Of these, "refunds have been made concerning 17,526 applications involving 48,326 accounts for an aggregate amount of Rs 138.07 crore, including the interest amount of Rs 67.98 crore." The remaining applications were closed due to their records not being traceable in the data provided by two Sahara Group firms. As of March 31, 2023, the total amount deposited in nationalised banks is around ₹ 25,163 crore," Sebi stated. This amount stood at ₹ 24,076 crore, ₹ 23,191 crore, and ₹ 21,770.70 crore as of March 31, 2022, March 31, 2021, and March 31, 2020, respectively. In March, the government announced that the money would be returned to 10 crore investors of the four cooperative societies within 9 months.

Source: dna November 15, 2023 22:03 UTC