SEBI-Sahara Refund Online Application Form 2023 : Learn How to Claim on the Sahara Refund Portal or CRCS Portal

If you’re one of the millions of investors who have invested in Sahara Group’s Cooperative Societies, you might be wondering how to get your money back.

You might have heard about the SEBI-Sahara refund case, which is one of the biggest and longest-running legal battles in India.

The SEBI alleged that Sahara Group had raised over Rs. 24,000 crore from nearly 3 crore investors through illegal and unregulated schemes. The Supreme Court ordered Sahara Group to refund the money to the investors with interest.

However, the refund process has been slow and complicated, as many investors have not been able to claim their money due to various reasons, such as lack of proper documents, verification issues, or unawareness.

That’s why you need to know about the SEBI-Sahara Refund Online Application Form 2023. This is a simple and convenient way to claim your refund from Sahara Group through the Sahara Refund Portal or CRCS Portal.

In this article, I’ll show you how to use the SEBI-Sahara Refund Online Application Form 2023 and get your money back from Sahara Group.

I’ll also explain the benefits of using the Sahara Refund Portal or CRCS Portal and what documents you need to claim your refund.

By the end of this article, you’ll be able to register, login, and apply for refund on the Sahara Refund Portal or CRCS Portal and get your money back with interest.

What is the Sahara Refund Portal or CRCS Portal

The Sahara Refund Portal or CRCS Portal is a platform launched by the Central Registrar of Cooperative Societies (CRCS) as per the Supreme Court’s order dated 29 March 2023.

The CRCS has been entrusted with the task of distributing Rs. 5,000 crore from the “Sahara-Sebi Refund Account” to the genuine depositors of Sahara Group’s Cooperative Societies.

The portal can be accessed through Ministry of Cooperation website https://cooperation.gov.in.

The genuine depositors of these Societies may login the portal and submit their claims by filling online application form available on the portal and upload requisite documents.

The portal covers four cooperative societies of Sahara Group, namely:

  • Sahara Credit Cooperative Society Ltd., Lucknow
  • Saharayn Universal Multipurpose Society Ltd., Bhopal
  • Hamara India Credit Cooperative Society Ltd., Kolkata
  • Stars Multipurpose Cooperative Society Ltd., Hyderabad

If you have invested in any of these societies, you can use the Sahara Refund Portal or CRCS Portal to claim your refund from Sahara Group.

How to Register on the Sahara Refund Portal or CRCS Portal

To register on the Sahara Refund Portal or CRCS Portal website, you need to have two things:

  • Your Aadhaar Number (last 4 digits)
  • Your Aadhaar-linked Mobile Number (10 digits)

If you don’t have these, you won’t be able to register on the portal.

Here are the steps to register on the Sahara Refund Portal or CRCS Portal website:

  1. Go to https://mocrefund.crcs.gov.in/Depositor/Login
  2. Enter the last 4 digits of your Aadhaar Number and your Aadhaar-linked Mobile Number
  3. Click on “Get OTP”
  4. You’ll receive an OTP (One Time Password) on your mobile number
  5. Enter the OTP and click on “Verify OTP”
  6. You’ll be registered on the portal and redirected to your dashboard

How to Login and Apply on SEBI-Sahara Refund Online Application Form 2023

To login and apply for refund on the Sahara Refund Portal or CRCS Portal website, you need to follow these steps:

  1. Go to https://mocrefund.crcs.gov.in/Depositor/Login
  2. Enter the last 4 digits of your Aadhaar Number and your Aadhaar-linked Mobile Number
  3. Click on “Get OTP”
  4. Enter the OTP and click on “Verify OTP”
  5. You’ll be logged in to the portal and redirected to your dashboard
  6. Click on “Apply for Refund”
  7. Fill the online application form with your personal and bank details
  8. Upload the required documents (see below)
  9. Review and submit your application
  10. You’ll receive a confirmation message and an application number
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Here are some screenshots to illustrate the process:

How to Check the Status of Your Refund Application on the Sahara Refund Portal or CRCS Portal

To check the status of your refund application on the Sahara Refund Portal or CRCS Portal website, you need to follow these steps:

  1. Go to https://mocrefund.crcs.gov.in/Depositor/Login
  2. Enter the last 4 digits of your Aadhaar Number and your Aadhaar-linked Mobile Number
  3. Click on “Get OTP”
  4. Enter the OTP and click on “Verify OTP”
  5. You’ll be logged in to the portal and redirected to your dashboard
  6. Click on “View Application Status”
  7. Enter your application number and click on “Search”
  8. You’ll see the status of your application, such as “Pending”, “Verified”, “Rejected”, or “Refunded”

What are the Documents Required for Claiming Refund from Sahara

To claim your refund from Sahara, you need to upload the following documents on the Sahara Refund Portal or CRCS Portal website:

  • Original deposit receipt issued by the society
  • Identity proof (such as Aadhaar card, PAN card, voter ID card, etc.)
  • Address proof (such as Aadhaar card, electricity bill, bank statement, etc.)
  • Bank passbook or cancelled cheque showing your name, account number, and IFSC code

You need to scan these documents and upload them in PDF or JPG format. The file size should not exceed 2 MB.

Here is a table showing the documents required for claiming refund from Sahara:

DocumentDescriptionFormatSize
Original deposit receiptThe receipt issued by the society when you made the depositPDF or JPGUp to 2 MB
Identity proofAny document that proves your identity, such as Aadhaar card, PAN card, voter ID card, etc.PDF or JPGUp to 2 MB
Address proofAny document that proves your address, such as Aadhaar card, electricity bill, bank statement, etc.PDF or JPGUp to 2 MB
Bank passbook or cancelled chequeA copy of your bank passbook or a cancelled cheque showing your name, account number, and IFSC codePDF or JPGUp to 2 MB

What are the Benefits of Claiming Refund from Sahara

Claiming refund from Sahara has many benefits for you as an investor. Here are some of them:

  • You’ll get back your money with interest as per the Supreme Court’s order
  • You’ll avoid legal hassles and complications that may arise from dealing with Sahara Group
  • You’ll ensure transparency and accountability as the refund process is supervised by the CRCS and monitored by the Supreme Court
  • You’ll save time and effort as the refund process is simple and convenient through the online portal
  • You’ll get regular updates and notifications about your refund status through SMS or portal

Here is a list of the benefits of claiming refund from Sahara:

  • Get back your money with interest
  • Avoid legal hassles and complications
  • Ensure transparency and accountability
  • Save time and effort
  • Get regular updates and notifications

Conclusion

The SEBI-Sahara Refund Online Application Form 2023 is a great opportunity for you to claim your refund from Sahara Group’s Cooperative Societies.

By using the Sahara Refund Portal or CRCS Portal, you can register, login, and apply for refund online and get your money back directly into your bank account.

You just need to have your Aadhaar Number, Aadhaar-linked Mobile Number, and the required documents to submit your claim.

The portal is user-friendly, effective, and transparent and allows you to check the status of your refund application anytime.

Don’t miss this chance to get your money back from Sahara Group. Register, login, and apply for refund on the Sahara Refund Portal or CRCS Portal today.

If you have any questions or queries, feel free to contact the toll-free numbers of the societies (1800 103 6891 / 1800 103 6893) or visit the Ministry of Cooperation website https://cooperation.gov.in. for more information.

FAQs

What is CRCS Sahara Refund Portal?

The CRCS Sahara Refund Portal is an online platform designed for processing refunds of depositors of four Sahara Group Co-operative Societies as per the Hon’ble Supreme Court directive dated 29th March 2023.

Who are eligible for refund through the CRCS Sahara Refund Portal?

The genuine and legitimate Depositors of following four Sahara Societies are eligible for 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 details does a Depositor need to provide with the Claim Request
form/ Application?

The Depositor should have:
a. Membership no.
b. Deposit Account no.
c. Aadhaar linked Mobile no. (Mandatory)
d. Deposit certificates/ Passbook
e. PAN card (if claim amount is Rs. 50,000/- and above) (Mandatory).

Are Aadhaar linked Mobile No. and Bank Account mandatory for Sahara Refund?

Yes, the Depositor should have Aadhaar linked mobile No. and Aadhaar seeded Bank account mandatorily without which, the claim request cannot be filed on the Portal.

Does Depositor need to provide details of all deposits in a single claim form?

Yes, the Depositor has to provide details of all the deposits across all Sahara societies where Depositor has outstanding dues receivable by adding all the claim details, one by one, in a single claim form.

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