Mode of Acceptance of Loans restricted to account payee and electronic methods for sums above threshold with exceptions. No person shall accept from another any loan, deposit or specified sum except by account payee cheque, account payee bank draft, electronic clearing through a bank account or other prescribed electronic mode when the amount or aggregate amount (including earlier unpaid amounts from the same depositor) is twenty thousand rupees or more; exemptions include the Government, banking companies, post office savings banks, co operative banks, statutory corporations, Government companies, notified institutions and transactions where both parties have only agricultural income and no taxable income, with a higher threshold for certain primary agricultural credit institutions.