CABI­NET NOD SOUGHT FOR IN­AC­TIVE DE­POSITS MOVE

The Nation - - BUSINESS -

The Min­istry of Fi­nance will ask the Cabi­net to con­sider a draft law to man­age in­ac­tive de­posits that would help Thai­land’s trea­sury cash bal­ance in De­cem­ber, while in­sist­ing that the mea­sure would help both de­pos­i­tors and fi­nan­cial in­sti­tu­tions.

Suwit Ro­jana­vanich, fi­nance spokesman and di­rec­tor-gen­eral at the Fis­cal Pol­icy Of­fice (FPO), said that the Coun­cil of the State and Na­tional Leg­isla­tive Assem­bly would also re­view the le­gal draft af­ter the Cabi­net.

Un­der the draft law be­ing cir­cu­lated, the min­istry would bring de­posits of more than Bt2,000 that have been in­ac­tive for 10 or more years into the na­tion’s trea­sury cash bal­ance. De­pos­i­tors or their heirs would be able to make a claim for with­drawal at any time.

In­ac­tive de­posits now to­tal about Bt10 bil­lion.

Newspapers in English

Newspapers from Thailand

© PressReader. All rights reserved.