Bo id means: BO ID or Beneficial Owner Identification Number

BO ID or Beneficial Owner Identification Number is a unique 16-digit number assigned to individuals who hold a Demat account with CDSL (Central Depository Services Limited). It acts like an account number for your Demat account and is essential for identifying and managing your securities in electronic form. This BO ID is used in various transactions, including buying, selling and pledging shares. In this article, we will look at the meaning of a BO ID and how to find your BO ID , in detail. BO ID is a unique identifier assigned to each investor who opens a demat account with a depository. The Central Depository Services Limited (CDSL) and the National Securities Depository Limited (NSDL) are India's two central depositories. BO ID - Each demat account with CDSL is given a different number, which is known as the Beneficial Owner Identification number. Know their meaning , dp id & more at our knowledge centre.