The form is a standard "OCC Stock Statement cum MSOD" (Monthly Selection of Operational Data) required by the bank to assess the creditworthiness of a business and determine its monthly drawing limits. Essential Components of Form NF 902

: Subtracts "Excluded Categories" (like stocks purchased on credit or slow-moving items) and applies a bank-mandated margin (typically 25%) to the total value.

Form NF 902 is Canara Bank’s prescribed stock statement format for reporting inventory/stock positions. The Excel format offers a structured, tabular template for branches and clients to report opening balances, receipts, issues, adjustments, and closing balances for specified reporting periods. It’s designed to simplify reconciliation, regulatory compliance, and internal audit processes.

Disclaimer: This format is a standard representation based on Canara Bank’s prescribed guidelines. Always confirm with your branch for any recent changes to NF 902.