For businesses and MSMEs maintaining a Cash Credit (CC) or working capital facility with Union Bank of India (UBI), submitting a periodic Statement of Stock Position is a mandatory requirement. This document allows the bank to assess your current inventory and calculate your Drawing Power (DP). Where to Download the Stock Position Form
Inventory Details: Breakdown of raw materials, work-in-progress (WIP), and finished goods. For businesses and MSMEs maintaining a Cash Credit
A Statement of Stock Position (SSP) form is a document that provides a comprehensive report of a customer's stock holdings and transactions in their Demat account. The SSP form typically includes details such as: Name of the Unit: Write the exact name
For Union Bank of India (UBI), a "Statement of Stock Position" is a critical document for businesses with Cash Credit (CC) Overdraft (OD) facilities. It is used to determine your Drawing Power (DP) based on the inventory you hold. 📄 Union Bank of India Stock Statement Form For Union Bank of India (UBI), a "Statement
How to download the Statement of Stock Position form from Union Bank of India?
A Statement of Stock Position (SSP) form is a document that provides a detailed report of a company's stock levels, including the quantity of goods held in stock, their value, and other relevant information. The SSP form is used by businesses to report their stock position to their bank, which helps the bank to assess the company's creditworthiness and provide them with necessary financing facilities.
Post-COVID and with the digitization of Union Bank, you have two options for submission: