Loan Account No.: Branch & Date: Type of Limit: Cash Credit / Overdraft against Stock / Pledge of Shares
Depending on your loan amount and business type, you will need one of two standard formats. Click the links below to download the official templates:
: A fillable version of the "OCC Stock Statement Cum MSOD" is available on Scribd - NF-902 or Scribd - NF-902 Form .
Services like DocHub or US Legal Forms offer versions that can be filled and signed electronically. Key Components of the Stock Statement Format canara bank stock statement format pdf link
All stock statement formats have dedicated sections for:
This document is not for regular savings account holders. It is exclusively for businesses that have availed of a credit facility backed by the hypothecation of stock. The typical Canara Bank loan products that require a monthly/quarterly stock statement include:
In the dedicated row, enter the total amount owed to suppliers for the stock listed above. Loan Account No
The most reliable source is the you received when your loan was approved. It typically contains the 'Terms and Conditions' for stock statements, which includes:
A (also referred to as an inventory statement) is a comprehensive business report that details a company’s inventory position, purchase figures, sales figures, creditor details, and debtor details. In simple terms, it tells the bank the status of your stock that has been offered as collateral against the loan.
Step 1: Calculate Gross Value of Stock (Raw Materials + Work-in-Progress + Finished Goods) Step 2: Subtract Excluded Items (Sundry Creditors for Credit Purchases + Obsolete/Slow-Moving Stocks) Step 3: Arrive at Net Paid Value of Eligible Stock Step 4: Deduct the Bank's Mandated Margin Percentage (e.g., 25% Margin means multiplying by 75%) Step 5: Apply the Final Drawing Power (DP) to the Lower of the Sanctioned Loan Limit or the Net Margin Value Guide to Filling and Submitting the Document Key Components of the Stock Statement Format All
: Provide a sample template in table format, which users can adapt.
I can provide target insights tailored directly to your commercial portfolio. Download Center - Canara Bank
: Delayed submission often attracts a penal interest rate (typically 1% to 2% extra ) charged on your total outstanding balance until the statement is submitted.