Visit your home branch where the CC/OD account is maintained. Request the officer in charge of the Credit Department for the Stock Statement form.
Canara Bank usually only considers debtors younger than 90 days (or as specified in your loan sanction letter) for Drawing Power calculations. Section C: Creditors Details Total outstanding balance owed to raw material suppliers.
| Source | Method | Format | |--------|--------|--------| | Canara Bank Website | Downloads → Loan Forms | PDF / Excel | | Internet Banking | e-Corp → e-Forms | Excel | | Branch | Request branch manager | Excel / Word | | Direct search | Google: "Canara Bank stock statement format filetype:pdf" | PDF | Canara Bank Occ Stock Statement Form Download
Once you've obtained the form, follow these steps to fill it out:
Disclaimer: Banking forms and procedures are subject to change. Always verify the specific format required by your local Canara Bank branch before submission. Visit your home branch where the CC/OD account is maintained
Gross Value of Eligible Stock [Minus] Unpaid Stock / Creditors ================================= = Net Eligible Stock Net Eligible Stock x (100% - Margin %) = Stock DP Eligible Book Debts x (100% - Margin %) = Debtors DP Total Drawing Power = Stock DP + Debtors DP
Whether you run a small trading unit or a medium-scale manufacturing firm, the stock statement is mandatory for three main reasons: Section C: Creditors Details Total outstanding balance owed
: Business users can often find and download necessary compliance forms by logging into their Canara Bank Net Banking portal.