Which among the following is/are correct regarding demat accounts?

I. Minors can open demat accounts though it will be operated by a guardian. 

II. Demat account can't be opened directly with a depository. 

III. Demat accounts can only be opened for individuals and joint demat account. 

1
Only II 
2
Only III 
3
Both I and III 
4
Both II and III 
5
All I, II and III 

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