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Usually submitted monthly, within the first 7-10 days of the following month.
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If your stock statement is delayed, incorrectly filled out, or submitted without the required declarations, the bank may freeze your credit facility or temporarily reduce your Drawing Power. Consistency and accuracy ensure that your business liquidity is never interrupted. Key Components of the Canara Bank Stock Statement
Totals row
Regular submissions ensure you are prepared for the mandatory Stock Audit conducted for larger limits. 🛠️ How to Fill the Form Correctly To avoid rejection or reduced DP, follow these steps:
: The Canara Bank NF 1003 Simplified Stock Statement , ideal for small and medium enterprises (SMEs) with smaller loan exposures requiring simple asset tracking. Core Components of a Canara Bank Stock Statement
Most standard Canara Bank stock statement templates follow this structured tabular layout: Item Description Rate per Unit Total Value Less: Creditors Raw Material A Finished Goods B 🧮 How Drawing Power (DP) is Calculated canara bank stock statement format pdf link
minus Bank Margin (usually 20% to 25%) = Advance Value of Stock
Borrowers using working capital limits like Cash Credit (CC) or Overdraft (OD) accounts must submit a stock statement every month. Canara Bank requires this document to verify that the value of your inventory and debtors safely covers the money you borrowed.
Input the quantitative and monetary value of your stock, clearly labeling the age of your inventory and debtors. Usually submitted monthly, within the first 7-10 days
: Submit the signed hard copy to your home branch or upload it if your branch supports electronic submission.
If you can tell me what industry your business operates in or the specific type of credit facility you have, I can provide more relevant tips on calculating your stock margins. Share public link
: A signed statement certifying that the stock figures are accurate, belong to the firm, and are fully insured against fire and other risks. Key Components of the Canara Bank Stock Statement
: A list of book debts, typically excluding those older than 90 days Declaration
Note: Your actual drawing power for the month will be the Total Drawing Power or your Sanctioned Limit, whichever is lower. ⚠️ Important Rules and Deadlines for Submission