Lucknow Press
Investors can now claim up to Rs 500000 through the Sahara Refund Portal. The portal states, ‘We are currently accepting applications again for claims up to ₹ 5,00,000. The dates for applying for claims of a total amount of more than ₹ 5,00,000 lakh will be announced later. These claims will be processed within 45 working days.
Over 4.2 lakh investors received Rs 362.91 crore till July 16 According to PTI-Bhasha, on Wednesday, Home and Cooperation Minister Amit Shah told Parliament that Rs 362.91 crore had been refunded to over 4.2 lakh investors of the Sahara Group till July 16 this year. Shah said in a written reply in the Rajya Sabha that this money was refunded through the CRCS-Sahara Refund Portal.
This portal was set up following the order of the Supreme Court on March 29, 2023. Its purpose is to assist legitimate investors to retrieve their funds. The minister said that as of July 16, 2024, an amount of Rs 362.91 crore was released to 4,20,417 investors of Sahara Group cooperatives.
Let us tell you that a total of Rs 86,673 crore of 9.88 crore investors is stuck in the Sahara Group. An application was filed by the Ministry of Cooperation in the Supreme Court to resolve the complaints and payment of their legitimate deposits of genuine members/depositors of the cooperative societies of the Sahara Group, on which the Supreme Court directed to transfer Rs 5000 crore from the “Sahara-SEBI Refund Accounts” to the Central Registrar of Cooperative Societies (CRCS).
Contact on these numbers: The portal states that depositors are requested to file all claims related to all four societies through a single claim application form. Only claims filed online through the portal will be considered. There is no fee for filing a claim. For any technical problem, you can contact the society’s toll free numbers (0522 6937100/0522 3108400/0522 6931000/08069208210).
