Portal will be eligible for reimbursement.
How Can I Sign Up For The Sahara Refund Portal On The CRCS?
The following actions must be taken by depositors in order to register on the CRCS Sahara Refund Portal:
• Registration of Depositors: To start the registration procedure, do the following:
• Go to the CRCS Sahara Refund Portal homepage and select “Depositor Registration.”
• On the registration screen, enter your cellphone number that is linked to your Aadhar account and the last four digits of your Aadhar card.
• Next, input the received OTP into the “Get OTP” field.
• Select “Verify OTP” to finish the required registration.
• Depositor Login: Open the CRCS Sahara Refund Portal by logging in.
•You can access the account by logging in after registering. Go to the CRCS Sahara Refund Portal’s home page and select “Depositor Login.”
• Next, provide the mobile number that is associated with your Aadhar card along with the final four numbers of your card.
• On the registered mobile phone, enter the OTP that you received.
What Documents Are Needed to File a CRCS Sahara Refund Claim?
CRCS Sahara return depositors must provide specific documentation in order to be eligible for a return. These are the documents that are listed below:
• Deposit Certificate/Passport: Applicants must present a passport or deposit certificate from the relevant cooperative society in the Sahara Group. It is a crucial document that is needed to verify the amount of the deposit.
• Claim Request Form: Using the CRCS Shara Refund Portal’s online application form is necessary. Make sure you accurately fill out the request on the site.
• PAN Card: A PAN card must be submitted. It is a required document to present for the refund if the claimed amount is Rs. 50,000 or more. For the sake of compliance and verification, it is necessary.
• Seeded with Adhaar Additionally required are a bank account, membership number, and mobile phone connected to Aadhaar.
The refund procedure requires these papers. Transparency and the validation of the depositors’ claims are guaranteed.
What is the Sahara Refund Portal claim process?
• Open your Depositor login page and log in.
• On the “Depositor Login Screen,” input the last four numbers of your Aadhar card and the cellphone number associated with it. To receive an OTP, complete the captcha.
• Now log in to your account by using the OTP that you received on your registered cellphone number along with your Aadhar card.
•The Aadhar Consent Screen will appear. To move on to the next page, read the terms and conditions and click the “I Agree” option.
• Next, click Get OTP after entering your 12-digit Aadhar Card number. To the associated mobile number, an OTP will be delivered.
• Type the OTP that was sent to the designated mobile phone.
• Check the OTP.
•The system will show the Aadhar details, including the father’s name, date of birth, first and middle names, and last names, after verification.
•Enter your email address, save it, and go on to the next page if you would like to link it.
• The depositor will input the information that appears on the screen.
• Select the “Add Clamin” button now. All the information is available here. The Depositor may put more than one Claim Detail here.
• After you have entered all of the claim data, you can create a pre-filled claim request form.
• Attach the most recent photo and properly sign both the claim form and the photo.
• Next, click on Upload Document to upload the claim form and a copy of your PAN card to the system.
• A screen will show a thank you page along with a claim request number. Save this claim request number for later use.
How Can I Tell Whether I’ve Received My Refund?
An SMS will be sent to the cellphone number provided during the application procedure informing the recipient if the refund is authorized by the CRCS Sahara Refund Portal. Recall that once you submit the application, you cannot modify the information about your bank account, including its number.
You can check the refunding process by logging in to the CRCS Sahara Refund Portal after submitting the form. The entire refunding process is supposed to take forty-five days.
A financial scheme operating under the name Sahara India Pariwar is known as the Sahara Fraud case in India. It is a conglomerate with holdings in the media, real estate, finance, and other industries. It is led by Shara Subrata Roy.
They run a number of financial scams that take money from millions of Indian investors. The Securities and Exchange Board of India (SEBI) concluded in 2008 that securities regulations were broken by Sahara’s investment plans.
They claimed that Sahara had acquired money from investors without getting the required regulatory licenses by using fully convertible debentures (OFCDs). They conned several investors and raised a total of about Rs. 24,000 crores throughout India. Following this, there were other court battles involving the matter. The case made it all the way to the Indian Supreme Court, which ordered Sahara to give investors their money back.
The Sahara Claims Refund System (CRCS) was created in response to the Supreme Court’s ruling in order to start the reimbursement procedure. In order to be eligible for refunds, investors must provide the company with documentation proving their investment. Sahara credited the investor’s bank account and started the reimbursement procedure via the CRCS.
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