How to Easily Find Your BO ID on Upstox Online: 2 Ways
2 Methods to Locate BO ID on Upstox Online
Upstox, a leading discount broker in India, offers a variety of trading products and user-friendly services tailored for investors. Their offerings include equity trading, currency trading, and futures & options, all at competitive rates.
Upstox's clients can benefit from exemplary customer support and gain access to detailed trading reports like stock and research reports.
With Upstox, users have access to both a trading account and a Demat account. The trading account provides an entry point into stock exchanges for the buying and selling of securities, whereas the Demat account securely holds these securities electronically for seamless online trading.
To engage in the Indian stock market, possessing both a Demat and trading account is indispensable. Demat accounts are managed by the Central Depository Services Limited (CDSL) and National Depository Services Limited (NSDL).
As a Depository Participant (DP) of CDSL, Upstox facilitates the brokerage activities between clients and the central depository, marked by its own unique DP ID.
The Beneficiary Owner Identification Number (BO ID) in Upstox is a 16-digit identifier for a client’s Demat account number, comprising an 8-digit Upstox DP ID and an 8-digit customer’s Client ID.
To determine your BO ID on Upstox, refer to Demat account statements or your profile on the Upstox platform. Here are two approaches:
- Locate BO ID on Upstox Website:
- Navigating to Upstox’s website (login.upstox.com): Use your mobile number and OTP to log in.
- Select your name at the top right, then choose "My Account."
- In the Profile Section, access basic and contact details.
- Your 16-digit BO ID is at the screen’s bottom, useful for generating your CDSL TPIN.
- Locate BO ID on Upstox App:
- Download the Upstox app from your phone’s app store and install it.
- Launch the app and input necessary login details.
- Select "Account" at the bottom of the app screen.
- Access your profile by tapping your name at the upper left corner.
- Select "My contact details."
- Scroll to "Demat Details" to find your 16-digit BO ID under "CDSL," critical for generating your CDSL TPIN.
Bear in mind, the CDSL TPIN is vital for stock trading, serving as a six-digit passcode to authorize Demat account actions.
In summary, Upstox provides two efficient methods to find your BO ID, facilitating better management of Demat accounts and engaging in stock trading. However, it is imperative to acknowledge the risks tied to stock trading and to have a comprehensive understanding before commencing.