What is BO ID in Groww?

If you're using the Groww app to invest in the stock market and you’ve come across a strange term called BO ID, you might be wondering, "What is this ?". Each Groww account has a unique BOID. Learn what BOID is in Groww and how to find it by following our step-by-step guide.

What is the BO ID in Groww?

BO ID stands for Beneficial Owner Identification Number. It’s a 16-digit number that acts like the address of your demat account. Just like your Aadhaar number identifies you, your BO ID identifies your stock holdings. It tells CDSL (India’s stock depository) which shares belong to you. Every Groww account that has a trading and demat setup gets one unique BO ID.

How to Find BO ID in the Groww App?

Your BO ID (Beneficial Owner Identification Number) is registered with CDSL by Groww’s Depository Participant (DP) when your demat account is created. This 16-digit number is important for IPOs, TPIN verification, and share-related actions. Follow these easy steps to find your BO ID in the Groww app:

1. Open the Groww app on your mobile/web browser.

2. Tap “Profile”.

3. Tap “Account Details”.

4. The Demat Account Number/BOID option will be shown.

So this is how you can find your BOID number on Groww. You can use it for authentication and verification.

Also, check out: How to Do Intraday Trading On Groww App

Why Is BO ID Important?

Your BO ID helps deliver your shares to your demat account safely, just like how your home address helps deliver a parcel. You’ll need your BO ID for:

Getting IPO allotments.
Transferring shares to/from other brokers.
CDSL TPIN verification (for security).
Verifying your demat account for trades.

How to Use BO ID for IPO Applications?

If you're applying for an IPO using Groww, the company needs to know where to send your shares if you get the allotment. That’s where your BO ID comes in. Simple IPO flow:

Apply for IPO on Groww using UPI.
Enter the BO ID when asked.
If allotted, shares are sent to your demat account via BO ID.

Conclusion

In conclusion, BO ID in Groww is just your demat account number that helps manage your shares safely. Whether you're buying stocks or applying for an IPO, your BO ID is like your stock-world Aadhaar number.