Which of the following statement/s is/are the correct characteristic/s of NBFCs?
1. NBFCs cannot accept demand deposits.
2. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself.
3. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of bank.

A. 1 and 2

B. 2 and 3

C. 1 and 3

D. All of them

Answer: Option D