Avoid counting items that are already financed via specific Letters of Credit (LC) or Bills Discounting.
Q: Can I download the SSP form for a specific date range? A: Yes, you can usually select a specific date range for which you want to download the SSP form.
A standard Union Bank of India stock position statement includes the following critical sections: Inventory Breakdown Raw Materials
Union Bank of India Statement of Stock Position Form: Download and Guidelines Avoid counting items that are already financed via
Ensure all declared stock is fully insured against fire, theft, and natural calamities. The insurance policy must carry a Bank Clause naming Union Bank of India as the primary beneficiary. Write your current policy validity date clearly on the form.
Note: As of the current financial year, Union Bank of India has merged with Andhra Bank and Corporation Bank. Ensure the form you download has the new UBI logo (three intersecting arrows) and not the legacy logos.
₹2,000,000 minus 40% margin = ₹1,200,000 A standard Union Bank of India stock position
Q: How often is the SSP form updated? A: The SSP form is typically updated on a regular basis, usually on a monthly or quarterly basis.
If your credit limit includes a component for "Book Debts" (bills receivable), you must provide a detailed list of money owed to you by clients. This section requires an ageing analysis: Receivables under 30 days Receivables between 30 to 90 days
: The figures declared in your monthly statement must align with your physical inventory, as bank officials or external auditors perform random spot inspections. To help tailor the next steps, tell me: Note: As of the current financial year, Union
If your stock value falls, your Drawing Power will drop. If your outstanding loan balance is higher than your new Drawing Power, your account will show a "DP Deficit." You will need to immediately deposit funds into the account or bring in fresh stock to clear the deficit.
Download Forms & Applications – Union Bank of India. Looking For Something Specific? Accounts & Deposit. Loan. Union Bank of India Download Forms & Applications - Union Bank of India
: For broader credit applications, use the Union Bank MSME Form .
: Never forget to deduct unpaid inventory. Banks conduct periodic stock audits, and hiding sundry creditors is treated as a serious compliance breach.