An Honest Reivew Of LEI Register India 2026

Legal Entity Identifiers (LEIs) are mandatory for certain financial transactions as directed by a number of different bodies. Therefore, companies, banks, financial institutions and so many more need to have one of these in order to be able to complete their transactions. It’s important then that you are looking to the right body to provide you with your LEI. 

If you’re in India, LEI Register India is a helpful business that assists  you with getting your LEI, and we’re going to be taking a look at them today. So, down below, we’re going to be taking a look at what this is, what the purpose is, and the pros and cons. If you’d like to find out more, feel free to continue reading. 

What Is LEI Register India?

To sum it up in the most clear, concise way possible, LEI Register India is a company responsible for issuing LEI’s to those who require them. This ensures that companies and any other body that is involved in financial transactions are uniquely identifiable in financial systems both globally, and domestically. 

The Reserve Bank of India (RBI) uses the LEI register to mandate unique identification for those who require an LEI such as large financial institutions who make regular large payments. 

What Is The Purpose?

So, what is the purpose of LEI’s and the LEI Register India? Well, first of all it helps to prevent fraud and financial crime. Having an LEI ensures that the unique 20 character identification code identifies the legal entity attempting to make the transaction, allowing for instant verification of each party involved in the transaction.

As well as this, the LEI Register India helps to improve transparency in financial markets. This standardized approach ensures that there is no confusion, as this is a globally recognized system that works all over the world. LEI Register India is responsible for the issuing of the LEI’s, ensuring that everyone is protected. 

It’s also important for consistency globally. We just mentioned that LEI registers are a global system, and LEI Register India ensures entity identification consistency across global markets. 

What Are The Pros?

Localized Pricing

Offers transparent, all-inclusive pricing in Indian Rupees (₹4,350 for 1 year), with fantastic discounts for multi-year plans – dropping costs to approximately ₹3,380/year on 5-year plans. This ensures that entities are able to get their LEI without having to pay through the nose for it, especially seeing as it’s mandatory to have for large financial institutions and other bodies that require one. 

Even though it’s a global system, LEI Register India makes it work specifically for Indian bodies, meaning there its pricing is separate from others across the world. Standardized pricing could cause issues for some countries, so it’s hugely beneficial that localized pricing is offered. 

Supports Local Payment Methods

Supports local payment gateways, including UPI, Net Banking, and Bank Transfers. It can be a nightmare when you’re trying to make a payment and you’re having to jump through a range of hoops as what you’re trying to do doesn’t work with what you’re used to locally. As such, supporting local payment gateways works to remove the friction of international credit card requirements, which can be difficult to meet at times. 

Automated Maintenance

One of the best things about the LEI Register India is that it handles the mandatory annual reporting to the GLEIF for you. This takes a huge load off of your shoulders, as there’s one less thing for you to worry about, but also because you know that it’s being done by a professional body who knows for 100% sure what they are doing. 

The automated maintenance ensures that your LEI status never lapses to “LAPSED,” which could otherwise block your bank transactions (RTGS/NEFT over ₹50 Cr). This is the very last thing that you need, as it requires you to then contact your bank and potentially even the LEI Register India to get it sorted. 

Free Digital Certificate 

Every registration includes a free digital LEI certificate in PDF format, which is frequently requested by Indian banks during the KYC process. As such, having this certificate to hand is hugely helpful, as it means that you don’t have to go back and request a certificate as and when it’s asked for. Instead, you’re able to immediately present yours, making the process with the Indian bank smooth and simple. 

What Are The Cons?

So, as with everything else, what are the downsides?

Annual Renewal

First, getting an LEI is not a one-time registration. You need to reapply every single year for this, and it is mandatory that you do so. You’re going to need to go through data verification all over again, and if you forget to renew it can cause you a whole host of problems. It may be the case that you end up with compliance notices, transactions being rejected, and so much more.

Lack Of Clarity 

Many businesses are unaware whether they actually need an LEI or not as there are limited resources available to check. It’s an extremely important thing to have, and businesses need to be made more aware of when it’s mandatory for them. 

Limited Direct Benefits For Business

The final con we’re going to look at is that there are limited direct benefits for businesses. Typically, LEIs tend to benefit regulators and banks more than anyone else. It’s more something that needs to be done on a long list of requirements, but it doesn’t improve business credit, reduce interest rates, or anything like this. 

What Do We Think Overall?

Overall then, we think that it’s extremely important for you to do your research, and understand why you need an LEI as a business, or any other institution that takes part in financial transactions. LEI Register India makes it as easy as possible for you to do this, getting what you need without making you jump through a million hoops. As well as this, the benefits of having an LEI far outweigh the downsides, even though it’s mandatory anyway.