Request to update Legal Entity Identifier (LEI) in your ICICI Bank Account Number XXXX255
Dear Customer,
We refer to the Reserve Bank of India's Circular on 'Introduction of Legal Entity Identifier ("LEI") for Large Value Transactions in Centralised Payment Systems', dated January 05, 2021. RBI has introduced the LEI system for all payment transactions valued at Rs 50 crore and above, undertaken by entities (non-individuals) using Real Time Gross Settlement ("RTGS") and National Electronic Funds Transfer ("NEFT") payment systems.
With effect from October 01, 2022, LEI needs to be mentioned for remitters as well as beneficiary customers in RTGS and NEFT payment messages, valued at Rs 50 crore and above. Also, beneficiary LEI details will need to be provided to the Bank at the time of initiating NEFT/RTGS transactions of value Rs 50 crore and above.
Visit the nearest ICICI Bank Branch to update LEI details in your Bank Account to ensure smooth transactions.
Sincerely, Team ICICI Bank
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