Verify that the borrower has sufficient stock to cover the borrowed amount.
The form requires detailed inventory data as of a specific date to determine the value of the bank's security: Required Information Basic Details Verify that the borrower has sufficient stock to
Subtract your current Sundry Creditors from the sum of your total stock and eligible book debts. If it does, request an endorsement from your
Ensure that the total value of the stock declared in Form NF1003 does not exceed the sum insured in your active fire and burglary insurance policies. If it does, request an endorsement from your insurer immediately. Search for or "Stock Statement Format" to download
: Banks provide working capital loans against the security of your business inventory and receivables. Because inventory levels fluctuate daily, Form NF1003 serves as a monthly snapshot to ensure that the value of the bank's security covers the money you borrow.
Search for or "Stock Statement Format" to download the official PDF. Method 2: Via Canara Bank Internet Banking (NetBanking)