How to Find BO ID in Upstox?

Do you use Google Pay for online payments? Then don't forget to check out the new 5 offers. Like Upstox provides multiple choices to investors. And keep their account safe by providing a unique BO ID. Therefore, let's understand How To Find BO ID in Upstox.

What is BO ID in Upstox?

BO ID stands for Beneficial Owner Identification Number. A 16-digit demat account number. And the registration is done with CDSL. The full form of CDSL is Central Depository Services Limited. A trader can easily manage the securities. As you know the securities are held in electronic form.

Steps to Find BO ID in Upstox:

1. Open the Upstox App on mobile/web.

2. Enter the 6-digit PIN or login using biometric.

3. Go to the dashboard.

4. Tap on “Profile”.

5. Now tap on “Linked Demat Account”.

So follow the above steps and check BO ID easily.

Also, Check - How To Withdraw Funds from Upstox Account.

Benefits

The following are the benefits of BO ID:

Security: To make sure that the investments of investors are safe and it's useful as well.

Accurate Reporting: Guarantees that the account statements also match.

Unique identification: Identification makes sure that the correct account is doing investments.

Transparency: All the things are transparent between the investor, broker and depository.

Better transactions: Allow the investor to make efficient transactions. Hence it becomes very easy to buy and sell the shares.

Tracking: Investors can easily track and analyse their investment portfolio.

Accountability: Also maintain the accountability of demat accounts.

Conclusion

In conclusion, BO ID helps in user identification. And you can access all the information regarding the demat account. For the security and safety of it is very beneficial. So this is all about How To Find a BO ID in Upstox. If you have any queries then please comment down below.