Union Bank Of India Statement Of Stock Position: Form //top\\ Download

At the bottom of the form, you must sign a declaration stating:

The statement is a monthly self-declaration by you. A stock audit is a third-party verification done by a bank-empaneled auditor once or twice a year.

If you still cannot locate the exact form, do not hesitate to visit your home branch. The relationship manager will provide you with the most current format. Remember, in banking, compliance is not just about avoiding penalties—it is about maintaining a healthy credit record that allows your business to grow. At the bottom of the form, you must

: Subtract unpaid stock and old stock (over 90 days) from the total value. Apply the bank’s prescribed margin (e.g., 25%) to arrive at the Net Drawing Limit.

: The bank uses this statement to determine the actual amount you can withdraw from your sanctioned limit. Collateral Verification The relationship manager will provide you with the

cap D cap P equals open paren Total Eligible Stock Value minus Margin Percentage close paren

Union Bank of India (UBI), with its vast network and digital initiatives, requires borrowers to submit stock statements regularly—usually on a monthly or quarterly basis. Failure to submit this form on time can lead to several repercussions: Apply the bank’s prescribed margin (e

: Obtain the latest PDF or Word format from the UBI Forms section or your local branch.

Details of the insurance policy covering the stock, including expiry dates and the Bank Clause. Declaration

A valid stock statement for Union Bank must include specific details to be accepted for Drawing Power calculation: