A demat account offers you access to a variety of investing possibilities, is now as essential as having a bank account. However, you might be wondering what is bo id in a demat account.

When anyone opens a demat account with CDSL, a 16-digit account number is given to the Demat account holder by the stock broker, or DP. This 16 Digit account number is known as Beneficiary Owner ID.

When you start a Demat account, the CDSL will send you a welcome letter with all of your account details, and your Beneficiary Owner ID. This is also known as Demat account Number in case of NSDL.

In CDSL, the BO ID is a 16-digit numeric character, although in the case of NSDL, the demat account number begins with "IN" and is accompanied by a
14-digit numeric code.

An instance of a CDSL demat account number is 9876451230987654, whereas An example of a NSDL demat account number is IN98764512309870.

A Depository Participant is Agents of the Depository might be known as Depository Participants (DP). Brokerage firms and banks are the most common Depository Participants

A DP is serve as a link among investors and stock exchanges.The Depositories Act of 1996 regulates the relationship between the depository and the Depository Participant.

Zerodha, Upstox, and Sharekhan are some of the examples of Depository participants. However, many banks are also depository participants.

The DP ID (Depository Participant Identification) and your Beneficiary Owner ID are not the same and have nothing to do with the demat account number.

The DP ID and the client ID of the Demat account holder are combined to form a demat account number.