The norm has been relaxed for small accounts, viz., deposits up to Rs.50,000 and credit up to Rs.1 lakh. A simple introduction by an existing account holder in a bank should be adequate to open an account.
In this regard, Aadhar, the Unique Identification Number (UID) Project of the Central Government, which aims at providing a  8  BIS central bankers’ speeches  unique ID number for everyone in the country, will help the poor to establish their identity to meet the banks’ KYC norms.