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...
Most LEIs issued within 2 hours, sometimes minutes.
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The Legal Entity Identifier (LEI) is mandated across RBI, SEBI, IRDAI, and DGFT touchpoints so banks and regulators can instantly identify the entity behind large-value transactions.
Summary is illustrative; refer to RBI circulars, SEBI and IRDAI notifications, and DGFT trade guidance for full details.
Four quick steps from application to an active Legal Entity Identifier.
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.
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OTC derivatives
The Reserve Bank of India (RBI) introduced LEI requirements for rupee interest rate, foreign exchange, and credit over-the-counter derivatives.
Large corporate borrowers
Banks were instructed to ensure borrowers with aggregate exposure of ₹5 crore or more obtain an LEI, with phased timelines across bank categories.
Non-derivative markets
LEIs became mandatory in government securities, money markets, and non-derivative foreign exchange trades. Client FX transactions of USD 1,000,000 or more require LEIs, while interbank FX always requires one.
Insurers & large borrowers
Insurance companies were asked to obtain LEIs. Corporate borrowers with exposure of ₹50 crore or more must quote a valid LEI to their lenders.
RTGS & NEFT high-value payments
Non-individual entities making single RTGS or NEFT transactions of ₹50 crore+ must provide LEIs for both remitter and beneficiary.
Cross-border transactions
Resident non-individual entities handling cross-border transactions of ₹50 crore or more must obtain an LEI; once obtained it must be quoted on all future cross-border payments.
Expanded borrower thresholds
LEI mandates extended to urban cooperative banks and NBFCs with aggregate exposure of ₹5 crore or more, phased between 2023 and 2025.
Debt & securitisation issuers
SEBI introduced LEI requirements for issuers of non-convertible securities, securitised debt instruments, and security receipts.
Foreign portfolio investors
Non-individual foreign portfolio investors (FPIs) must maintain active LEIs for registration and ongoing KYC.
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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.