Which is incorrect about NBFC (Non-Banking Financial Company ?
a) It cannot accept demand deposits
b) deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks
c) NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself
d) NBFCs cannot offer interest rates higher than the ceiling rate prescribed by RBI from time to time. The present ceiling is 12.5 per cent per annum
e) The deposits with NBFCs are not insured