<h1>RBI Updates KYC Norms: Single Document for ID and Address Verification, Simplifies Account Opening Procedures.</h1> The Reserve Bank of India (RBI) has revised Know Your Customer (KYC) norms to simplify procedures and enhance financial inclusion. Banks can now accept a single document for both identity and address verification if the address matches the account opening form. Aadhaar letters and NREGA Job Cards are accepted as valid KYC documents. The requirement for an introduction from an existing customer is eliminated. Banks are encouraged to open 'Small Accounts' for individuals lacking official documents, adhering to limitations for these accounts. These changes aim to reduce public inconvenience and align with international standards.