Groww, India is a Demat & stock trading application as well as an investment platform where its clients can invest in the best Stocks & Mutual Funds in India. It is an online startup private company, which specializes in the fintech field, different mutual funds investments, providing specific personal loans, and many more financial services.
Groww app provides you with an advanced way of investing money with their exceptional, affordable, reasonable, and competitive stockbroking services and easy investment process in opening a free Demat account. The Groww Demat account is an online account where the records of its clients’ shares, mutual funds, Exchange Traded Funds (ETFs), and many more investments records are kept in electronic format.
You should know that whenever an individual invests in the Indian stock market, he/she essentially requires both a trading account and a Demat account. However, whereas the trading account is needed for buying and/or selling the stocks, a Demat account is used for the safekeeping of the securities in electronic format.
Groww application provides you with direct investing & trading in the BSE or NSE listed stocks in the share market, for which it charges a very low brokerage fee on your stock orders as well as allows you to invest in different Futures & Options, the best Mutual Funds, various US stocks, high return Fixed Deposits and many Initial Public Offers (or IPOs), digital gold stock, and many more options.
Moreover, Groww has enabled a lot of people by offering their clients many convenient and customer-friendly facilities so that they can manage their finances appropriately. Also, it provides professional and technical support to its clients to make their investment process easy, quick, open, and honest.
Groww app is a totally safe and secure application that works on a simple, honest, and sophisticatedly designed interface that allows its clients to invest in its various investment options easily.
Groww app is a depository participant (or DP) with very reliable, trustworthy, and reputed institutions, such as Central Depository Securities Limited (CDSL), which also assures its clients that the Groww app is entirely safe for investment and trading.
However, the Groww app simply works as a mediator between its clients and the central depository CDSL, and it has its unique DP ID.
What is BO ID in Groww?
You should know that BO ID stands for “Beneficial Owner Identification Number.” It is a 16-digit number, which includes your Groww Demat account number registered with CDSL. The BO ID is a unique number for every Groww client, which is created in two parts, where the first part is an 8-digit Groww DP ID, combined with the second part as an 8-digit Groww client’s ID or your Groww Demat account number.
How to Find BO ID in Groww?
If you need to know how to find your BO Details in the Groww app, then this article can help you a lot. We have provided the complete information here in this regard. In this article, we will discuss with you two methods to get the BO ID in Groww.
So just keep reading this post till the end, and follow the below-written simple, quick, and easy steps, such as the following:
1. Get BO ID Through Groww Website?
Step 1. Go to the Groww official website, i.e., groww.in on your device, and enter your email ID, MPIN, and other information as required to get logged in.
After that, a new interface will open up before you. Here you will see many options. Click on the photo icon at the top right corner of your mobile or computer screen. Then click on the “Settings” option.
Step 2. Now, a new page will open up before you. Here you will see your personal information, such as your name, date of birth, PAN, unique client code, demat account number, and the 16-digit BO ID. Here you will see the DP ID of your broker, i.e., the Groww stock broker, which is the first eight-digit number of your BO ID, and the second 8 digit number is your demat account number.
2. Find BO ID Using Groww Mobile App
Step 1. Download and install the Groww application from your mobile phone play store and open the app., then fill up your necessary information to get logged in. After that, a new page will open up before you, where you must click on the photo icon at the top right corner of your mobile screen.
Step 2. Now, a new interface will open up before you. Here you will see many options. Click on the “Account Details” option.
Step 3. After that, a new interface will open up before you. Here you will see your personal details, such as your name, date of birth, unique client code, demat account number, and the 16-digit BO ID. Here you will see the DP ID, which is the first 8-digit number of your BO ID, and the second 8-digit number is your demat account number.
So this way, you can quickly learn about what a BO ID is in the Groww app.
The Final Takeaway Thoughts
Hopefully, by following the above-mentioned easy steps, you must have quickly learned how to find the BOID in Groww app by using two methods, viz., the Groww app and the Groww website.
However, If you are still facing any problems in knowing the BO ID on the Groww App trading platform, then you should know that the app provides its clients with an efficient customer support team.
You can contact the Groww support team via email at [email protected] and phone number +91-9108800604 from Monday to Friday between 9 a.m. and 7 p.m. and on Saturdays from 9 a.m. to 2 p.m. and get your problem resolved as soon as possible.