Mode of repayment for special bearer bonds now requires account-payee cheque or bank draft payable to the named payee. Section 269TT requires that the amount payable on redemption of Special Bearer Bonds, 1991 shall be paid only by an account payee cheque or account payee bank draft drawn in the name of the person to whom such payment is to be made, notwithstanding anything contained in any other law for the time being in force.