Canara Bank Stock Statement Form Nf1003 Pdf Download New !exclusive!
Canara Bank Stock Statement Form NF1003
The is a simplified reporting document used by borrowers to declare their inventory and book debts. This form is specifically designed for businesses with working capital credit limits up to ₹10 Lakhs , such as Open Cash Credit (OCC) or Packing Credit facilities. Form Overview & Downloads
- Customer's name and address
- Demat account number
- Date of request
- Purpose of request (e.g., to obtain a stock statement)
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| Column | Description | How to Fill | |--------|-------------|--------------| | 1 | Sl. No. | Sequential item numbers | | 2 | Description of Goods | Specific name (e.g., "HR Coils", "Cement", "Rice Paddy") | | 3 | Unit | MT, Kg, Liters, Nos. | | 4 | Quantity | Actual physical count | | 5 | Cost Price (per unit) | Purchase cost excluding GST (if bank specifies) | | 6 | Value (₹) | Multiply Qty x Cost Price | | | Realizable Value | Apply margin (e.g., 80% of cost). Crucial for DP calculation. | canara bank stock statement form nf1003 pdf download new
Only if the accountant is a partner/joint holder. Otherwise, the borrower (proprietor/director) must sign. For large accounts, CA’s separate audit certificate is required in addition to the borrower’s signature. Canara Bank Stock Statement Form NF1003 The is
Borrower Details
The form requires specific data points to validate the security of the loan: : Name, Loan Account Number, and Branch. Inventory Breakdown : Raw Materials : Opening stock, purchases, and closing stock. Work-in-Progress : Goods currently in production. Finished Goods : Ready-to-sell inventory. Customer's name and address Demat account number Date
- [ ] Date is correctly mentioned (last day of previous month).
- [ ] Account number matches the sanctioned limit.
- [ ] Stock valuation is at cost or market value, whichever is lower.
- [ ] Obsolete stock (over 12 months) is excluded.
- [ ] Book debts older than 90 days are shown separately.
- [ ] GSTN of all major debtors (> ₹50,000) is filled.
- [ ] Insurance policy number for stock is mentioned.
- [ ] Signature with full name and designation.
- [ ] Branch manager’s stamp (if submitted in person – for acknowledgment).
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While Canara Bank provides various forms through its Official Website, the specific NF1003 form is often accessible via the following sources: