Amit Shah, Union Home Minister and Minister of Cooperation, has recently unveiled a portal where depositors of the Sahara Group of Cooperative Societies can claim their refund in 45 days. The move comes following a Supreme Court order, on March 29, which stated that ₹5,000 crore should be transferred from the “Sahara-SEBI Refund Account” to CRCS to depositors invested in the Sahara Cooperative Societies. The portal was launched in New Delhi. The government assured depositors of the refund of the money that got stuck in the Sahara scam.

Eligibility

Amit Shah said that, the first payment of up to ₹10,000 will be made to one crore investors who had deposited ₹10,000 or more. Post the ₹5,000 crore payment, another appeal will be made to return the same to other depositors in Sahara Cooperative Societies.

Depositors of Sahara Credit Cooperative Society Limited, Saharayan Universal Multipurpose Society Limited, and Hamara India Credit Cooperative Society Limited, before March 22, 2022, are eligible for the refund.

In addition, the depositors of Stars Multipurpose Cooperative Society Limited, before March 29, 2023, are also eligible.

Only claims filed online through the portal will be entertained, states the online portal. There is no fee for submitting claims.

Documents needed

Here’s a list of documents needed to initiate the claim:

  • Membership Number
  • Deposited Account Number
  • Aadhaar should be linked with the an active mobile number
  • Certificate/Passbook details of the deposit
How to claim refund
  • Go to CRCS- Sahara Refund Portal
  • On Depositor Registration page, provide with the 12-digit Membership Number, the last 4 digits of Aadhaar Number, 10-digit Aadhaar-linked Mobile Number, and the captcha.
  • On Depositor Login page, give last 4 digits of Aadhaar Number, 10-digit Aadhaar-linked Mobile Number.
  • Next, click on Get OTP.Enter the OTP.
  • Give consent and accept the terms and conditions with ‘I Agree’.
  • On Personal Details screen, provide details like 12-digit Aadhaar Number and click Get OTP.
  • Next, details of the Aadhaar user will be displayed such as first name, middle name, last name, DOB, and Father/Husband name.
  • Enter Email ID (optional).
  • Next, provide with details on Certificate of Deposit.
  • Click on Submit Claim.
  • Fill in your claims and assure it is correct as it can not be corrected later.
  • Attach a photograph for proof.
  • Sign the claim along with PAN card document by clicking “Upload Document”.
  • Once done, note down the claim request for future reference.

Amit Shah also assured that 1.78 crore small investors, whose money is up to ₹30,000 will get a refund of their hard-earned money.

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