How long does it take to get an LEI number? - India LEI
As of 3 January 2018, LEIs are mandatory for all companies who wish to continue trading in securities.

How long does it take to get an LEI number?

India LEI - LEI system

How long does it take to get an LEI number?

In some cases, getting the LEI number can become really urgent as if you are planning to make a big monetary transaction from India and discover that you need an LEI number that your company does not have, it could bring serious consequences. If these kind of situations occur, it is important to get the LEI fast as usually these transactions cannot hold for days or weeks.

So how quickly I can get an LEI?

The average LEI issuing time between different service providers varies between few hours to 1 week. If the LEI application has submitted via official LEI Registration Agent, the LEI issuing time is lower. The main goal for India LEI is to issue all the LEIs between 2-24 hours after receiving the LEI application and the signed document. If the application is urgent, India LEI will be processing this with priority where in some cases our clients have received and LEI within minutes!

Can I use my LEI right after it has been issued?

Unfortunately, usually answer to this question is no. The thing is that although the LEI is active right after it has been issued, the problem is that it will be visible in the global GLEIF database starting from the next day of issuance and all the banks are checking LEI information directly from the GLEIF. If the bank is checking it from the GLEIF and the LEI is not there – most banks are not willing to accept the LEI yet.

To conclude, it takes up to 24 hours to receive the LEI number when the LEI application has been submitted via India LEI website. The LEI will be visible in the GLEIF database on the next day after LEI issuance date and in most cases, LEI can be used only after it is visible in the GLEIF.