Sahara Refund Update: Now Re-apply for Claims Up to ₹10 Lakhs; Learn the Complete Re-submission Process

Sahara Refund: The government has launched a re-submission portal for Sahara investors, allowing them to re-apply for refunds amounting to a maximum of ₹10 lakhs. Investors who have not received their payment even after 45 days, or whose forms were previously rejected, can now rectify errors and fill out a new form.

Sahara Refund: Sahara Refund Update: The 'Re-submission' option is now live on the CRCS-Sahara Refund Portal for investors who previously received a 'Deficiency' notification. You can now correct your errors and resubmit your claim. Following a successful application, the government will complete the payment processing within 45 working days.

How to Re-submit? A Step-by-Step Guide

If a deficiency was noted in your claim, follow these steps:

• Official Link: First, visit the Sahara Re-submission Portal.
• Login: Enter your Claim Request Number (CRN) and the Captcha code to validate your details.
• Correct Errors: Upload the correct documents or update any incorrect information as indicated by the deficiencies listed on the portal.
• Submit: Once all information has been entered, resubmit the form.
• Processing Time: Verification of the application will be completed within 30 days, followed by a decision regarding the payment within the subsequent 15 days.

The New Sahara Refund System: What Has Changed?

Claim Limit: Investors can now re-submit claims for a total amount of up to ₹10 lakhs. Previously, this opportunity was available only to investors with smaller claim amounts.
Previous Payments: Investors whose documents were found to be in order have already received payments of up to ₹50,000 per application, credited directly to their bank accounts. Supreme Court Order: This entire process commenced following the Supreme Court's order to transfer ₹5,000 crore from the Sahara-SEBI Refund Account to the Central Registrar (CRCS).