Statement Of Stock Position Form [top] Download: Union Bank Of India

Details of valid insurance policies covering the stock against fire and other risks. Why Regular Submission is Critical

Union Bank of India typically provides these forms through their official portal or at local branches. You can access the relevant sections here:

Stock older than 90 days (or as per your specific sanction terms). Details of valid insurance policies covering the stock

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

To calculate the true Drawing Power, you must subtract: Unpaid stocks (purchased on credit or under LC/LG). Obsolete or "dead" stocks. Stocks must be valued at cost or market

The form requires detailed information about your business inventory as of a specific date. Key sections usually include:

Keeping these statements updated ensures your books match the bank’s records during annual inspections. How to Submit The form requires detailed information about your business

Once you download and fill out the form, it must be signed by an and, in some cases for larger limits, certified by a Chartered Accountant . You can then submit the physical copy to your home branch or upload it via the bank's digital corporate banking portal if enabled. Union Bank of India Download Forms & Applications - Union Bank of India

For businesses and MSMEs maintaining a or working capital facility with Union Bank of India (UBI) , submitting a periodic Statement of Stock Position is a mandatory requirement. This document allows the bank to assess your current inventory and calculate your Drawing Power (DP) . Where to Download the Stock Position Form