Non Resident Indian subscriptions to chit funds permitted via banking channel on non repatriation basis, subject to regulatory conditions. The amendment adds an explanation to Regulation 4(b) permitting Non Resident Indians to subscribe to chit funds through the banking channel on a non repatriation basis, subject to authorization by the Registrar of Chits or an officer authorised by the State Government in consultation with the State, and to conditions prescribed by the central banking regulator; subscriptions are allowed without numerical limit and the regulation takes effect on publication in the Official Gazette.