What is bo id / bo id Means
The full form of bo id is Beneficial Owner Identification Number
In simple words bo id is 16 digit unique identification number given to Beneficial owner at the time of Demat Account opening in CDSL through an authorized DP or Stock Broker. When you open a Demat account online, the CDSL will send you a welcome letter with all of your account details along with bo id number and its also known as Demat account Number in case of NSDL.
The bo id number is mandatory to mention in all future transactions and its unique for every beneficial owners to avoid wrong entries
Format of bo id Number
1234567800000000
The first 8 digits are the DP id -12345678 and The last 8 digits are a unique client ID provided by CDSL - 00000000
Use of bo id in context of of CDSL and NSDL .
The bo id is changes depending on whether the CDSL or the NSDL is used.
bo id Means in CDSL
What is bo id in NSDL
In the context of NSDL the Demat Account Number is bo id Number and the demat account number begins with “IN” and is accompanied by a 14-digit numeric code. Format of bo id in context of NSDL IN12345678000000
How To Identify BO ID , DP ID, And Client ID in case of CDSL and NSDL
For example, In Context CDSL your Beneficiary Owner ID is 1234567800000000 then your
bo id is 1234567800000000
DP id is 12345678
Client id is 00000000
For example, In Context NSDL your Beneficiary Owner ID is IN12345699999999 then your
bo id is IN12345699999999
DP id is IN123456
Client id is 99999999
Conclusion :-
Now you have clearly understood that meaning bo id and BO ID , DP ID, And Client ID in the Context of CDSL and NSDL . In case still you have any doubt you can just comment below.
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