Mode of repayment of certain loans or deposits.

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.... advance received by it, except through-- (i) an account payee cheque; or (ii) account payee bank draft drawn in the name of the person who has made the loan or deposit or paid the specified advance; or (iii) by use of electronic clearing system through a bank account, or any other prescribed electronic mode, if,-- (A) loan or deposit or specified advance, together with the interest, if ....

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....nt account, if any, with such branch of the person to whom such loan or deposit has to be repaid. (3) Sub-section (1) shall not apply to repayment of any loan, deposit, or specified advance taken or accepted from- (a) Government; (b) any banking company, post office savings bank, or co-operative bank; (c) any corporation established by a Central, State, or Provincial Act; (d) any Governme....