Account-payee cheque requirement under section 269T excludes ordinary sale proceeds held by commission agents unless retained by direction. Ordinary sale proceeds of agricultural commodities kept by a commission agent (Kachcha Arhatiya) are not treated as a deposit by the agriculturist and their repayment is not covered by section 269T; however, if the commission agent retains the amount pursuant to a direction from the agriculturist, the retained sum assumes the character of a deposit and repayment will be subject to section 269T's account-payee cheque/bank-draft requirement.