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CRCS-Sahara Refund Portal: A Step-by-step Guide to File Your Claim

Written By: Manish Sharma

Last Updated: July 18, 2023

Sahara Refund Portal

The Central Registrar of Cooperative Societies (CRCS) created a streamlined process for Sahara Group depositors to retrieve their funds. Launched by the Union Home Minister and Minister of Cooperation, Amit Shah, the CRCS-Sahara Refund Portal is an unprecedented financial initiative involving various government agencies.

CRCS-Sahara Refund Portal

The CRCS-Sahara Refund Portal, accessible at https://cooperation.gov.in/, is a website developed by a subsidiary of IFCI. It’s specifically designed for the depositors of cooperative societies to submit their rightful claims.

Amit Shah assures depositors will initially receive refunds up to Rs 10,000, and later, these refunds will be amplified for those with higher deposits.

CRCS-Sahara Refund Money Rollout Process

The plan is to utilise Rs 5,000 crore for the initial refunds. Once this sum is expended, a request will be made to the Supreme Court to release more funds. This strategy is to ensure an orderly refund process for all Sahara Group depositors, promising the completion of the refund process within 45 days.

How To File Claim on CRCS-Sahara Refund Portal?

To file a claim on the CRCS-Sahara Refund Portal, depositors need two key elements:

  1. Aadhaar registration with a mobile number
  2. A bank account linked to their Aadhaar for the deposit of the refund

These prerequisites are crucial to ensure a smooth refund process. You may visit the portal and proceed to file the claim now.

Objective of CRCS-Sahara Refund Portal

The primary aim of the CRCS-Sahara Refund Portal is to safeguard the financial interests of cooperative members. Nearly 2.5 crore individuals have deposits with the Sahara Group, and this portal is a significant step towards protecting their investments.

With this in-depth guide, we hope you’ve gained a clearer understanding of the CRCS-Sahara Refund Portal and its claim process. It signifies a monumental stride in preserving the interests of numerous cooperative members and helping them retrieve their rightful deposits.

Crcs-Sahara Refund Portal: A Step-By-Step Guide To File Your Claim

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About the Author

I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

Manish Sharma

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