The Canara Bank Stock Statement Form NF1003 (officially titled "Simplified Stock Statement") is a mandatory monthly reporting document used by borrowers to declare their current inventory and receivables for working capital credit limits up to ₹10 Lakhs. Core Function and Purpose
The form is primarily used to calculate the Drawing Power (DP) of an Open Cash Credit (OCC), Packing Credit, or SOCC facility. It ensures that the bank's loan is adequately covered by the value of the stock held by the business.
Periodicity: Usually required by the 7th day of the succeeding month.
Target Users: Small businesses and units with sanctioned limits up to ₹10 Lakhs. Form Content Breakdown
The NF1003 is structured to provide a snapshot of both physical inventory and book debts:
Particulars of Stock: Includes Raw Materials, Work-in-Progress (WIP), and Finished Goods. canara bank stock statement form nf1003 pdf download full
Movement Tracking: Fields for Opening Stock, Purchases/Additions during the period, Sales/Movements, and Closing Stock.
Valuation: Stock must be valued at cost price or market rate, whichever is lower (Finished goods often at cost price).
Receivables: Details of book debts, typically covering those less than 90 days old.
Drawing Power Calculation: Subtracts a specified margin (e.g., 25%) from the total eligible stock and receivables value to determine the usable credit limit. Download and Submission
While Canara Bank offers general account statements via Canara Bank Net Banking, the specific NF1003 physical form is typically accessed through: The Canara Bank Stock Statement Form NF1003 (officially
Online PDF Portals: Digital copies and fillable templates are available on document sharing sites like Scribd and pdfFiller.
Physical Branch: Can be collected directly from your home branch.
E-Submission: Many branches now accept scanned copies via email, though original signed copies may be required for record-keeping. NF 1003 Simplified Stock Statement | PDF - Scribd
I understand you're looking for information about Canara Bank’s Form NF1003 (which is typically a Stock Statement form used for inventory/asset monitoring against cash credit or loan facilities). However, I cannot develop or reproduce an actual bank form or PDF as that would be copyrighted material.
What I can do is provide you with a template outline of what such a stock statement generally contains, plus guide you on where to officially download it. Section A: Borrower Details
| Item Category | Gross Value (₹) | Margin % (Bank's norm) | Net Eligible Value (₹) | | :--- | :--- | :--- | :--- | | Raw Material | 10,00,000 | 25% | 7,50,000 | | Finished Goods | 15,00,000 | 25% | 11,25,000 | | Book Debts (0-90 days) | 8,00,000 | 40% | 4,80,000 | | Drawing Power | 33,00,000 | - | 23,55,000 |
This net DP is what you can withdraw from your cash credit limit.
When filling out the NF1003 form, the borrower must provide a detailed breakup of their current assets and liabilities. The form generally includes the following sections:
Form NF1003 is the standardized Stock and Book Debts Statement prescribed by Canara Bank. It is part of the terms of sanction for working capital limits. By submitting this form, you certify the value of:
The bank uses this data to calculate the Drawing Power (DP) — the maximum amount you can withdraw from your CC/OD account. Failure to submit an accurate NF1003 on time can lead to a reduction in drawing power or penal interest.