Consider the following statements and identify the right ones.
1. NBFCs can accept demand deposits
2. Deposit insurance facility of DICGC is available for NBFC depositors.
1 only
1 only
both
none
Explanation:
NBFCs cannot accept demand deposits. Deposit insurance facility of DICGC is not available for NBFC depositors.
NBFCs cannot accept demand deposits. Deposit insurance facility of DICGC is not available for NBFC depositors.