Correct option is (d) 1, 2 and 3
2018: Government's EASE framework for Public sector Banks provides for developing mobile app to locate nearest ATMs (so that can be possible only via GPS.) In 2016, PNB bank had already launched android mobile apps enabling the customer to locate nearest PNB ATM using GPS. so, yes second statement is right, GPS can indeed be used in Banking operations.
2016: The Department of Telecom has mandated that mobile phones sold in India will come with a dedicated 'panic button and Global Positioning System (GPS) facility that can be used to send out a signal in case of distress. This is aimed at improving the safety of women and ensuring a quick response from security agencies. So, first statement is right. Thus we are left with correct answer, d: 1, 2 and 3.