What Is BO ID And How To Find BO ID

A Demat account is a dematerialized account type that is used to hold securities such as stocks, bonds, options, currency, and mutual funds in electronic form. It helps in maintaining a record of all transactions made by an individual such as the purchase and sale of shares, bonds, mutual funds, etc.

What is BO ID?

BOI ID stands for Beneficiary Owner Identification ID, which is a unique identification number assigned to each Demat account holder and is registered with the CDSL. The BOI ID is assigned by the Depository Participant (DP) to identify the Demat account holder and is used for all transactions related to the Demat account. The Demat account holder needs to keep the BOI ID confidential and not share it with anyone else to prevent unauthorized access to the Demat account.

The BOI ID is a 16-digit alphanumeric code that is unique to each Demat account holder with the first 8 representing DP ID with CSDL and the last 8 representing the client ID, but for the NSDL depository, the Demat account number starts with “IN” followed by a fourteen digit numeric code. It is used to track the ownership and movement of securities held in the Demat account.

How to Find The BO ID?

Please follow the below steps to find the BO ID with an Angel One Demat account:

Visit the official website of Angel Broking or Angel One.
Log in to your Demat account using your username and password.
Once you are logged in, navigate to the “My Profile” or “Account Information” section.
Look for the “Demat Account” or “BO ID” tab within the account information.
Click on the tab to access your Demat account details.
In this section, you should be able to find your BO ID or Beneficiary Owner ID. It is usually a 16-digit alphanumeric code.
Make a note of your BO ID for future reference or any transactions related to your Demat account.

How to Find DP ID & Demat Account Number?

Now that you have learned on how to find your BO ID, here is your turn to understand how to find your DP ID.

A Demat account number is a unique 16-digit alphanumeric account number that is assigned to the account holder by the Depository Participant, or the DP. After successfully opening a Demat account online, the investor will receive a welcome letter from the depository (CDSL or NSDL) which will contain all the account information including your Demat account number. In the case of CDSL, the Demat account number is also called the Beneficiary Owner ID (or) BO ID. For CDSL, the Demat A/c is a 16-digit alphanumeric code, but for NSDL, it begins with “IN” and requires a code of fourteen digits.

Read more about CDSL Demat Account

An example of a Demat account number with CDSL can be 98948022XYZ012345,

whereas, a Demat account number with NSDL can be IN01234567890987.

To find the DP ID and Demat account number with Angel One, you can follow these steps:

Visit the official website of Angel Broking or Angel One.
Log in to your account using your username and password.
Once you are logged in, navigate to the “My Profile” or “Account Information” section.
Look for options related to your Demat account details or statements. It may be labelled as “Demat Account Information” or similar.
In the Demat account information section, you should be able to find your DP ID and Demat account number listed. The DP ID is a unique identification number assigned to the Depository Participant, and the Demat account number is the unique identification number assigned to your individual Demat account.
Make a note of your DP ID and Demat account number for future reference or any transactions related to your Demat account.

What is a Depository Participant (DP)?

The agent of the depository can be called a depository participant or in short “DP”. Majorly financial institutions, brokerage firms (full and discounted ones), and banks act as Depository Participants thus working as a bridge between the stock exchanges and the investors. The Depositories Act, of 1996 mandates the guidelines and relation of the depository and the Depository Participant (DP).

How is a Demat A/C different from a Depository Participant (DP) Identification (ID)?

A Demat account and a Depository Participant ID are related to each other but represent different aspects of the securities holding and trading process. Here’s how:

Demat Account:

A Demat account eliminates the need for physical record certificates by converting them electronically across securities like stocks, bonds, mutual funds, and other financial instruments and allows you to buy, sell, and hold securities in a convenient and paperless manner. It is an online repository for your securities and enables tracking of your holdings and transactions.

Depository Participant (DP) Identification (ID):

A Depository Participant is an intermediary between the investor and the depository. The DP is essentially a brokerage firm liable for holding and safeguarding securities in electronic form. The DP is a registered member of a depository like CDSL/NSDL and facilitates the opening and maintenance of Demat accounts for investors. A unique identification number is assigned to each DP by the depository which becomes the DP ID helping in identifying and differentiating one DP from another.

To conclude, a Demat account is the account you hold with a DP to hold your securities in electronic form, while the DP ID is the unique identification number assigned to the DP by the depository. The Demat account is where your securities are held, and the DP ID represents the DP who provides the services for managing your Demat account.