In this section, = Opening Balance + Stock "In" – Stock "Out".
Imagine opening an Excel file named Canara_Bank_NF902_Mar2025.xlsx . It looks like this:
: Description of commodity, quantity, unit rate, and total value. canara bank stock statement form nf 902 excel format
The , also known as the OCC Stock Statement Cum MSOD , is a mandatory monthly or quarterly document for borrowers holding an Open Cash Credit (OCC) account. It details the borrower's inventory and sales to help the bank calculate the current Drawing Limit based on the value of hypothecated goods . Key Sections of Form NF 902
Here is a step-by-step guide to filling the Canara Bank stock statement form NF 902: In this section, = Opening Balance + Stock
| A | B | C | D | E | F | G | |---|---|---|---|---|---|---| | | Particulars / Item Name | Unit | Opening Stock (Qty) | Purchases (Qty) | Sales (Qty) | Closing Stock (Qty) |
This comprehensive guide explains everything you need to know about Form NF 902, why an Excel format is essential for your business, and how to fill it out accurately to avoid account freezing or penal interest. What is Canara Bank Form NF 902? The , also known as the OCC Stock
Some common issues businesses face while using the NF 902 form include:
Valuation based on landed cost or market value (whichever is lower).
: The specific godown or warehouse address where items are stored. 📥 Where to Find & How to Submit
Use a formula to deduct the bank's margin (e.g., Total Net Stock * 0.75 ) to find your permissible drawing limit.