Canara Bank Occ Stock Statement Form Download

How to Download Canara Bank OCC Stock Statement Form Online
If you are a customer of Canara Bank and you have availed an overdraft facility against your current account, you may need to submit a stock statement form every month. This form shows the details of your inventory, receivables, and payables, and helps the bank assess your creditworthiness and repayment capacity. In this article, we will show you how to download the Canara Bank OCC stock statement form online and fill it correctly.

What is Canara Bank OCC Stock Statement Form?
Canara Bank OCC stock statement form is a document that you need to submit to the bank if you have taken an overdraft facility against your current account. OCC stands for Overdraft against Current Account. This facility allows you to withdraw money from your current account up to a certain limit, which is determined by the bank based on your business turnover and financial statements.

canara bank occ stock statement form download
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The OCC stock statement form is a way of reporting your business activity to the bank. It contains information such as:


The value of your stock-in-trade, including raw materials, work-in-progress, finished goods, and goods in transit.
The amount of your receivables, including bills receivable, sundry debtors, and advances.
The amount of your payables, including bills payable, sundry creditors, and loans.
The margin percentage and drawing power for each category of stock and receivables.

The bank uses this information to calculate your drawing power, which is the maximum amount that you can withdraw from your overdraft account. The drawing power is usually a percentage of the value of your stock and receivables, minus the margin. The margin is the amount that the bank keeps as a security for the overdraft facility.

How to Download Canara Bank OCC Stock Statement Form Online?
You can download the Canara Bank OCC stock statement form online from the official website of the bank. Here are the steps to follow:


Visit the Canara Bank website at https://www.canarabank.com/.
Click on the "Downloads" tab on the top menu bar.
Select "Forms" from the drop-down menu.
Scroll down to find the "OCC Stock Statement" form under the "Current Account" section.
Click on the "Download" button to save the form in PDF format.

You can also access the form directly from this link: https://www.canarabank.com/media/13291/occ-stock-statement.pdf.

How to Fill Canara Bank OCC Stock Statement Form?
Once you have downloaded the Canara Bank OCC stock statement form, you need to fill it with accurate and updated information. Here are some tips to help you fill the form correctly:


Use a black or blue pen and write in clear and legible handwriting.
Fill in all the mandatory fields such as your name, account number, branch name, date, etc.
Enter the value of your stock-in-trade in column A. You can use the cost price or market price, whichever is lower. You can also attach a separate sheet with the details of your stock valuation method and inventory list.
Enter the amount of your receivables in column B. You can use the invoice value or realizable value, whichever is lower. You can also attach a separate sheet with the details of your receivables aging analysis and ledger accounts.
Enter the amount of your payables in column C. You can use the invoice value or due date value, whichever is higher. You can also attach a separate sheet with the details of your payables aging analysis and ledger accounts.
Enter the margin percentage for each category of stock and receivables in column D. The margin percentage is usually specified by the bank in your overdraft agreement. If not specified,


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