Legal Entity Identifier Code (LEI)
Legal Entity Identifier Code (LEI)
The Legal Entity Identifier (LEI) is a 20-character alphanumeric code that uniquely identifies entities participating in financial transactions globally. In India, the Reserve Bank of India (RBI) has mandated LEI for all borrowers with aggregate fund-based and non-fund-based exposure of ₹25 crore and above, as well as for entities undertaking OTC derivative and large-value NEFT/RTGS transactions.
Key Highlights
20-character unique global identifier for legal entities in financial markets
Mandatory for large borrowers (₹25 crore+ exposure), OTC derivatives, and NEFT/RTGS above ₹50 crore
Issued by Legal Entity Identifier India Ltd. (LEIL), a subsidiary of Clearing Corporation of India
Must be renewed annually to remain active
Enhances transparency and risk management in financial markets
Documents Required
- PAN Card and incorporation certificate
- Authorised signatory details
- Entity registration details
- Bank account information
Process
1
Step 1: Apply on the LEIL portal (ccilindia-lei.co.in)
2
Step 2: Submit entity details and upload documents
3
Step 3: Pay the application fee
4
Step 4: LEIL verifies and issues the LEI code
5
Step 5: Renew annually before expiry date
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