Government Savings Bank and BAAC Promote ‘Retirement Lottery’ for Savings Discipline

Bueng kan: The Government Savings Bank and the Bank for Agriculture and Agricultural Cooperatives (BAAC) are actively supporting the 'Retirement Lottery' initiative to enhance savings discipline among the population. This effort is part of a broader mission to encourage a culture of savings and provide a novel form of savings innovation known as the 'NSF Lottery' or 'Retirement Lottery.' According to Thai News Agency, the National Savings Fund (NSF), under the leadership of Ms. Charulak Ruangsuwan, Secretary-General of the National Savings Fund Committee, conducted a visit to Bueng Kan and Nong Khai provinces on July 21-22, 2025. The purpose was to hold discussions with the BAAC to advance the mission of promoting savings discipline among informal workers. The focus was on expanding the NSF member base and leveraging the BAAC's role in disseminating information about the NSF to effectively reach local target groups. During the visit to Bueng Kan province on July 21, Ms. Charulak, along with her team, engage d in discussions with Mr. Chaiprasit Simma, Director of the BAAC Bueng Kan Provincial Office, and other provincial executives. The meeting aimed to exchange information on the current savings situation in the area and explore guidelines for expanding the NSF membership. The BAAC's influence as a key partner in publicizing the benefits of the NSF was emphasized to ensure comprehensive outreach at the local level. The following day, on July 22, Ms. Charulak proceeded to Nong Khai Province, where she met with Mr. Surapol Pholyot, Director of the BAAC Nong Khai Office, and other executives. The discussions centered on cooperation in public relations, driving savings policies, and raising awareness of the 'GSB Lottery' or 'Retirement Lottery.' This field visit aligns with the GSB's proactive strategy to integrate efforts with partner agencies, aiming to broaden access to savings systems across all population groups and strengthen financial discipline. The ultimate goal is to support sustainable retirement income security for the future.