Canara Bank Stock Statement Format - Pdf

| Mistake | Consequence | | :--- | :--- | | | Inflated stock value; the bank applies a cash margin. Always use cost or market value, whichever is lower. | | Not segregating Raw vs. Finished goods | The bank’s margin varies by stock type (e.g., 25% on RM, 40% on FG). Mixing them will wrong calculation. | | Including obsolete/damaged stock | The field officer may reject the entire statement. Explicitly exclude stock >12 months. | | Missing insurance declaration | Canara Bank requires a fire and burglary insurance policy copy attached. Without it, stock is not considered. | | Late submission | Delaying beyond the 15th of the following month can trigger a penal interest or stop payment facility. |