Before diving into the "how-to," it is crucial to understand why Union Bank of India insists on this document.
If you need help customizing or reviewing your data before submission, tell me: What is your company's ?
The bank will deduct unpaid stock (creditors) from your total inventory value to calculate the net paid stock. 📐 How to Calculate Drawing Power (DP)
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It ensures the security hypothecated to the bank actually exists and has not degraded in value.
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
Here is the standard mathematical structure applied to your form data: Total Value of InventoryTotal Value of Inventory Before diving into the "how-to," it is crucial
Cost price or market price (whichever is lower).
: For broader credit applications, use the Union Bank MSME Form .
Delayed submission attracts a penal interest rate (usually 1% to 2% per annum ) charged on your total outstanding balance for the period of delay. 📐 How to Calculate Drawing Power (DP) Visit
The form is a mandatory monthly declaration for businesses with Cash Credit (CC) or loan facilities. This document allows the bank to calculate your "Drawing Power" based on the value of inventory currently held as collateral. Download the Form
Securing a working capital facility, such as a Cash Credit (CC) or Overdraft (OD) limit, is a major milestone for any business. However, maintaining that facility requires regular compliance. For borrowers at Union Bank of India (UBI), the most critical recurring compliance task is the submission of the .
Union Bank of India provides official templates for inventory and receivable reporting. You can obtain the official form through three primary methods: 1. Official Union Bank of India Website Visit the official portal. Navigate to the or "Forms" section. You can then submit the physical copy to