If you cannot find a file specifically named "NF1003.pdf", please use the standard Stock Statement Form available on the Canara Bank e-Forms page . The branch will accept this standard format as it contains all necessary fields (Stock in hand, Creditors, Debtors, Drawing Power calculation).
Your loan limit may be ₹50 Lakhs, but if your stock value drops, your Drawing Power drops accordingly. The bank adjusts this limit monthly based on Form NF1003.
: Sum of raw materials, WIP, finished goods, and eligible receivables.
The Canara Bank stock statement form NF1003 is a standardized form used to request a statement of shares held in a demat account or a physical stockholding account. The form is designed to capture essential details such as account holder's name, account number, and type of account. By submitting this form, customers can obtain a statement of their shareholdings, which can be useful for various purposes, including portfolio tracking, tax planning, and loan applications. canara bank stock statement form nf1003 pdf download full
: Deduct the value of damaged, expired, or unsellable stock. Banks will not finance dead inventory. Section B: Sundry Debtors (Receivables)
Ensure your stock is adequately insured, as required by the loan agreement.
This form acts as a declaration of your business's inventory and receivables to determine your "Drawing Power". If you cannot find a file specifically named "NF1003
State the and confirm it is adequately Insured with a valid policy. Submission Requirements NF 1003 Simplified Stock Statement | PDF - Scribd
| | Particulars of Stock | Quantity (Units) | Rate (₹ per unit) | Total Value (₹) | | :--- | :--- | :--- | :--- | :--- | | 1 | Item A | 100 | ₹ 500 | ₹ 50,000 | | 2 | Item B | 250 | ₹ 200 | ₹ 50,000 | | 3 | Item C | 50 | ₹ 1,000 | ₹ 50,000 | | Total Stock Value | | | | ₹ 1,50,000 | | Less: Stock Pledged Elsewhere | | | | ₹ 0 | | Net Stock Value | | | | ₹ 1,50,000 |
: Total value of eligible stock and book debts after excluding unpaid stock. The bank adjusts this limit monthly based on Form NF1003
The NF1003 form requires detailed information, often filled out in "thousands" ( Rs. in ′000Rs. in prime 000 ), including: Name, Account Number, and Branch. Date: The date as of which the stock is reported. Opening Stock: Value at the start of the period. Purchases/Additions: Stock added during the period. Sales/Movement: Stock sold or moved to finished goods.
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After emailing, call your branch to confirm receipt. Many banks "lose" stock statements to freeze drawing power temporarily.
: Name of the borrower, loan account number, branch name, and statement date. Stock Particulars
Non-submission can lead to penalties, reduction in DP, or classification of the loan account as irregular.