For businesses utilizing working capital facilities like Cash Credit (CC) or Overdraft (OD) from the Union Bank of India, submitting a regular is a mandatory compliance requirement. This document, often referred to as a "Stock Statement," acts as a declaration of the inventory, raw materials, work-in-progress, and receivables a business holds, which serves as security for the bank loans.
The statement typically requires the following data points to be filled: 💡 Best Practices for Borrowers Timely submission can
: Prolonged non-submission (typically beyond 3 months) can result in the bank freezing the account, preventing any further debit transactions. 💡 Best Practices for Borrowers and receivables a business holds
Timely submission can sometimes prevent "penal interest" charged for non-compliance. Key Components of the Form preventing any further debit transactions.
Navigate to the or "Useful Forms" section (typically found under the "Corporate Banking" or "MSME Banking" tabs).
Look for the "Useful Tools" or "Download Forms" section, usually located in the footer or under the "Customer Care" tab.