Canara Bank Occ Stock Statement Form Download [updated] Jun 2026
The is a mandatory declaration required for businesses utilizing cash credit facilities . It serves as a formal report of inventory status, which the bank uses to calculate the Drawing Power (DP) and assess creditworthiness . Form Downloads & Versions
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.
₹6,00,000 + ₹2,40,000 = ₹8,40,000
Canara Bank OCC Stock Statement Form Download: A Complete Guide Canara Bank Occ Stock Statement Form Download
For each category, you must mention the quantity, rate per unit, total valuation, and the basis of valuation (typically cost price or market price, whichever is lower). 3. Deductions (Unpaid Stocks)
This is the most foolproof method. Canara Bank branches often have a localized format that includes branch-specific codes and headers.
It is primarily secured against the raw materials, work-in-progress (WIP), and finished goods of the business. The is a mandatory declaration required for businesses
Delaying submission past the due date usually triggers a penal interest charge (often 1% to 2% extra) applied to your entire outstanding balance.
Therefore, treat the monthly stock statement with the same seriousness as an EMI payment to maintain a healthy banking relationship.
Once you've obtained the form, follow these steps to fill it out: Section C: Creditors Details Total outstanding balance owed
, please note that this specific physical form is now archived and no longer officially supplied by the bank . Canara Bank has moved to a centralized, digital-first reporting system. Today, the required "form" is the digitally submitted statement, typically in a prescribed Excel or PDF format provided by your branch.
Yes, it is a standard requirement for all borrowers availing of a CC/OCC facility from Canara Bank. The statement is vital for the bank to assess your business's financial health and manage its risk.
Calculate the net value after deducting margins and creditors.