Zerodha is India’s largest Stockbroker and has more than 3.4 million active clients. The DP ID is a unique 8 digit number that is used to identify your Stock Broker or any other Financial Institution. If you want to find your DP ID (Depository Participant) for any particular reason, follow the mentioned steps to get it easily.
What is a DP ID?
First let’s find out, what is a DP ID.
The DP ID is a unique number consisting of an 8 digit number that is unique to every participant. DP or Depository Participant can be any individual, company, stockbroker, or financial institution who acts as a middleman between the customer and the Depository/Stock Exchanges.
In this case “Zerodha Broking Limited” is the DP that maintains its client’s account with CDSL (Central Depository Service Limited). Every individual who opens an account with a Zerodha gets their unique BO (Beneficiary Owner Identification Number) which consists of 16 digits. The first 8 digit consists of the DP ID and the remaining 8 digits consist of a unique identification number of the client. This BO can be used for applying IPO’s using the ASBA (Application Supported By Blocked Amount), etc.
Now let’s see how to find your DP ID in Zerodha
To find out your Depository participant’s ID you can follow these steps:
By following the above steps you can get your DP ID from Zerodha. The DP ID of Zerodha is 12081600, which is constant for all users. But if you are searching your Demat ID which is also the BO ID then you will have to find it out by following steps. The DP ID can be useful when applying for an IPO or transferring shares from or to a Different Demat account.