Legal Entity Identifier (LEI) Code
The global reference code large borrowers and market participants must quote on financial transactions.
A Legal Entity Identifier is a twenty-character code that uniquely identifies a legal entity in financial transactions worldwide. It was introduced after the financial crisis so that regulators could see who was actually party to a transaction across borders.
In India the Reserve Bank has made it mandatory for entities above certain thresholds — for large-value payment transactions, for borrowers above a specified exposure, and for participants in the over-the-counter derivatives and non-derivative markets.
Choose a package
1 Year
₹4,654 plus GST
- Application prepared for you
- Application filed with the department
- Legal Entity Identifier Certificate
- LEI Number
3 Years
₹4,654 plus GST
- Application prepared for you
- Application filed with the department
- Legal Entity Identifier Certificate
- LEI Number
5 Years
₹4,654 plus GST
- Application prepared for you
- Application filed with the department
- Legal Entity Identifier Certificate
- LEI Number
Where it is required
- Borrowers with aggregate fund-based and non-fund-based exposure above the RBI threshold
- Participants in over-the-counter markets for interest rate, forex and credit derivatives
- Entities undertaking large-value transactions through RTGS and NEFT above the specified amount
- Non-resident entities transacting in specified Indian markets
- Entities issuing or dealing in certain debt instruments
What happens without one
Banks are directed not to renew or enhance credit facilities to borrowers above the threshold who do not hold a valid LEI. That is the consequence that bites — it is not a penalty, it is a refusal.
Large-value payment instructions can also be rejected where the code is required and not quoted, which disrupts settlement at exactly the wrong moment.
Annual renewal is the part people miss
An LEI must be renewed every year. An unrenewed code moves to lapsed status, and while it technically still exists, it is treated as invalid for regulatory purposes.
Because the code itself does not change on renewal, it is easy to assume it remains valid. Banks check the status rather than the existence of the code, and a lapsed status is what triggers the refusal.
How we handle it
- 1 Confirming applicability We check whether your exposure or transaction profile actually requires an LEI, so you are not buying one you do not need.
- 2 Assembling entity data Legal name, address and constitutional details are compiled exactly as they appear on record, since the register is validated against official sources.
- 3 Parent entity reporting Direct and ultimate parent details are established, which the global standard requires for group entities.
- 4 Filing The application is filed with the local operating unit and the fee paid.
- 5 Validation The issuer validates the entity data against official records, and we answer any discrepancy raised.
- 6 Code issued and diarised The code is issued and we note the annual renewal date, since a lapsed code is treated as invalid.
Frequently asked questions
Who needs an LEI in India?
Borrowers above the RBI exposure threshold, participants in specified over-the-counter markets, and entities making large-value payment transactions above the notified amount.
What happens if I do not have one?
Banks are directed not to renew or enhance credit facilities to borrowers above the threshold without a valid LEI, and large-value payment instructions may be rejected.
Does it need renewal?
Yes, annually. The code stays the same but its status lapses if not renewed, and a lapsed code is treated as invalid for regulatory purposes.
Is it the same as a CIN or GSTIN?
No. Those are Indian registration identifiers. An LEI is a globally recognised code used to identify parties to financial transactions across jurisdictions.
Do I need to report my parent company?
Yes, where the entity is part of a group. Both the direct and ultimate parent must be reported, or an exception recorded where reporting is not possible.
What is not included. Government fees, statutory charges, stamp duty, court and registry fees, digital signature costs and any third-party professional charges are separate and payable at actuals. GST applies on professional fees where indicated. Prices shown are indicative and may change without notice; we confirm the total in writing before any work begins — see our terms on pricing.
Talk to us about Legal Entity Identifier (LEI) Code
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