Sahara refund portal how to reclaim: Over Rs 1,12,000 crore available, know how to reclaim your funds

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Recover long-held funds from Sahara Group by registering on the portal for refunds.

Sahara refund portal how to reclaim

Sahara refund portal how to reclaim:- Following an arduous period of waiting, investors have commenced the retrieval process for their capital ensnared in Sahara Group. In order to facilitate and enhance this endeavor, the government introduced a specialized online interface during the month of July. This digital platform serves to streamline the financial recuperation procedure by enabling individuals to conveniently register and reclaim their funds. Since its launch, an impressive number of hundreds of thousands have already availed themselves of this digital portal for submission of applications.

Sahara refund portal how to reclaim

On the 4th of August, 2023, the initial stage of the endeavor witnessed the government successfully allocating Rs 10,000 to the bank accounts of an esteemed group consisting of 112 investors. This commendable accomplishment serves as a momentous stride towards resolving the persistent matter at hand.

Sahara refund portal: Over Rs 1,12,000 crore available

Investors who have made investments in four societies operated by Sahara, namely Sahara Credit Cooperative Society Limited in Lucknow, Hamara India Credit Cooperative Society Limited in Kolkata, Saharayan Universal Multipurpose Society Limited in Bhopal, and Stars Multipurpose Cooperative Society Limited in Hyderabad, are now provided with the opportunity to claim their funds through the designated portal. Remarkably, a substantial sum of Rs 1.12 trillion had been invested by a considerable number of 2.5 crore individuals within Sahara Group. The government now earnestly urges these investors to effectively utilize the aforementioned portal for the retrieval of their funds which have unfortunately remained inaccessible for an extensive duration.

The government’s exclusive portal, launched on July 18, 2023, has received more than two million online registrations from eager investors seeking to retrieve their investments from Sahara Group. The initial phase has already resulted in a reimbursement of Rs 11,20,000 to a total of 112 investors. The distribution of the second installment is expected to occur soon, with the third installment scheduled for release in September.

Are you eligible? Essential documents for registration

To embark on this journey of fund reclamation, you’ll need the following documents at hand:

• Sahara membership number

• Account number

• PAN Card (mandatory for amounts exceeding Rs 50,000)

• Active mobile number linked with Aadhaar

• Copy of Deposit Certificate/Passbook details

Step-by-step application process

If one is unable to commence the claim independently, the Common Service Center (CSC) becomes a valuable ally. The refund portal can be accessed through these centers while adhering to the government’s prescribed protocols.

For more information and to submit your claim, you can also visit the Ministry of Cooperation’s website:

CRCS Sahara Refund Portal Gov In

Union Minister Amit Shah introduced the CRCS-Sahara Refund in New Delhi. The Supreme Court ordered the disbursement of Rs. 5000 Crores from the Sahara-SEBI Refund Account to genuine depositors of Sahara Group’s Cooperative Societies. The portal allows one crore investors who deposited Rs. 10,000 or more to claim up to Rs. 10,000 as their first payment. After distributing Rs. 5,000 crore, efforts will be made to return the remaining amount to other eligible investors through an appeal in the Supreme Court. Depositors who invested in Sahara Group’s Cooperative Societies before specific cut-off dates can apply for claims.

Sahara Refund Portal Website and Form

The Sahara India Refund Portal is easy to use. Depositors can easily apply by registering on the portal and providing their important information. They also need to link their Aadhaar number with their mobile phone number and bank account. Additionally, they must upload necessary documents like the certificate of deposit and PAN card if they have one.

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