Union Bank Of India Statement Of Stock Position Form Download ((top))

The Union Bank of India Statement of Stock Position form is a mandatory document for borrowers using Cash Credit (CC) or Overdraft facilities, used to declare the value of pledged inventory to determine the drawing power. Download Links for Form Formats

  • Description of goods/raw materials.
  • Quantity held.
  • Value of the stock (at cost or market value, whichever is lower).
  • Details of insurance coverage.
  • Details of book debts (receivables).

Be Accurate: Ensure the figures match your physical stock registers and accounting software (Tally, Zoho, etc.). The Union Bank of India Statement of Stock

Critical Compliance: Stock Audit & Signatures

Simply downloading and filling the form is not enough. Union Bank of India has strict signing protocols: Description of goods/raw materials

Valuation: Stocks must be valued at cost or market value, whichever is lower. Be Accurate: Ensure the figures match your physical

  • Book Debts (Receivables): Details of money owed to you by customers (Age-wise: Less than 6 months, More than 6 months).
  • Other Current Assets: Advances to suppliers, cash in hand, etc.
  • Certification: You must declare that the stock is "free from any encumbrance, charge, or lien except in favor of Union Bank of India."

The Union Bank of India Statement of Stock Position form is a mandatory document for borrowers using Cash Credit (CC) or Overdraft facilities, used to declare the value of pledged inventory to determine the drawing power. Download Links for Form Formats

  • Description of goods/raw materials.
  • Quantity held.
  • Value of the stock (at cost or market value, whichever is lower).
  • Details of insurance coverage.
  • Details of book debts (receivables).

Be Accurate: Ensure the figures match your physical stock registers and accounting software (Tally, Zoho, etc.).

Critical Compliance: Stock Audit & Signatures

Simply downloading and filling the form is not enough. Union Bank of India has strict signing protocols:

Valuation: Stocks must be valued at cost or market value, whichever is lower.

  • Book Debts (Receivables): Details of money owed to you by customers (Age-wise: Less than 6 months, More than 6 months).
  • Other Current Assets: Advances to suppliers, cash in hand, etc.
  • Certification: You must declare that the stock is "free from any encumbrance, charge, or lien except in favor of Union Bank of India."