A stock statement is a certified financial document summarizing the quantity, value, and categorization of a company’s inventory (raw materials, work-in-progress, finished goods) over a specific period (usually monthly/quarterly).
Filing a timely stock statement is a critical requirement for businesses utilizing working capital facilities like cash credit or overdraft accounts. Canara Bank requires standard monthly or quarterly stock statements to monitor the value of primary security against your loan.
For businesses applying for an Open Cash Credit (OCC) facility—particularly small and medium enterprises—Canara Bank uses a specialized format known as , often referred to as NF-902 . This format integrates stock declaration along with monthly stock position data. canara bank stock statement format pdf link
A valid stock statement must provide a detailed breakdown of your business inventory to help the bank assess its value after applying a margin (often 25%). Stock Statements to Bank - Dhruva Industrial Consultants
You can download the official Canara Bank Stock Statement formats through the Canara Bank Download Center A stock statement is a certified financial document
Avoid these pitfalls to ensure your statement is accepted without issues and doesn't impact your loan adversely:
: Obsolete, slow-moving, or damaged stock must be segregated and excluded from the eligible value. 2. Sundry Debtors (Accounts Receivable) For businesses applying for an Open Cash Credit
If you need a specific version of the , I can help you locate the latest one from the official Canara Bank portal or help you understand the margin calculations for your working capital facility . Let me know how you'd like to proceed. Canara Bank NF 902 Stock Statement Form | PDF - Scribd
The is an essential document for any business availing a CC or OD loan against inventory. Whether you use the NF-1003 standard format or the NF-902 OCC cum MSOD variant, ensuring accuracy and timely submission is key to maintaining a healthy banking relationship.
No. You must use Canara Bank’s prescribed format (NF-1003 or NF-902). Manual formats prepared in Excel or Word will not be accepted unless they are conversions of the official form.