GSB campaign aims to entice poor to save

Corporate April 20, 2018 01:00

By The Nation

The Government Savings Bank has introduced the latest saving deposit for welfare-card holders by offering a yearly 3 per cent interest rates along with a five-year tax exemption for those who make a monthly deposit of Bt100 to Bt1,000 continually for five years.

The plan is meant to support savings of the country’s lower-income people, said the bank’s president and CEO Chatchai Payuhanaveechai yesterday.

The bank expects 100,000 accounts to be created for the campaign, which has just kicked off, he said