Canara Bank Stock Statement Form Nf 902 Excel Format Extra Quality Jun 2026

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This section also tracks goods hypothecated under various facilities.

Including debtors older than the sanctioned period (typically 90 days) will artificially inflate your DP, leading to compliance rejections. canara bank stock statement form nf 902 excel format

: Breakdown of raw materials, work-in-progress (WIP), finished goods, and stores/spares.

:Filter out old invoices based on your sanction criteria (e.g., excluding debtors older than 90 days). Excel Formula: =SUM(Debtors_Under_90_Days_Cells) This public link is valid for 7 days

: If tracking detailed invoice dates, use logical formulas to flag invoices older than 90 days. Guidelines for Accurate Submission

=MIN(Sanctioned_Limit, Computed_DP) to ensure your calculated power never accidentally exceeds your legal bank limit. Common Mistakes to Avoid When Submitting Form NF 902 Can’t copy the link right now

This area handles financial deductions to establish the safe credit ceiling your business can pull against.

Note: If your calculated Drawing Power (₹1,05,000) is lower than your sanctioned limit (e.g., ₹2,00,000), you can only draw up to ₹1,05,000. If your DP is higher than your sanctioned limit, your withdrawals remain strictly capped at your sanctioned limit. Important Rules and Common Mistakes to Avoid

: Borrowers often find the NF 902 "interesting" because it determines how much of their sanctioned loan they can actually use that month. If your stock is low, your "Drawing Power" drops, even if the bank has approved a higher limit.

Form NF 902 is the official stock and debtors statement template mandated by Canara Bank. Borrowers must submit this form monthly or quarterly to declare the value of their inventory and outstanding receivables. Why Form NF 902 Matters