Which of the following statements are true in context of Statutory Liquidity Ratio (SLR)?
1. They are regulated under Banking Regulation Act 1949.
2. It is mandatory for all scheduled commercial banks, local area banks, Primary (Urban) co-operative banks (UCBs), state co-operative banks and central co-operative banks in India to maintain the SLR.
3. Banks get a return on SLR.

A. 1 and 3 are correct

B. 2 and 3 are correct

C. 1 and 2 are correct

D. 1, 2 and 3 are correct

Answer: Option D