<h1>Finance Ministry Eases Bank Account Opening with Aadhaar KYC; Self-Declared Address Accepted, Aadhaar Address Unchanged.</h1> The Department of Revenue, Ministry of Finance, clarified that recent amendments to the Prevention of Money-laundering Rules ease the use of Aadhaar KYC for opening bank accounts, not for changing the address on Aadhaar cards. This change facilitates individuals, especially migrants, in using a self-declaration of their current address while retaining their Aadhaar's original address for banking purposes. The amendment allows a self-declared local address to suffice as proof for opening a bank account, without altering the Aadhaar address. This adjustment aims to simplify banking access for those frequently relocating for work.