1. India NEFT User Guide
  2. NEFT Outbound Payments
  3. NEFT Outbound Payments Processing
  4. NEFT Outbound Payment Validations
  5. LEI Validation

LEI Validation

Debtor LE

The LEI validation is are done, if the transaction amount is more than the LEI Threshold Amount maintained in India Payments Common Preferences (PMDNFTPF).

The field ‘Debtor LEI’ is populated when the below conditions satisfy, and LEI validation is applicable:
  • Debtor is a ‘Non-Individual’ i.e. Customer Type of the Debit account customer is not ‘Individual’.
  • LEI is maintained for the Debtor in the India Payments Customer Preferences (PMDEXLEI) and the Value Date of the transaction is equal to (or) less than the LEI expiry date.
An error is raised when all below-listed conditions satisfy, and LEI validation is applicable:
  • Debtor is a ‘Non-Individual’ i.e. Customer Type of the Debit account customer is not ‘Individual’.
  • LEI is not maintained for the Debtor in the India Payments Customer Preferences (PMDEXLEI) or LEI is maintained but the Value Date of the transaction is more than the LEI expiry date.

Beneficiary LEI

The Beneficiary LEI field is optional. If the user inputs a value, then the system checks the length of the value. If the length is not 20 characters, the system displays the error.

LEI Validation Failure

In case of LEI validation failure:
  • For manually booked transactions, the error message is shown on enrich user action.
  • For uploaded transactions, the transaction is rejected outright.

Parent topic: NEFT Outbound Payment Validations