Keeping these statements updated ensures your books match the bank’s records during annual inspections. How to Submit
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
Stocks must be valued at cost or market value, whichever is lower . Keeping these statements updated ensures your books match
The form requires detailed information about your business inventory as of a specific date. Key sections usually include:
Union Bank of India typically provides these forms through their official portal or at local branches. You can access the relevant sections here: Where to Download the Stock Position Form Stocks
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For small and medium enterprises, check the MSME Application Details section for specific review formats. You can access the relevant sections here: Download
Once you download and fill out the form, it must be signed by an and, in some cases for larger limits, certified by a Chartered Accountant . You can then submit the physical copy to your home branch or upload it via the bank's digital corporate banking portal if enabled. Union Bank of India Download Forms & Applications - Union Bank of India