Consider the following statements regarding Non-Banking Financial Companies.
1. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself.
2. NBFCs cannot accept demand deposits.
3. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs.
Which of the above statements is/are correct?
1
Only 1
2
1 and 3 only
3
2 and 3 only
4
1, 2 and 3
5
1 and 2 only