What is BO ID in Zerodha?

BO ID stands for Beneficiary Owner Identification number, as it is an 8-digit number given by CDSL to uniquely identify your demat account, so this number acts like your account number within the depository system. Here, we will learn what BO ID is in Zerodha.

BO ID is 8-digit, but the overall demat account ID is a 16-digit number, which is a combination of your DP ID and BO ID, given to every demat account holder.

How to Find Your BO ID in Zerodha?

Here are the step-by-step guidelines on how to find your BO ID in Zerodha:

1. Open the Zerodha App.

2. Tap on the profile icon.

3. Click on the profile option.

4. Now you can see your Demat (BO ID) on your screen.

How to Find Your BO ID on the Zerodha Desktop Web?

Here are the given step-by-step guidelines on how to find your BO ID on the Zerodha desktop website:

Go to the official website of Zerodha.

Enter your password and tap on the login button.

Now, enter the mobile app code and tap on the Continue button.

Tap on the User ID icon.

Now, tap on your name.

Here, you can view your BO ID through the official website.

Use of BO ID in Demat Account

BO ID is vital for numerous demat-related activities, including:

You can reset your CDSL TPIN.
You can apply for Initial Public Offerings (IPOs).
You can also authorize your holding for specific transactions.

For example, imagine you buy a share of a company. Instead of receiving physical certificates, the share is securely kept in a digital locker, known as a demat account. The BO ID is like a key to that locker, helping you track, buy, and sell your shares safely and securely.

What is the importance of BO ID?

There are many reasons why the BO ID is important for an investor or trader:

With the help of your BO ID, you can track all the securities you hold in your Zerodha account and ensure easy access to your holdings.
The BO ID acts as a unique identifier because every trade you make in the stock market, so whether you are buying or selling, is settled through your demat account.
When a company announces a dividend, corporate action, or bonuses, the benefits are credited to the demat account linked to your BO ID.

Conclusion

In conclusion, the BO ID is important for managing the investments and securities in your demat account. Knowing what a BO ID is in Zerodha is necessary because it helps you trade more easily.

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Saniya

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