The Canara Bank Stock Statement Form NF 902 is a mandatory monthly reporting document for businesses utilizing Cash Credit (CC) or Overdraft (OD) facilities. Banks require this form to verify the value of the inventory (hypothecated stock) and determine your Drawing Power (DP)—the actual amount you can withdraw from your sanctioned credit limit at any given time. Key Components of Form NF 902
Operational Figures: Requires data on gross/net sales and actual production during the period compared to estimates. canara bank stock statement form nf 902 excel format
Drawing Power (DP) Calculation: Total value of eligible stock minus the prescribed margin (e.g., 25%) to determine the net drawing limit. Downloading & Preparation The Canara Bank Stock Statement Form NF 902
Therefore, your Excel format must be accurate, verifiable, and signed by a person authorized as per the board resolution of your company. Calculation of capital gains/losses for each security Total