LEI Code in India: RBI Regulations, Eligible Entities, Required Transactions, and LOUs
The Legal Entity Identifier (LEI code or LEI number) has become mandatory in India under RBI regulations for various entities and financial transac...
GlobalLEI India simplifies LEI registration for businesses in India by removing the friction from the process. Businesses can apply through a streamlined service with transparent and affordable pricing and a faster path to an active Legal Entity Identifier.
Most LEIs issued within 2 hours, sometimes minutes.
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Digital LEI certificate included at no extra cost.
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Indian organisations may need a Legal Entity Identifier (LEI) to meet regulatory requirements when carrying out certain financial transactions, trading securities or derivatives, or reporting to financial authorities.
Under RBI rules, non-individual entities must also provide LEI details for NEFT and RTGS transactions of ₹50 crore or more. For RTGS, this applies to both customer and inter-bank payments. Read more.
Summary is illustrative; refer to RBI circulars, SEBI and IRDAI notifications, and DGFT trade guidance for full details.
LEI registration involves four steps: submit your company details, we verify the information against official sources, the LEI application is processed, and your active LEI is published in the GLEIF database.
Enter legal entity details, address, identifiers, and contact information.
Pick a 1, 3, or 5 year plan, then pay securely via Stripe using cards, bank, or digital wallets.
Provide digital authorisation for us to issue the LEI on your behalf through our LOU.
We validate the data, register your entity with GLEIF, and deliver the LEI and certificate.
Do you have an LEI? Renew LEI 1 year
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OTC derivatives
The Reserve Bank of India (RBI) introduced phased LEI requirements for non-individual participants in OTC rupee interest-rate, foreign currency and credit derivatives markets, with implementation during 2017 and 2018.
Large corporate borrowers
RBI introduced a phased LEI requirement for existing large corporate borrowers with total bank exposure of ₹50 crore or more. Deadlines depended on exposure size, with a separate roadmap to follow for smaller borrowers.
Non-derivative markets
RBI extended LEI requirements to non-individual participants in government securities, money markets, and non-derivative foreign exchange markets, excluding transactions on recognised stock exchanges. The rules covered all interbank non-derivative FX transactions and client FX transactions equivalent to USD 1 million or more. Following extensions, implementation deadlines fell in December 2019 and September 2020.
Insurers and their corporate borrowers
IRDAI required insurers to obtain LEIs by 31 July 2020 and directed them to collect LEI details from existing corporate borrowers with exposure of ₹50 crore or more by 30 June 2020. It also restricted lending without LEI information.
RTGS and NEFT payments
From 1 April 2021, RBI required LEI information for non-individual entities sending or receiving single RTGS or NEFT payments of ₹50 crore or more, subject to applicable exemptions.
Cross-border transactions
RBI announced LEI requirements, effective 1 October 2022, for resident non-individual entities undertaking capital or current-account transactions of ₹50 crore or more per transaction under FEMA. Banks must also report an entity’s available valid LEI for smaller transactions covered by these rules.
Broader borrower coverage
RBI extended the borrower framework to lending by urban co-operative banks and NBFCs. Non-individual borrowers with aggregate exposure of ₹5 crore or more from covered banks and financial institutions were required to obtain LEIs under phased deadlines ending on 30 April 2025.
Listed debt and securitisation issuers
SEBI introduced LEI reporting requirements for issuers with outstanding listed non-convertible securities, securitised debt instruments or security receipts, and for issuers proposing to issue and list these instruments.
Foreign portfolio investors
SEBI required all non-individual foreign portfolio investors (FPIs) to provide LEI details and maintain an active LEI. New registrations required LEI details immediately; existing FPIs had a 180-day transition period.
Consolidated financial-market rules
RBI consolidated its financial-market LEI requirements into the Unique Identifiers in Financial Markets Directions, effective 27 March 2026, superseding the earlier derivatives and non-derivative market circulars.
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Apply directly with GlobalLEI instead of using a broker or registration agent. That means faster processing, direct support, and lower fees.
A Legal Entity Identifier (LEI) is a unique 20-character alphanumeric code used to identify legal entities in financial transactions worldwide. It acts as a global reference ID for your organization, created to improve transparency and risk management in the financial system.
Each LEI is associated with reference data about the entity – such as its official name, registered address, and ownership structure – essentially answering the questions of "who is who" and "who owns whom". In other words, an LEI makes it easy for regulators and counterparties to uniquely recognize a company or organization across the globe.
Search the GLEIF database by LEI code or legal entity name, then confirm whether a record is Active, Lapsed, or Pending.
A shareable LEI certificate is included in every order, ideal for KYC and counterparty checks.