1) The Reserve Bank of India has recently simplified Know Your Customer (KYC) norms for opening bank accounts to make the process easier for the common person. 2) Key simplifications include accepting a single document for proof of identity and address, no separate proof of address required if different from document submitted, and no additional KYC needed to transfer accounts within the same bank. 3) Those without valid documents can open "small accounts" with restrictions, and some relaxations have been provided for low risk customers and self-help groups.