Which of the following differences are between Non-Banking Financial Companies (NBFCs) and Banks?
1. NBFCs can accept demand deposits.
2. NBFCs do not form part of the Payment and Settlement System.
3. NBFCs are under the purview of the deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation.
Select the correct answer using the code given below
1
1 only
2
2 only
3
3 only
4
1, 2 and 3