The National Savings Fund (NSF) has announced that its efforts to encourage retirement savings have led to over 530,000 clients in the past year.
Secretary-General of the NSF committee Jarulak Ruangsuwan revealed that the funds generated 4% returns this past year for its contributors. She said the fund aims to increase its client base to 1.2 million this year, especially among eligible students over the age of 15. The NSF will also collaborate with government agencies to encourage savings and launch a mobile application to easily monitor the funds.
She said the fund will continue to maintain over 80% of its portfolio in stable assets such as government and private bonds.
Those who wish to apply can present their national identification cards at any branch of the Krung Thai Bank, Government Savings Bank, Bank for Agriculture and Agricultural Cooperatives, provincial finance offices, community financial institution offices, and offices that operate National Savings Fund services nationwide.