Union Bank typically excludes debtors older than 90 or 180 days (as per your specific loan sanction letter) when calculating Drawing Power. 3. Creditors / Unpaid Stocks (Sundry Creditors)
Locate the link to save an editable Excel or PDF copy directly to your device. 3. Branch Procurement Visit your dealing Union Bank of India branch.
You must categorize debtors by age (e.g., less than 90 days, 90–180 days, and above 180 days).
: You must subtract unpaid stock (creditors) and stock older than 90 days as these do not rank for Drawing Power.
Log into your Union Bank or the Vyom Mobile App . Navigate to Loans/MSME Services . Union Bank typically excludes debtors older than 90
Union Bank provides official forms through its corporate portal. Here is how to find it: Visit unionbankofindia.co.in.
Union Bank of India has centralized most of its forms on its corporate website. Follow these steps:
Visit the official portal: .
Metric tons, pieces, liters, etc.
If the bank’s website search is failing you, simply request your branch to email you the Most branches have a master soft copy they can share instantly.
Submit the form by the 7th to 10th of every month reflecting the closing balances of the previous month.
: Specific addresses of godowns or storage locations where the stock is held.
Security & Authenticity
While you cannot simply click a universal link to download the "Union Bank of India Statement of Stock Position Form" from the bank's homepage, obtaining it is a simple and well-defined process. For a new business, the most reliable step is to work directly with your branch manager to get the correct format. For established customers, the future is increasingly digital, and the Union Parivar internet banking portal is becoming the primary channel for this task.
The most critical ongoing requirement is the timely submission of the (also known as the Stock Statement). This document serves as a financial health check, verifying that the value of your business inventory and debtors justifies the funds you are borrowing.
Consumables used during regular production. 3. Mandatory Deductions
Filing the Union Bank of India stock statement is not just a bureaucratic formality; it is a strict legal and financial covenant of your loan agreement. : You must subtract unpaid stock (creditors) and
MINUS: Bank Margin on Debtors (e.g., 40%)MINUS: Bank Margin on Debtors (e.g., 40%)
