Canara Bank Stock Statement Form NF 902: Download & Excel Format Guide

Follow these steps to create NF 902 in Excel:

In simple terms, this form is your declaration to the bank about:

Details actual production vs. estimates and age-wise analysis of receivables (debtors) and creditors. How to Use the Excel Format for Calculations

: The complete amount owed by customers. Debts Older than 90 Days : Ineligible for DP calculation.

If the bank requires a 40% margin on eligible book debts, you can borrow against 60% of the value. : =Eligible_Debtors_Cell * 0.60 Step 4: Cap the Drawing Power at the Sanctioned Limit

I can provide the exact to paste directly into your worksheet.

Failing to declare your sundry creditors constitutes misrepresentation, as the bank cannot finance unpaid inventory.

If the standard Excel form is unavailable, you have several good options: