<h1>RBI Confirms Aadhaar Card as Valid ID for Bank Accounts Under KYC Scheme, Acceptable for Identity and Address Proof.</h1> The Reserve Bank of India (RBI) has confirmed that the Aadhaar Card is an acceptable proof for opening bank accounts under the Know Your Customer (KYC) scheme. According to RBI circulars from 2011 and 2012, banks are instructed to accept the Aadhaar letter from the Unique Identification Authority of India (UIDAI) as a valid document without restrictions applicable to small accounts. If the address on the Aadhaar matches the one provided by the account holder, it can serve as proof of both identity and address. This information was provided by a government official in response to a parliamentary question.