What is DP ID and beneficiary ID in Depository?

General
1

What is DP ID and does every member alots different DP ID to clients or the DP ID of the client is universal just like the PAN Card?

2

hElLO tRaDeR,

DP ID = 8 digit number that identifies your demat provider (similar to IFSC code of your bank)

BENEFICIARY ID = 8 digit number that identifies your individual demat account with your demat provider.

Combination of 16 digits = DP ID + BENEFICIARY ID = your unique demat ID.
(This 16 digit number is sometimes referenced to as a beneficiary ID , while filling up online IPO applications)

You Unique Beneficiary ID remains the same , as long as you maintain your demat account with the same Demat provider.