• Text Size:
  • A+
  • A
  • A-
  • |
  • Color Theme:
  • canara bank
  • canara bank
  • Screen Reader Access

canara

  • About Us
    • Board of Director
  • Financial Results
  • PMJDY and Financial Inclusions
  • Press Release
  • Tenders
  • E Auction Properties
  • Announcements
  • Careers
Net Banking
  • Personal Banking canara
    • Savings & Deposits
    • Loan Products
    • Technology Products
    • Mutual Funds
    • Insurance Business
    • International Services
    • Card Services
    • Consultancy Services
    • Depository Services
    • Ancillary Services
    • Approved Housing Projects
    • How To Apply
  • Corporate Banking canara
    • Accounts & Deposits
    • Supply Chain
    • Loans & Advances
    • Syndication Services
    • IPO Monitoring Activity
    • Merchant Banking
    • TUF Schemes
    • Canara eTax
  • Investor Relation canara
    • Contact Us
    • Appeal to Physical Shareholders of Canara Bank
    • Join 20th e-AGM [NEW]
  • Canara Easy Fee
  • NRI Banking canara
    • Deposit Products
    • Loans & Advances
    • Remittance Facilities
    • Investment Facilities
    • Consultancy Services
    • Other Services
    • NRI News Bulletin
    • Contact Details
    • FAQs
    • FATCA / CRS - Self Declaration Form
  • Priority Portal canara
    • Schemes
    • RRB Section
    • Agri-Marketing
    • Agricultural Innovation Centre
    • Rural Development
    • CED for Women
    • Sustainable Development and Corporate Social Responsibility (SD-CSR)
    • Lead Bank
    • In Promotion Of Self Employment
    • RURAL DEVELOPMENT SCHEMES
    • SUPPORT INITIATIVES
    • Agriculture loan Application formats
  • Net Banking
  • MSME Banking
canara bank
  • About Us
    • Board of Director
  • Financial Results
  • PMJDY and Financial Inclusions
  • Press Release
  • Tenders
  • E Auction Properties
  • Announcements
  • Careers
  • Personal Banking canara
    • Savings & Deposits
    • Loan Products
    • Technology Products
    • Mutual Funds
    • Insurance Business
    • International Services
    • Card Services
    • Consultancy Services
    • Depository Services
    • Ancillary Services
    • Approved Housing Projects
    • How To Apply
  • Corporate Banking canara
    • Accounts & Deposits
    • Supply Chain
    • Loans & Advances
    • Syndication Services
    • IPO Monitoring Activity
    • Merchant Banking
    • TUF Schemes
    • Canara eTax
  • Investor Relation canara
    • Contact Us
    • Appeal to Physical Shareholders of Canara Bank
    • Join 20th e-AGM [NEW]
  • Canara Easy Fee
  • NRI Banking canara
    • Deposit Products
    • Loans & Advances
    • Remittance Facilities
    • Investment Facilities
    • Consultancy Services
    • Other Services
    • NRI News Bulletin
    • Contact Details
    • FAQs
    • FATCA / CRS - Self Declaration Form
  • Priority Portal canara
    • Schemes
    • RRB Section
    • Agri-Marketing
    • Agricultural Innovation Centre
    • Rural Development
    • CED for Women
    • Sustainable Development and Corporate Social Responsibility (SD-CSR)
    • Lead Bank
    • In Promotion Of Self Employment
    • RURAL DEVELOPMENT SCHEMES
    • SUPPORT INITIATIVES
    • Agriculture loan Application formats
  • Net Banking
  • MSME Banking
  • Home
  • LegalEntityIdentifierCode
Got any Questions?
Call us Today!

Toll Free Numbers

1800 425 0018
1800 103 0018
1800 208 3333
1800 3011 3333


Non Toll Free Numbers
(if calling from outside India)

+91-80-22064232

Customers are requested to call on our
mentioned Toll Free Numbers only for any
complaints/issues. Bank shall not be
responsible for any consequences arising
out of customers calling any other
unverified numbers.

Legal Entity Identifier Code:

 

In lines with RBI direction, Our Bank has decided to make LEI mandatory with effect from 01.07.2022 for all payment transactions of Rs.50 Cr & above through Real Time Gross Settlement (RTGS) and National Electronic Fund Transfer (NEFT). For all transactions above Rs. 50 crores and above by non-individual following is to be noted

 

Ø  All outward transactions will not be permitted without Sender and Beneficiary LEI.

Ø  The Remitter (Sender) has to mention the Beneficiary LEI code & LEI Expiry date while requesting the Branch for remittance & the correctness of LEI would be sole responsibility of Remitter.

Ø  All Inward transactions without Beneficiary(Our Customers) LEI will be auto returned.

 

Frequently Asked Questions (FAQ) for Customer reference:

 

What is Legal Entity Identifier (LEI) Code?

 

The Legal Entity Identifier (LEI) is a 20-digit alphanumeric code used to identify parties to financial transactions worldwide.Know more >> https://www.ccilindia-lei.co.in/

 

Why should Legal Entity Identifier (LEI) be provided?

 

As directed by RBI it is mandatory to mention valid Legal Entity Identifier (LEI) number for all initiating or receiving transactions of value INR 50 crore & above for entities (non-individuals) using Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) services.

 

To whom is Legal Entity Identifier (LEI) Code applicable?


LEI Code is applicable for all non-individual customers initiating or receiving transactions of INR 50 crore and above through RTGS and / or NEFT.

 

When will Legal Entity Identifier (LEI) Code be effective from?

 

It is already effective from April 1, 2021, RBI has mandated to mention Legal Entity Identifier (LEI) number & expiry for all initiating or receiving transactions of value INR 50 crore & above for entities (non-individuals) using Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT)  services.

 

How to submit Legal Entity Identifier (LEI) Code along with expiry date to Bank?

 

LEI Code &LEI expiry date need to be submitted with Canara Bank Branch on company's letter-head along with copy of CCIL LEI activation (https://www.ccilindia-lei.co.in/). For any queries or details, please feel free to contact your Canara Bank Branch.

 

How can entities obtain Legal Entity Identifier (LEI) number?

Entities can obtain LEI from any of the Local Operating Units (LOUs) accredited by the Global Legal Entity Identifier Foundation (GLEIF), the body tasked to support the implementation and use of LEI. So in India, LEI can be obtained from Legal Entity Identifier India Ltd. (LEIL) (https://www.ccilindia-lei.co.in), which is also recognized as an issuer of LEI by the Reserve Bank under the 'Payment and Settlement Systems Act, 2007'.

Know more >> https://www.ccilindia-lei.co.in/

 

What should an entity to do in case of LEI expiry?

 

The LEI is valid for a period of one year, post which the Registration Status is changed to “LAPSED”.  The Entity shall apply for renewal of LEI through the web portal with the applicable fees to LEIL.

Got any Questions?
Call us Today!

Toll Free Numbers

1800 425 0018
1800 103 0018
1800 208 3333
1800 3011 3333


Non Toll Free Numbers
(if calling from outside India)

+91-80-22064232

Customers are requested to call on our
mentioned Toll Free Numbers only for any
complaints/issues. Bank shall not be
responsible for any consequences arising
out of customers calling any other
unverified numbers.
  • BCSBI's Code
  • Grievance Redressal
  • Customer Education
  • Employees and Ex-Employees
  • Regulatory Disclosures
  • RTI Act
  • Regulations
  • Browser Compatibility
  • Disclaimer
  • Screen Reader Accessibility
  • Sitemap
  • Official Language

Last Updated on: 12/07/2022 |   Visitors:        

© 2019, Canara Bank. All rights reserved