The Centre has started the process to refund ₹5,000 crore of depositors whose funds are struck in four cooperative societies of Sahara Group. Union Minister launched a 'CRCS-Sahara Refund Portal' to facilitate the refund. The portal has been developed by a subsidiary of IFCI or Industrial Finance Corporation of India. If you are one of the depositors looking to claim your refund, know how to navigate through the portal and get your money back.
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NewsTranscript
00:00 The Centre has started the process to refund Rs 5,000 crore of depositors whose funds are
00:06 stuck in four cooperative societies of Sahara Group.
00:10 Union Minister Amit Shah launched a CRCS Sahara Refund Portal to facilitate the refund.
00:16 The portal has been developed by a subsidiary of IFCI or Industrial Finance Corporation
00:21 of India.
00:22 So, first, let's understand who are eligible for the refund.
00:26 Depositors of the four Sahara Group societies can apply for the refund on the CRCS Sahara
00:31 Refund Portal.
00:32 The groups are Sahara Credit Cooperative Society Limited, Saharyan Universal Multipurpose Society
00:39 Limited, Hamara India Credit Cooperative Society Limited and Stars Multipurpose Cooperative
00:45 Society Limited.
00:49 If you are one of the depositors looking to claim your refund, follow these simple steps
00:53 to navigate through the portal and get your money back.
00:56 First, visit the CRCS Sahara Refund Portal at mocrefund.crcs.gov.in.
01:05 Enter your 12-digit Aadhar number and the registered mobile number.
01:09 An OTP will be sent to your mobile number for verification.
01:12 Once you enter the OTP, your registration will be complete.
01:15 Enter the required personal details then.
01:18 After successful registration, log in to the portal using your Aadhar number and the registered
01:22 phone number.
01:23 Accept the conditions after perusal and proceed to the next step where you will need to enter
01:28 your personal details.
01:31 Provide your Aadhar number, name, date of birth, father's name, Aadhar seeded bank account
01:35 number and optionally your mail ID.
01:38 Then in the next step, you are required to submit the claim details.
01:43 Provide information about the cooperative society you deposited with including the membership
01:47 number, receipt number, proof of deposit, deposit amount and PAN if the total claim
01:52 amount across all societies exceeds Rs 50,000.
01:57 After providing all necessary information, generate the claim request form.
02:01 This form will consolidate all the details you have submitted so far.
02:04 Print the generated claim request form and fill it out carefully.
02:08 You will need to put your latest photograph and sign the document before proceeding to
02:12 the next step.
02:13 Once you have filled out the claim request form, upload it on the portal.
02:17 After the successful upload, an acknowledgement number will be displayed on the portal and
02:21 you will also receive an SMS on your registered phone number confirming the submission.
02:26 The processing of your refund will be completed within 45 days and it will be transferred
02:30 directly to the bank account that you have provided.
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