For large limits (e.g., above ₹5 crore), banks may require a stock audit report or CA-certified stock statement.
He clicked the link. A PDF document opened on his screen. It looked official, formatted with the Canara Bank logo at the top. It had columns for:
Ready-to-sell inventory valued at cost or market price, whichever is lower. 2. Particulars of Debtors This tracks the money your customers owe you (Receivables):
Covers book debts and financial standing:
At the bottom of the form, there is a binding declaration clause. By signing this, you officially state that: Canara Bank Stock Statement Form Nf-1003 Pdf Download
Most working capital loans require a monthly submission. However, some small or medium enterprise (SME) accounts with lower loan limits may only require quarterly submissions. Check your specific sanction letter for confirmation. Can I submit a digital copy of the stock statement?
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: The bank may freeze or reduce the amount you can withdraw from your credit account.
If the form is not found online:
Canara Bank NF-1003 Simplified Stock Statement is a specialized form used by borrowers with working capital credit limits (typically up to ₹10 lakhs) to report their inventory and debtors to the bank. You can view or download digital versions of this form from platforms like or fill it out digitally using tools on Essential Details of Form NF-1003 This form is critical for maintaining your Drawing Power (DP)
: Total receivables minus those past the age limit specified in your sanction. Step 4: Insurance Details
Borrowers often need a fresh copy of this form to print, fill out manually, or use as an offline Excel template. Because bank portals update frequently, several reliable avenues are available for acquiring the document:
This is the core inventory section. You must categorize and value your stock based on its current stage of production: For large limits (e
Do not list scrap, damaged, or expired items in your active raw material inventory calculation.
This is the core of the form. You need to list your inventory methodically. Typically, the form will have columns for:
AI responses may include mistakes. For financial advice, consult a professional. Learn more NF 1003 Simplified Stock Statement | PDF - Scribd
Signing this declares that all your statutory dues (like Income Tax and GST) are fully paid and that you hold absolute property rights over the declared stocks. 📌 Best Practices for Filing NF 1003 Simplified Stock Statement | PDF - Scribd It looked official, formatted with the Canara Bank
If you need help calculating based on your current creditor numbers?
Subtract the amount owed to Sundry Creditors from the gross stock value to arrive at the Net Eligible Stock.