: Banks apply a "margin" (often around 25%) to the total value of your stock. For example, if you have eligible stock worth ₹100, and the margin is 25%, your Drawing Power would be ₹75. Common Form Numbers :
: Some branches may use the NF-540 format for specific types of OCC accounts. Canara Bank Occ Stock Statement Form Download
If you have a or Open Cash Credit (OCC) facility with Canara Bank , you are required to submit a monthly stock statement to maintain your drawing power. The bank uses this form to monitor the value of your inventory and ensure it covers the loan amount. Forms for Download : Banks apply a "margin" (often around 25%)
"I/We hereby declare that the stocks and book debts detailed above are free from any charge, encumbrance, or hypothecation other than in favor of Canara Bank. The stocks are physically available at the address specified to the bank. The book debts are genuine and recoverable." If you have a or Open Cash Credit
: Disclosure of trade creditors (stock purchased on credit), insurance details, and a formal declaration of accuracy. How to Fill the Form Accurately