Total Stock Value – Unpaid Stock (Creditors) = Net Paid Stock.
based on your current stock and debtor figures. Draft the statutory dues declaration section. canara bank stock statement form nf 1003
Many borrowers show the same stock for 3 consecutive months. Canara Bank’s system automatically flags this as "Stagnation." If flagged, they will reduce your limit by 20%. Total Stock Value – Unpaid Stock (Creditors) =
If you have a CC/Working Capital limit with , remember: ✅ Submit Form NF 1003 by the 7th of every month. ✅ Exclude stock > 180 days old. ✅ Ensure cost includes GST (Input credit adjusted). ✅ Cross-check with GSTR-1 before signing. Many borrowers show the same stock for 3 consecutive months
If you have a CC/OD facility against stock with , you must submit Form NF 1003 monthly. Here is your quick checklist to avoid loan rejection:
Insurance DetailsThe form requires you to confirm that the stock is fully insured against fire, theft, and other risks, with the bank's name noted as the beneficiary (Hypothecation Clause). How to Calculate Drawing Power (DP)