The , also known as the OCC Stock Statement Cum MSOD , is a mandatory monthly or quarterly document for borrowers holding an Open Cash Credit (OCC) account. It details the borrower's inventory and sales to help the bank calculate the current Drawing Limit based on the value of hypothecated goods . Key Sections of Form NF 902
Including debtors older than the sanctioned period (typically 90 days) will artificially inflate your DP, leading to compliance rejections.
Using an automated Excel template for this process saves time, reduces calculation errors, and ensures your credit limit remains active without penalties. What is Canara Bank Form NF 902?
: The Canara Bank Website usually provides these forms under the "Downloads" or "Customer Corner" section. canara bank stock statement form nf 902 excel format
Captures actual vs. estimated figures for the current year to help the bank assess your business health. Drawing Limit Analysis:
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Using saves time, improves accuracy, and keeps your working capital limit compliant. Whether you are a small trader or a large manufacturer, maintaining a clean digital stock statement helps smooth banking and faster limit enhancements. The , also known as the OCC Stock
While Canara Bank accepts physical copies, providing the NF 902 in an is highly advantageous:
: Borrowers must declare that reported values are accurate and that the inventory is adequately insured. Where to Obtain the Form
Total Computed DP=Stock DP Allocation+Debtors DP AllocationTotal Computed DP equals Stock DP Allocation plus Debtors DP Allocation Using an automated Excel template for this process
Do not include damaged, slow-moving, or obsolete inventory. Banks conduct periodic audits and will penalize discrepancies.
Sign the declaration that the stock is insured and that all figures are accurate. Where to Download Canara Bank Stock Statement NF 902 You can obtain the form from:
Complete Guide to Canara Bank Stock Statement Form NF 902 Excel Format
=IF(AND(Stock_Type="Finished Goods", Age<90), Total_Value*0.75, IF(Stock_Type="Raw Material", Total_Value*0.80, 0)) (Note: Margin percentages vary per sanction letter; always refer to your loan agreement.)
Borrowers enjoying working capital limits like Cash Credit (CC) or Overdraft (OD) against inventory and receivables must submit a stock statement periodically. At Canara Bank, this official declaration is known as . Submitting this form in an Excel format automates calculations, reduces errors, and ensures seamless compliance with banking norms. What is Canara Bank Form NF 902?