: Quantity, rate, and total value of unprocessed stock.
This article provides a direct link to the , a step-by-step filling guide, and critical submission rules.
Union Bank of India has centralized most of its forms on its corporate website. Follow these steps:
Securing a working capital loan, such as a Cash Credit (CC) or Overdraft (OD) facility, is a vital step for businesses managing daily operational cash flows. If you bank with Union Bank of India (UBI), you must submit a monthly statement of your stock and debtors to maintain your credit line. : Quantity, rate, and total value of unprocessed stock
A Stock Statement is a formal document submitted to the bank by a borrowing business. Its primary purpose is to inform the bank about the total value of the stock (inventory of raw materials, work-in-progress, finished goods) and book debts (money owed by customers) available to serve as security against a loan facility. This statement is critical for monitoring the — the maximum amount a borrower can withdraw from their CC/OD limit. The DP is calculated by subtracting the bank's stipulated margin requirement from the total value of stock and book debts. It is a crucial tool for the bank to manage risk by ensuring the loan is always adequately collateralized.
📥 Direct Download Link for Union Bank Stock Statement Form
If you need a standard (transaction history) rather than a stock position form, use these methods: Union Bank Stock Statement Format | PDF - Scribd Follow these steps: Securing a working capital loan,
: Goods received on credit or under letters of credit (LC) that are not yet paid for. Obsolete Stock
Union Bank of India typically requires this form to be submitted at regular intervals (monthly, quarterly, or half-yearly) depending on the size of the credit facility. Failure to submit the stock statement on time can lead to:
The document must be signed by the authorized signatory of the business and stamped. Its primary purpose is to inform the bank
. These formats match the standard UBI requirement for describing pledged goods. Union Bank of India 2. Key Sections to Fill
Policy expiration dates and specific risk cover details (e.g., fire, burglary, or riot coverage). Step-by-Step Guide to Calculating Drawing Power (DP)
: Policy number, expiry date, and confirmation that the bank’s interest is noted.
You must list the amounts owed to your business by customers. The form requires an , grouping debtors into categories such as: Debtors less than 90 days old. Debtors between 91 and 180 days old.