Mode of payment requirement expanded to include electronic clearing for loans and deposits above specified threshold. The amendment adds the use of an electronic clearing system through a bank account to the permissible modes under section 269SS for taking or accepting loans or deposits, which must be by account payee cheque, account payee bank draft, or electronic clearing where the amount of a loan or the aggregate of loans or deposits is twenty thousand rupees or more; the change takes effect from 1st April, 2015 and applies to assessment year 2015-16 and thereafter.