Sahara Refund Portal: Login, Check Refund Status, Process, How To Apply Online

The Sahara Refund portal was created to refund depositors of the Sahara Group of Cooperative Societies within 45 days of claiming. The Union Home Minister and Minister of Cooperation unveiled this portal in New Delhi. This portal was formed upon an order from the Supreme Court on 29 March 2023. 

All genuine depositors whose money is stuck in the Sahara scam are eligible to claim a refund following a few simple steps. Continue reading this article to learn more about Sahara refunds, how to apply, and other necessary details. 

Sahara India Refund 2023

Sahara India Refund is a process of refunding money to investors who made deposits and have outstanding dues with the Sahara Group. Sahara, which belongs to the Sahara India Pariwar, is a major conglomerate in India. Over the last few years, Sahara India Refund portal has been involved in the refunding process for genuine investors. 

Central Registrar of Cooperative Societies

Since the creation of the Sahara Refund portal, the Ministry of Cooperation has undertaken measures to protect the interests of depositors of the Sahara Group of Cooperative Societies. To address the investment issues of genuine depositors, the Honourable Supreme Court of India ordered the transfer of Rs. 5,000 crores from the ‘Sahara SEBI Refund Account’ to the Central Registrar of Cooperative Societies (CRCS).

This amount is for disbursing dues of genuine members of the Sahara Group of Cooperative Societies. However, to get their money back directly in their respective bank accounts, the depositors must submit proof of identity along with proof of their claims. They must also have their Aadhaar linked with their mobile number and keep all necessary documents ready in hand. 

Genuine members who claim a refund are charged no additional fees. The Sahara Group of Cooperative Societies will verify the claim application within 30 days of submission. Depositors will receive the claim decision via SMS within 15 days after verification, i.e. 45 days after the claim application form. 

What is Sahara Refund Portal?

The Sahara Refund portal was launched on 18 July 2023. Sahara Refund portal lets depositors of four well-known cooperative societies submit legitimate refund claims. The cooperative societies are: 

• Humara India Credit Cooperative Society Limited, Kolkata
• Sahara Credit Cooperative Society Limited, Lucknow
• Saharayan Universal Multipurpose Society Limited, Bhopal
• Stars Multipurpose Cooperative Society Limited, Hyderabad

This portal is easily accessible for users, maintaining efficiency and transparency. 

Sahara Refund Portal Link

Investors can claim refund of their deposits by clicking on the direct link of the Sahara Refund Portal Link - https://mocrefund.crcs.gov.in/depositor/#/home.

Sahara Refund Process Eligibility

You must meet the following eligibility criteria for the Sahara refund process and claim your invested amount: 

• Depositors must have deposited before 22 March 2022 and have outstanding dues receivable from Humara India Credit Cooperative Society Limited, Sahara Credit Cooperative Society Limited, and Saharayan Universal Multipurpose Society Limited.
• Depositors must have deposited before 29 March 2023 and have outstanding dues receivable from Stars Multipurpose Cooperative Society Limited.

Documents Required for Sahara India Refund 

Eligible depositors must have the following documents to claim a refund:

• Membership number
• Deposit account number
• Aadhaar card linked with a mobile number and bank account 
• PAN card if the claim amount exceeds Rs. 50,000
• Passbook/Deposit certificates

How to Register on Sahara India Refund?

Depositors must first register on the Sahara India Refund Portal to apply for their claim. Here are the steps to register on Sahara India Refund Portal:

Step 1: Visit the Sahara Refund portal. 

Step 2: Click on the ‘Depositor Registration’ tab.

Step 3: Enter the last 4-digits of your Aadhaar number, mobile number and captcha code and click on ‘Get OTP’.

Step 4: Enter the OTP and click on ‘Verify OTP’.

The registration will be complete.

How to Apply for Sahara India Refund Online?

Here is a detailed step-by-step guide you should follow to apply to get back your money after you register on the Sahara India Refund Portal:

Step 1: Visit the Sahara Refund portal. 

Step 2: Log in to the Sahara Refund portal by clicking on the ‘Depositor Login’ tab and entering the last 4-digits of your Aadhaar number and mobile number, as well as the OTP received on your mobile number.

Step 4: Accept the UIDAI conditions and click ‘I Agree’.

Step 5: Enter the personal details and click ‘Next’.

Step 6: Enter your Aadhaar number and click ‘Get OTP’. Enter the OTP and click ‘Verify OTP’.

Step 7: On the next page, check the details fetched and auto-filled from Aadhaar and click on ‘Get Bank Name’. Once the bank details are fetched, click ‘Next’.

Step 8: Enter the necessary details on the next page and click ‘Add Claim’.

Step 9: The claim details will be displayed. Click on ‘Next’. 

Step 10: On the next page, click on ‘Generate Claim Request Form’.

Step 11: The claim form will be displayed on the screen. Click on ‘Download Form’.

Step 12: Affix your latest photograph and signature on the claim form. 

Step 13: Log in to the Sahara Refund portal and upload the filled claim form, enter the PAN number and upload documents on the portal.

Once you successfully upload the form, you will receive an acknowledgment number. An SMS will also be sent to your registered mobile number. The refunding process takes around 45 days. You will get the invested amount into your account directly. 

Sahara India Refund Form 2023 PDF Download

You can download the Sahara Refund form by logging into the Sahara Refund portal, entering your personal and Aadhaar details, and clicking on ‘Generate Claim Request Form’.  The PDF of the Sahara India Refund form will be downloaded after you click on the ‘Generate Claim Refund Form’ button. You need to affix your photo and signature to the form and upload it on the Sahara Refund portal to complete the claim process. 

Sahara Refund Status

After you have raised a claim for a refund on the Sahara Refund portal, you can check the Sahara refund status by following the steps below:

Step 1: Visit the Sahara Refund portal.  

Step 2: Click on the ‘Depositor Login’ tab. 

Step 3: Enter the last 4-digits of your Aadhaar number, mobile number and captcha code and click ‘Get OTP’.

Step 4: Enter the OTP and click ‘Verify OTP’.

Step 5: The login page will display the details and status of your claim.

The Sahara Refund portal is an important platform for Sahara group investors to claim a refund of their deposits. These depositors can rectify any discrepancies in their claims and then resubmit the claim to proceed further through the portal. Make sure to provide accurate data when applying. If there is a data mismatch with the company, you will not get the refund amount.