The cooperation ministry had moved for extension citing huge number of applications, time-consuming verification processes and lack of co-operation from Sahara societies. Considering various aspects, the court has granted time till December 31.
Several Sahara investors have complained of error messages and rejection of claims on the refund portal run by the Ministry of Cooperation. Here are some broad reasons for the same and remedies suggested by the ministry.
Sahara refund: The claimed amount will be credited immediately to the depositor s Aadhaar seeded bank account 45 days following the successful claim submission.
Sahara Refund Portal has been launched for submission of claims by genuine depositors of Cooperative Societies of Sahara Group. The refund process of Rs. 5,000 crore to investors has already begin.