What Is BO ID In Zerodha
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After you have opened your demat account with this discount broker, you must be wondering what is BO ID in Zerodha and where to find it, right? BO ID is the demat account number assigned by the broker to its clients.
Before we dive into detail, we must know a little about the Zerodha demat account.
So, let’s begin!
What is Zerodha Demat Account?
Zerodha facilitates its clients with a demat account and a trading account for trading in the share market. They open the account for a nominal fee of ₹200 and an account maintenance charge of ₹300 + 18% GST (paid quarterly).
But, once the account is open, many individuals get confused as to what is my Zerodha demat account number and where is it given in the application. The upcoming section will help you find the 16 digit number also known as BO ID in Zerodha.
How To Find Demat Account Number In Zerodha?
Many individuals get confused as to where their BO ID in Zerodha is mentioned. BO ID stands for Beneficiary Owner Identification Number. It is a 16 digit number that identifies a demat account.
This number makes it unique for the identification of every client that is registered with a stockbroker in the stockbroking industry.
You can find the BO ID in the trading platform – Zerodha Kite. When you log into the platform, click on the tab that reads your Login ID. When the screen loads, click on My Profile.
In the case of the browser version of Kite, it looks as follows:
Here, you will find your name, PAN details, etc. Below that, there is a heading titled – DP IDs. The number corresponding to Zerodha DP ID is the BO ID or your demat number.
You can also find your demat account in the back office software by Zerodha – Console. Open the application on your Desktop, Mobile, Tablet, or Browser. The dashboard will like as follows:
Click on My Profile and the screen will load. Under the heading Demat, there is a subheading named – Demat ID / BO ID. The number alongside it is the number you are looking for.
It looks like as shown in the screenshot below:
This 16 digit number is made up of two parts. The first 8 digits are the Depository Participant ID allotted to the broker and the last 8 digits are the unique number allotted for every demat account opened.
Conclusion
BO ID is thus the demat account number or the unique identification number provided to you at the time you open an account with the broker.
So, log in to Kite or Zerodha Console and know about the BO ID for future reference.
We hope that this article has helped in answering your query – what is BO ID in Zerodha.
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