Sahara Refund Latest News: 5 new rules which are important for you, what to do for refund, know here! – StudyToper

sahara refund latest news: After a long wait, good news has come for the investors of Sahara India. The government has made some important changes in the Sahara refund process which may prove beneficial for investors. These new rules are expected to speed up the refund process and increase the chances of more investors getting their money back.

In this article we will give detailed information about 5 new rules related to Sahara Refund. We will also tell you what you have to do to get the refund and what things need to be kept in mind. If you are also an investor in Sahara then this information can prove to be very useful for you.

What is Sahara Refund?

Sahara Refund is a process under which the investors of Sahara India are being returned their invested money. This process has been started after the order of the Supreme Court. Lakhs of people had invested their money in many companies of Sahara India. But later the company refused to return the money. After this the matter went to court and now this refund process is going on under the supervision of the government.

Overview of Sahara Refund Scheme

5 new rules of Sahara refund

1. Maximum limit of refund increased

One of the most important new rules of Sahara Refund is the increase in the maximum limit of refund. While earlier investors were getting a maximum refund of up to ₹10,000, now this limit has been increased to ₹50,000. This is expected to provide relief to a large number of investors.

Important points:

• New maximum refund limit: ₹50,000
• Old limit: ₹10,000
• This change has come into effect from September 2024

2. Improvement in online application process

The process of applying for refund has been made easier. Now investors can apply online while sitting at home. For this, the government has launched a new portal named CRCS-Sahara Refund Portal.

Steps required for application:

1. Go to CRCS-Sahara Refund Portal
2. Register yourself
3. Upload required documents
4. Fill out the form and submit

3. Number of documents reduced

Whereas earlier many documents were asked for refund, now their number has been reduced. This is expected to speed up the application process.

Now only these documents are required:

• Aadhar card
• PAN Card (for refunds above ₹50,000)
• copy of bank passbook
• Proof of investment in Sahara

4. Time limit fixed for refund process

The government has set a deadline to speed up the refund process. Now investors will get their refund within 45 days of applying. If there is a delay due to any reason, the same will be informed to the investor.

Time frame breakdown:

• Application check: 15 days
• Verification of documents: 15 days
• Refund Transfer: 15 days

5. Special provision for the family of deceased investors

If an investor is no more, his family members can apply for a refund. For this some additional documents will have to be given.

Required Documents:

• death certificate
• heir certificate
• Aadhar Card and PAN Card of the applicant

What to do for Sahara refund?

If you are an investor in Sahara and want your money back then follow these steps:

1. Register online: First of all go to CRCS-Sahara Refund Portal and register yourself. For this you will have to give your Aadhar number and mobile number.
2. Upload Documents: After registration you will have to upload the required documents. These include Aadhar card, PAN card and proof of investment.
3. Fill the form: The next step is to fill the form for refund. In this you will have to give your personal details and investment information.
4. Verification: Your application and documents will be verified. If any deficiencies are found you will be informed.
5. Wait for the refund: If everything is found correct, the refund amount will be transferred to your bank account.

Important points related to Sahara refund

• Refund amount: You can now get a maximum refund of up to ₹50,000.
• Application Deadline: There is no last date to apply for a refund. You can apply at any time.
• Bank Account: Refund will be transferred directly to your bank account. Therefore it is important to provide correct bank details.
• Helpline: If you face any problem, the government has issued a helpline number on which you can contact.
• Updates: Keep checking CRCS-Sahara Refund Portal for updates related to the refund process.

Sahara Refund: FAQ

Can I apply for a refund more than once?

No, an investor can apply for refund only once.

What if my investment is more than ₹50,000?

At present, only a maximum refund of ₹ 50,000 is being given. You will have to wait for the remaining amount.

Will there be any tax on refund?

No, there will be no tax on the refund amount.

What if I don’t have any proof of investment?

In such a situation, you can contact the local office of Sahara India and ask for help.

How long will it take for a refund?

You should get the refund within 45 days of applying.

Sahara Refund: Do’s and Don’ts

What to do:

• Provide accurate and complete information
• Upload all required documents
• Check for updates regularly
• For any problem contact the helpline immediately

What not to do:

• Do not give wrong or fake information
• Do not take help from any middleman
• Do not pay for refund
• Do not share your login details with anyone

conclusion

Investors are expected to get a lot of relief from the new changes in the Sahara refund process. The increase in maximum refund amount and simplification of the process are certainly positive steps. But investors need to be careful and should apply for refund only through official channels.

Disclaimer:

This article has been written for the purpose of providing information about Sahara Refund Scheme. Make sure you read all the terms and conditions carefully. Before taking any decision regarding the genuineness and effectiveness of this scheme, please consult the relevant authorities or experts. We do not guarantee the accuracy of the information provided in this article.