The bank uses this statement to monitor the primary security of your loan. Submitting Form NF 902 periodically (usually monthly or quarterly) is a covenant in your loan agreement.
This header section establishes the identity of the account. It includes: Name of the borrowing unit Cash Credit / Overdraft account number Statement date (usually the last working day of the month) Sanctioned limit amount 2. Stock and Inventory Details canara bank stock statement form nf 902 excel format
: Raw materials, semi-finished, or finished goods. The bank uses this statement to monitor the
Filter your aging report to separate debtors under 90 days from those over 90 days. Input these figures. It includes: Name of the borrowing unit Cash
Net Stock×(100%−Margin%)Net Stock cross open paren 100 % minus Margin % close paren
Follow this process to ensure your stock statement is accepted on the first submission.
Ensure the automated Excel formulas generate a DP value that covers your current outstanding balance to avoid account tagging issues. Common Mistakes to Avoid