Motilal Oswal DP ID

When opening a Demat account with any depository, it is good to check for the unique identification number of the broker. Here are the details of the Motilal Oswal DP ID. 

Now you must be wondering why is it important? Well, it gives an assurance of authentication of the depository participant and moreover, it is required while applying for an IPO. 

So, let’s discuss what is the DP id of Motilal Oswal. 

What is DP ID in Motilal Oswal?

DP ID is provided by the two major depositories of India, CDSL and NSDL. Motilal Oswal registered with both the depositories, therefore, have two different identification numbers.

You can find this number along with your client id (16 digit code) provided to you at the time of account opening. 

In the 16 digit code, the first 8 digit is common that represents the DP ID. 

The code that is assigned by CDSL (as a Demat account number) is a 16 digit numeric number, but in the case of NSDL, the code starts with “IN” which further includes 14 digits numeric code.

So in all, what these digits are differentiates the depositories with whom your Demat account is registered. 

For example, if the Demat account number is 1112346587876785, then your Demat account is registered with CDSL. Here the DP ID is the first 8 digits of the 16 digit code i.e. 11123658. 

On the other hand, for an NSDL Demat account, the client id is IN111234587876785, the DP ID is IN111234. 

The last 8 digits in both the cases above are unique and represent your Demat account number. 

How to Find DP ID in Motilal Oswal?

Being a customer of the broker, now, if you want to find out the DP id, then you can check it from the different platforms of Motilal Oswal.

Here taking the example of the MO Trader app, you can also perform the same steps:

• By logging into the app, you will find the “Chat with us MO Genies” under the “More” section that is a Robo chat system.
• Now, write “DP ID” on the writing section and send it.
• The MO Genie will automatically send all the necessary details regarding the account number, DP Id, and so on.

Conclusion 

From this piece of the document, we can easily derive that the DP Id showcases the unique number that tells the investors or traders about the depository with whom the DP is registered.

As mentioned earlier, that being registered with the CDSL, the customer gets the 16 digits unique Demat account number consisting of DP Id (first 8 digits) and customer id (last 8 digits).

Apart from this, with the help of the Motilal Oswal app, you can quickly get to know the DP id as well as the Demat account number with the MO Genie.

It will be adequate to know, learn and explore!