The Canara Bank Form NF 902 is a mandatory monthly stock statement required from borrowers who maintain an Open Cash Credit (OCC) account. While the official form is often distributed in PDF format, many businesses prefer an Excel format to automate calculations for Drawing Power (DP), which determines the actual amount they can withdraw from their sanctioned credit limit. Understanding Form NF 902
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. canara bank stock statement form nf 902 excel format
Once you have downloaded the form, you can fill it out in Excel format. Here's a step-by-step guide: The Canara Bank Form NF 902 is a
Frequency: Typically required monthly by a specific date to ensure continuous access to credit limits. A spot to list policy numbers and expiry
Quantity Tracking: Opening stock, items received, items sold/dispatched, and final closing stock units.
Drawing Power @ 75% = ₹1,20,000
A spot to list policy numbers and expiry dates (the bank needs to know the stock is covered). Declaration Clause: