What is the deadline to claim refund for Sahara societies depositors?

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The government has launched the CRCS Sahara Refund Portal July 18, 2023 for Sahara societies depositors. These depositors’ investments were stuck for a considerable amount of time, however, this portal will enable them to recover their money. You must register on the official website if you are a Sahara Society depositor who qualifies.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.

How Sahara societies depositors can claim for refund?

After registration, Visit the Home Page of CRCS Sahara Refund Portal and click on “Depositor Login” Fill in the details like last 4 digits of your Aadhaar Card, and mobile number linked with Aadhaar, on the Depositor Login Page accurately. Click on “Get OTP” and enter the OTP received. Click “Verify OTP” to login.

What is the last date or deadline to claim for refund?

As of now the government has not set a deadline to submit refund requests through the CRCS Sahara Refund Portal. PAN number mandatory
The depositor has to provide details of PAN card mandatorily, if claim amount is Rs. 50,000 and above, across all Sahara Societies. The depositor should have Aadhaar linked mobile number and Aadhaar seeded Bank account mandatorily without which, the claim request cannot be filed on the Portal.

Documents required to file claim

The Depositor should attach following documents:
a. Deposit certificate/ Passbook
b. Claim Request Form
c. PAN Card (if claim amount is Rs. 50,000/- and above)

The submitted documents, including the Deposit Certificate/Passbook, will be reviewed by the respective Sahara Societies, and the verification procedure will follow the CRCS norms.

Following the successful filing of the claim, an acknowledgement number will be shown on the Portal, and an SMS will be issued to the Depositor’s registered mobile number for confirmation.

Note that depositor cannot add further claims once the Claim Form is submitted. Therefore, ensure that all the details are accurately entered and verified before submission.

How long will it take for refund to reach Sahara societies depositor

The Sahara Societies will validate the claim and process it within 30 days of its successful filing. After the Sahara Societies have verified your claim, the Authorised Verifier and CRCS will handle it within the next 15 days. The claimed amount will be credited immediately to the depositor’s Aadhaar seeded bank account 45 days following the successful claim submission.

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