A Beneficiary Account is a Demat account maintained with CDSL or NSDL, identified by a unique account number. For CDSL, the Demat account is identified by a 16-digit BOID (Beneficial Owner Identification) number. It is the account in which securities are held and to which securities can be transferred. 

Beneficiary Account: Learn what a beneficiary account is and how securities are held and transferred through CDSL or NSDL.