'CRCS-Sahara Refund Portal' launched to help Sahara Group depositors

Indian government launches CRCS-Sahara Refund Portal to aid 10 crore Sahara Group cooperative societies depositors in getting their money back.

The Portal is developed for submission of claims by genuine depositors of four major societies of Sahara Group; expected to return money within nine months.

Depositors to complete an online application form; claim processing is expected to take around 45 days. There is no fee for submission.

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Initially, Rs 5,000 crore will be disbursed, each depositor gets Rs 10,000. This cap may increase if the initiative proves successful.