Mode of repayment of loans or deposits: must be by account-payee cheque, bank draft or credited to account beyond threshold. Section 269T mandates that repayments of loans or deposits by banking company branches, co-operative banks, companies, co-operative societies, firms or persons must be made by account payee cheque or account payee bank draft in the payee's name where the single repayment or the aggregate repayments with interest reach the statutory threshold; banking company or co-operative bank branches may alternatively credit the amount to the payee's savings or current account. 'Loan or deposit' means money repayable after notice or after a period and includes such loans or deposits for non-company payees.