The Legal Entity Identifier (LEI) is a 20-character unique alphanumeric code used to identify legally distinct entities that engage in financial transactions.
It helps regulators and financial institutions track and manage financial risks globally.
In India, LEI is issued by Legal Entity Identifier India Ltd. (LEIL) — a subsidiary of Clearing Corporation of India (CCIL), recognized by the Reserve Bank of India (RBI).
Who Needs an LEI Code
LEI is mandatory for entities involved in:
Borrowing or investing in financial markets
Cross-border payments and remittances (for transactions above ₹50 crore, as per RBI)
Mutual funds, NBFCs, insurance companies, and large corporates
Entities dealing in derivatives, government securities, forex, and bonds