Canara Bank Stock Statement Form Nf 902 Excel Format Free Link

The is a mandatory monthly declaration for businesses holding Cash Credit (CC) or Overdraft (OD) facilities. It provides a snapshot of current inventory and receivables, which the bank uses to calculate your Drawing Power (DP) —the actual amount you can withdraw from your sanctioned loan limit. 📂 Key Components of NF 902

In this post, we provide a complete guide to the , its components, and how to create/use it in Excel.

A spot to list policy numbers and expiry dates (the bank needs to know the stock is covered). Declaration Clause:

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Form NF 902 is Canara Bank’s prescribed stock statement format for reporting inventory/stock positions. The Excel format offers a structured, tabular template for branches and clients to report opening balances, receipts, issues, adjustments, and closing balances for specified reporting periods. It’s designed to simplify reconciliation, regulatory compliance, and internal audit processes.

Source: Adapted from Canara Bank Stock Statement Format (OCC Stock Statement NF 902).

While banks historically accepted handwritten or typed PDFs, using an Excel spreadsheet for your NF 902 submission is highly recommended for several reasons: The is a mandatory monthly declaration for businesses

While banks historically accepted handwritten or printed PDFs, using an has become the industry standard for modern businesses.

Forgetting to deduct Sundry Creditors is the most common reason banks reject stock statements.

Ready-to-sell inventory valued at cost or market price (whichever is lower). A spot to list policy numbers and expiry

Enter quantities and values for each item. Ensure the valuation is based on "Cost or Market Price, whichever is lower".

Ensure the insurance policy for the stock is active, covers the total stock value declared, and names Canara Bank as the hypothecation beneficiary.

Comprehensive Guide to Canara Bank Stock Statement Form NF 902 (Excel Format)

A legally compliant must contain the following columns and sections. Most banks provide a sample format, but if you are creating your own, ensure these fields are present: