Consider the following statements about Savings Accounts in India:

1. Savings Accounts are eligible for Resident Indians above 18 years, with accounts for minors below 10 years opened by guardians.
2. The current interest rates on Savings Accounts typically range from 2.7% to 3%, with some banks offering up to 3.5%.
3. Interest income up to Rs.10 lakh per year from Savings Accounts is exempt from income tax.

Which of the above statements is/are correct?