Srinagar, Sept. 2 -- What Is BO ID in a Demat Account?

A BO ID, or Beneficial Owner Identification Number, is a unique 16-digit number assigned to every investor who holds a demat account. It is used to identify the account holder in the records of the depository, either NSDL or CDSL, through which your broker operates. For example, if you have a demat account with Kotak Securities, your BO ID helps the system recognise your holdings and link them to your profile. This number is different from your trading account number and plays a crucial role in all share transactions.

Key Features of a BO ID

A BO ID comes with certain characteristics that make it an integral part of managing a demat account. Understanding these features will help y...