The Sahara Refund Portal was launched to facilitate refunds for depositors of the Sahara Group of Cooperative Societies within 45 days of filing their claims. Unveiled by the Union Home Minister and Minister of Cooperation in New Delhi, this initiative follows a Supreme Court order issued on March 29, 2023.
Eligible depositors with funds stuck in the Sahara scam can claim their refunds by following a straightforward process. Read on to discover detailed steps, application procedures, and all essential information about the Sahara refund process.
The Sahara India Refund process aims to return funds to investors who made deposits and have outstanding dues with the Sahara Group, part of the renowned Sahara India Pariwar conglomerate. In recent years, the Sahara India Refund Portal has played a vital role in facilitating refunds for eligible and genuine investors.
Learn how to navigate the refund process, check your eligibility, and claim your money seamlessly through the official portal.
Since the launch of the Sahara Refund Portal, the Ministry of Cooperation has taken steps to protect depositors’ interests. Following a Supreme Court directive, ₹5,000 crores were transferred from the 'Sahara SEBI Refund Account' to the CRCS for disbursing refunds to genuine depositors.
To claim a refund, depositors must provide proof of identity, claim details, and ensure their Aadhaar is linked to their mobile number. No fees are charged for claims. Claims are verified within 30 days, and depositors are notified via SMS within 15 days after verification, completing the process in 45 days.
Learn more about eligibility, required documents, and the full application process here.
Launched on July 18, 2023, the Sahara Refund Portal provides a streamlined platform for depositors of four prominent cooperative societies to submit legitimate refund claims. The eligible societies include:
Designed for efficiency and transparency, the portal ensures a hassle-free experience for users. Learn how to access the portal, check your eligibility, and apply for refunds online with ease.
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.
To be eligible for the Sahara refund process and reclaim your invested funds, you must meet the following criteria:
Ensure you meet these criteria to successfully claim your refund through the Sahara Refund Portal.
Eligible depositors must have the following documents to claim a 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.
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.
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.
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 enables Sahara group investors to claim refunds of their deposits by rectifying discrepancies and resubmitting claims. Accurate data is essential, as mismatches may lead to rejection. By September 2024, Rs. 370 crore was refunded to 4.29 lakh depositors.