Bangkok: The National Savings Fund (NSF) recently organized the "Friday of the Lucky Draw - Happy Savings with Retirement Lottery" event at Minburi Market in Bangkok. The event, which aimed to raise awareness and promote the "NSF Lottery," or "Retirement Lottery," attracted significant interest from market vendors and residents alike. Dr. Paopum Rojanasakul, Deputy Minister of Finance, and Ms. Jarulak Ruangsuwan, Secretary-General of the National Savings Fund Board, were present to lead the event and engage with the community.
According to Thai News Agency, Dr. Paophum emphasized the dual benefits of the "Retirement Lottery," which is designed to make saving fun and financially rewarding. The innovation offers participants the chance to win a million baht every week while simultaneously converting every baht spent into savings. This ensures that the principal sum remains intact and investment returns grow, contributing to a secure financial future and a happy retirement for all Thai citizens.
The "Retirement Lottery" is available as a digital scratch-off ticket, priced at 50 baht each. It is open to all Thai citizens aged 15 and over, with a maximum purchase limit of 3,000 baht per month. Tickets can be bought daily, with draws occurring every Friday at 5:00 PM. Winners receive their prizes instantly via PromptPay, and all ticket purchases are retained as savings in personal accounts, regardless of the outcome.
The weekly prizes include five 1st prizes of 1,000,000 baht for a six-digit match, and 10,000 2nd prizes of 1,000 baht for partial matches. Special jackpots may also be awarded. Any unclaimed prizes roll over to the next draw, increasing the jackpot.
All purchases are converted into savings with the Government Savings Bank. Upon reaching 60 years of age, savers will receive the full amount spent on tickets, plus investment returns. Individuals over 60 can also participate but must save for five years from their initial purchase.
In the event of the purchaser's death, the accumulated savings will be transferred to their legal heir or designated beneficiary. The initiative ensures that lottery purchases contribute to savings, providing a financial safety net for the future. For more information, follow the National Savings Fund on Facebook or through the GSB application.