What is beneficiary account number in IPO application?

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The beneficiary account number in the IPO application refers to the DP ID and the account number of the demat account to which the shares are to be credited in the event of an allotment under an IPO.

The beneficiary account should be in the name of the applicant and may be maintained with either an NSDL or CDSL depository.

Topic: IPO Application Feedback

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