Consider the following statements about a Non-Banking Financial Company (NBFC):

  1. An NBFC cannot accept demand deposits;
  2. An NBFC is not a part of the payment and settlement system
  3. An NBFC cannot issue cheques drawn on itself
  4. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available for NBFC depositors

Which among the above is/ are correct statements?

[A] 1
[B] 1,2
[C] 1,2,3
[D] 1,2,3,4
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