What is BO ID in Zerodha?
The BO ID (Beneficiary Owner Identification Number) in Zerodha is a Demat account number of the customer. It is an 8-digit number to identify a unique Demat account number provided by CDSL (the depository) at the time of account opening.
Every individual who opens an account with Zerodha gets their unique BO ID which consists of 16 digits.
The first 8 digits are DP ID and the remaining 8 digits are the unique identification number of the client.
This BO can be used to interact with the brokers for any queries, transfer shares from one Demat account to another, apply IPOs, or track your holdings, as it ensures accurate and secure record-keeping of your transactions with BO ID in Zerodha.
If you are looking to transfer shares from Upstox to Zerodha, you can follow our step-by-step guide here: How to Transfer Shares From Upstox To Zerodha Online
How do I find my 16-digit BO ID?
You can easily find your 16-digit BO ID in your Demat account under the accounts and profile sections.
Here is our step-by-step process to find BO ID in Zerodha, Upstox, and Groww.
Zerodha
How to find BO ID in Zerodha?
Many people get confused about How to find BO ID in Zerodha. Here are the simple and quick steps to get BO ID in Zerodha:
Step 1. Login to the Zerodha Kite Website or Mobile App by clicking here https://kite.zerodha.com/ with user ID and password.
Step 2. After login, click on the top right corner of the screen where you will see your profile ID. Click on that, your profile page will open.
Step 3. Here, you will see the Demat (BO) section and you will find your 16-digit BO ID. It consists of your DP ID and your customer ID. The first 8 digits of that number are your DP ID and the next 8 digits are BO ID. The DP ID is the same for all the Zerodha users, whereas the BO ID is different for everyone.
Step 4. Check your BO ID. This is your 8 – 8-digit number CDSL BO ID to use for CDSL easiest.
Let’s compare brokers: Groww vs Zerodha Broker Comparison | Is Zerodha Better Than Grow?
Read More About Zerodha
Upstox
How to find BO ID in upstox?
Step 1: Log in to the Upstox app using your 6-digit PIN or Biometrics.
Step 2: Click on ‘Account’ at the bottom of the screen, and then click on ‘My Account’.
Step 3: Click on the ‘Profile’ page. Here, you will find the 16-digit Demat account number. The last 8 digits are your BO ID of Upstox.
Also Check: How to Close Upstox Account?
If you want to start trading with Upstox, Here is my complete guidance, How To Do Intraday Trading in Upstox 2023? (New App) | Upstox Me Trading Kaise Kare
Groww
How to find BO ID in Groww?
Step 1: Log in to your Groww account.
Step 2: Click on the “Profile” on the top of the right side.
Step 3: In Basic Details, you will see your Demat account number.
If you want to start trading with Groww, Here is my complete guidance, How to Do Intraday Trading in Groww App 2023 | Groww App Se Intraday Trading Kaise Kare
Other Demat Terms You Should Know
Few other terms related to Demat account that every Demat account holder should know:
What is DP’s name?
The Depository Participant (DP) name is the name of the broker to whom you have opened a demat and trading account, such as Zerodha, Upstox, Groww, etc.
What is DP ID?
The DP ID is the identification number of the Depository Participant (DP), eg. Zerodha here, where the demat account is maintained. The DP ID remains the same for all the users. For example, the DP ID for all Zerodha customers is 12081600.
What is a demat ID?
The demat ID is a 16-digit number. It is a combination of the DP ID and the BO ID. It can be used to transfer shares from one demat account to another, apply IPOs, or track your holdings.
Conclusion
As a Zerodha user, I have always been focused on executing trades and monitoring my portfolio. However, it wasn’t until I needed to transfer some of my holdings to another brokerage that I realized I needed my BO ID. Hope you are now able to find your BO ID in Zerodha easily.
Frequently Asked Questions
What is a Demat account?
Demat account is the platform where an individual’s financial securities such as stocks, bonds, mutual funds, exchange-traded funds (ETFs), and other investment instruments.
What is the Demat account number?
A Demat account digit is a 16-digit unique number given by a broker. It is provided at the time of opening a demat account and used specifically for tracking and managing your securities in electronic form.
Where can I find my Bo ID in Zerodha?
To find your BO ID in zerodha, log in to the kite console, click on account, then click on Demat. Here it is your 8-digit BO ID (last 8 digits).
What are the charges to open Demat account in Zerodha?
Zerodha charges Rs. 200 to open a demat and trading account and AMC on Rs. 300 yearly.
