: Used for most Open Cash Credit (OCC) accounts to report inventory details, including quantity, unit price, and total value. Download NF 902 via Scribd NF 1003 (Simplified Stock Statement)
| Field | Details | | :--- | :--- | | Name of the Party | [Your Firm Name] | | CC/OD Account No. | [17-digit Loan Account Number] | | Nature of Business | (e.g., Manufacturer/ Trader) | | Date of Inspection | [Recent date by Bank Official] |
: Contains the comprehensive stock and debtors declaration pages within the standard credit renewal kit. Key Components of the Stock Statement Format canara bank stock statement format pdf link
: A concise format capturing quantity, rate per unit, and total value for different stock categories Format Structure & Key Details
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. : Used for most Open Cash Credit (OCC)
No. A stock audit is a detailed, on-site inspection of your stock, usually conducted annually by an auditor appointed by the bank. A stock statement is a self-declared monthly report submitted by you, the borrower. They serve different purposes. Some CAclubindia posts provide formats for full "stock audit reports," which are distinct from your regular monthly stock statement.
Available for download on Scribd or DocHub . Key Components of the Stock Statement Format :
Canara Bank typically uses standardized forms like or NF-540 for these declarations. While these are often available as fillable templates on third-party sites like pdfFiller and DocHub , it is recommended to obtain the latest version directly from the Canara Bank Download Center or your home branch to ensure compliance with the most recent regulations. What to Include in the Statement
Submit the form to the Canara Bank branch along with a covering letter, if required. Frequently Asked Questions (FAQs) What is NF 902 in Canara Bank?
Enter the precise quantities of Raw Materials, Work-in-Progress, and Finished Goods.
Value stocks at the lower of cost or market price (invoice rate or contract rate).