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
Union Bank of India typically provides these forms through their official portal or at local branches. You can access the relevant sections here: You can access the relevant sections here: For
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 Obsolete or "dead" stocks
To calculate the true Drawing Power, you must subtract: Unpaid stocks (purchased on credit or under LC/LG). Obsolete or "dead" stocks.
Details of valid insurance policies covering the stock against fire and other risks. Why Regular Submission is Critical
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