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What is BO ID in Share Market

What is BO ID in Share Market

Why do I need a BO ID?

A BO ID (Beneficial Owner Identification Number) is a 16-digit Demat account number registered with CDSL. Each broker/platform account has a different BO ID, but when you verify via TPIN linked to one Demat account, all holdings in that Demat account are verified to be sold. You can find your BO ID in your personal details under DP ID.

Sample BO ID: 

1

3 0 9 1 4 0 0 0 0 0 1 2 3 4

5

 

What is BO ID?

A BO ID is the Demat account number of customers. It is a 16-digit number that combines DP ID (Depository participant identification number) with a customer's Demat account number. By visiting the profile section of the website, you can find your BO ID on your Demat account statements

It consists of 16 digits, with the first 8 representing DP ID with CSDL and the last 8 representing the client ID. When you open an account, you will receive your DP ID. 

What are the steps to check BO ID on Upstox?

Please follow the below steps to check BO ID on Upstox:

Step 1: Visit the Upstox official website: www.upstox.com

Step 2: Sign into your a/c and proceed to the dashboard

Step 3: After logging to the dashboard, on the top right corner click on your name and then on the my profile button.

Step 4: Proceed to the ‘Linked Demat account’ section for details. 

How do I obtain the Upstox DP ID?

DP ID and Client ID are 8 digits each and are combined into a 16-digit Demat account number. The first digits of your Demat number is the DP ID, also known as Depository Participant ID. You will receive a DP ID once you open a demat account with Upstox.

Steps to check DP ID:

Step 1: Visit the Upstox official website: www.upstox.com

Step 2: Sign in to your account

Step 3: On the top right corner using the down arrow next to your name, click on 'My profile'

Step 4: Check the ‘Linked Demat account’ section for DP ID 

Does Upstox fall under the CSDL or NSDL?

As a Depository Participant of CDSL, Upstox has a DP ID of 81800 (Check RKSV CDSL membership details). Your Demat account is held by two central depositories in India: CDSL and NSDL. Unlike banks, stock brokers such as Upstox serve merely as intermediaries between customers and central depositories.

Note: Upstox had a membership of IL&FS before obtaining a CDSL membership. IL&FS is a member of the NSDL. Some Upstox clients may still be using IL&FS NSDL accounts, even though most customers have moved to Upstox DP.

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