The Union Bank of India Statement of Stock Position form is an essential document for businesses that have a current account or a cash credit account with the bank. By downloading and filling out the SSP form, businesses can maintain transparency in their stock levels, improve their creditworthiness, and facilitate inventory management. We hope that this article has provided you with a comprehensive guide on how to download and use the Union Bank of India Statement of Stock Position form.
For Union Bank of India (UBI), a "Statement of Stock Position" is a critical document for businesses with Cash Credit (CC) Overdraft (OD) facilities. It is used to determine your Drawing Power (DP) based on the inventory you hold. 📄 Union Bank of India Stock Statement Form
Your final accessible Drawing Power can never exceed your total Sanctioned Loan Limit. If your calculated DP is ₹80 Lakhs but your sanctioned limit is ₹1 Crore, you can only draw up to ₹80 Lakhs. Best Practices for Seamless Compliance The Union Bank of India Statement of Stock
Provide your specific Cash Credit or Overdraft account number.
The Union Bank of India Statement of Stock Position is a mandatory financial declaration submitted by a borrower enjoying working capital credit facilities against the security of hypothecated stocks and book debts. Why Banks Require It For Union Bank of India (UBI), a "Statement
: Visit the Union Bank of India official portal under the "Downloads" or "Forms" section. Look for "Working Capital Documents" or "Stock Statement Format."
Generally, Union Bank of India considers book debts up to as eligible assets for Drawing Power. Any receivables older than 90 days are considered risky and are excluded from the calculation unless specifically relaxed in your loan sanction letter. Do I need to submit bills and invoices along with the form? If your calculated DP is ₹80 Lakhs but
If your asset value spikes significantly past your active insurance policy cover, update your policy immediately. Banks will cap your DP valuation up to the maximum insured amount.
💡 Keep a digital folder of all submitted statements. This makes it much easier when it comes time for your annual loan renewal or enhancement.
Union Bank Stock Statement Template (Detailed breakdown of materials, insurance, and book debts).
Submitting a monthly Stock Statement is a mandatory compliance requirement. It helps the bank monitor the health of your business inventory and receivables. If you have been searching for the official , you are in the right place.