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<h1>Mode of repayment rules require non-cash account-payee or electronic transfers for large loan or deposit repayments, subject to exemptions.</h1> Specified repayments of loans, deposits or specified advances at or above a prescribed monetary threshold must be made by account payee cheque, account payee bank draft in the payee's name, or by electronic clearing/other prescribed electronic modes; a banking company or co operative bank branch may alternatively credit the payee's savings or current account at that branch. The measure applies to individual or aggregate amounts including interest and includes specified exemptions for Government, certain banks, statutory corporations, government companies and notified institutions.