Bangkok: The Government Savings Bank is actively promoting a savings discipline program aimed at educating Thai children on the importance of saving, with the government providing monthly contributions.
According to Thai News Agency, Ms. Jarulak Ruangsuwan, Secretary-General of the National Savings Fund (NSF), participated in a meeting dedicated to fostering savings habits among students. The focus was on imparting knowledge about the benefits and methods of saving money through the NSF, targeting school administrators, teachers, and educational personnel as key agents in transmitting this knowledge to children, youth, and parents. The aim is to establish a foundation of financial discipline from an early school age.
The meeting took place within the 10th Inspection Area and was chaired by Mr. Somjai Wisetthaksin, Inspector-General of the Ministry of Education. The event also involved site visits to evaluate the Ministry of Education's management of education for the second round in the fiscal year 2025. The evaluations were conducted in a mixed format, both onsite and online, with participation from representatives of various educational agencies, including the Primary Education Area Office, Secondary Education Area Office, Department of Learning Promotion, Office of the Vocational Education Commission, and Office of the Private Education Commission. The initiative covered five provinces: Bueng Kan, Nong Khai, Loei, Nong Bua Lamphu, and Udon Thani, from July 21-25, 2025.
Ms. Jarulak extended an invitation to students to begin cultivating financial discipline immediately. She encouraged students aged 15 and above to save money with the Government Savings Bank, proposing a small daily savings of 10 baht, amounting to 300 baht monthly. In the following month, the government would contribute an additional 150 baht for those aged 15-30, covering 50% of the contribution, not exceeding 1,800 baht per year. Once students graduate or start working, whether as civil servants or employees in private companies, they can continue their savings and enjoy tax reductions and interest from investments, although government contributions would cease once they start working.
Parents are also urged to save on behalf of their children. Interested individuals can apply for membership with the Government Savings Bank via the bank's application or seek more information through the Government Savings Bank Line account @nsf.th. The overarching goal is to ensure that Thai youth develop into financially responsible adults, equipped to plan for their future and secure long-term income stability, thereby leading a stable life in the future.