Bangkok: Government Savings Bank – BAAC invites Thais to save money, government joins, and moves forward to create understanding of “GSB Lottery” to fight against the aging society.

According to Thai News Agency, the National Savings Fund (NSF), led by Ms. Jarulak Ruangsuwan, Secretary-General of the National Savings Fund Committee, along with executives of the Bank for Agriculture and Agricultural Cooperatives (BAAC), led by Mr. Seksan Chanthakwang, Deputy Managing Director, met with executives of the Southern Region Branch Office. The meeting aimed to explain the NSF’s mission and publicize the Government Savings Bond Project for Old Age, or ‘GSB Bond’, which serves as a significant mechanism to motivate all groups of people towards the awareness of long-term savings, thus creating a stable life insurance policy for the future.

The Government Savings Bank provides a flexible fund option for Thais lacking pension benefits, targeting informal workers, farmers, freelancers, vendors, and students aged between 15 and 60. Savings can start from as low as 50 baht, with a ceiling of 30,000 baht per year. The government will match the savings based on age, up to 100%, but not exceeding 1,800 baht annually, ensuring that members have financial security upon retirement.

As of June 30, 2025, the GSF boasts over 2.7 million members, with total fund assets valued at more than 15,152.97 million baht. BAAC plays a crucial role as a partner agency, facilitating access to the benefits of the GSF through convenient membership registration and serving as a primary savings channel nationwide.