Best Interest Rate for Retirement Funds Kalasin Immigration

[opporna]

I have a friend who is not that internet savvy, and he has his 800,000 retirement funds in a regular Kasikorn account. I would like to try to get him a higher interest rate, but I'm afraid that Kalasin would mess him up, so I'm looking for others with experience in this specific office. When he renews, he must show monthly money going in and out, for example, so that worries me about getting a CD or time deposit. Also, I know SCB is best for their 1.5% e-account, but I'm worried Kalasin would not accept an account with no passbook.

Any help with this would be highly appreciated.

Edited November 3, 2022 by opporna

[Henryford]

Do you have to show money going in and out? News to me. I thought many had their 800k just sat in a fixed account. The only criteria is that you can withdraw it quickly if needed.

[opporna]

6 minutes ago, Henryford said:

Do you have to show money going in and out? News to me. I thought many had their 800k just sat in a fixed account. The only criteria is that you can withdraw it quickly if needed.

Apparently you have to be very careful--different offices have different criteria, which is why I'm asking for information specific to Kalasin.

[DezLez]

I run a number of Bangkok Bank accounts.  I keep One fixed deposit account with the 800,000, no ATM or online facility and the only transaction is the annual interest.  A second account I use for daily living expenses.  I always make both available to the IO (CM) at renewal time but only get the letter for the Fixed account.  They only glance at the two passbooks.

[carlyai]

Hi, I am with Kalasin Immigration.

I look at it this way: as part of your visa requirement you need to have the B800000 in a bank account. Just park it in a reputable bank, fixed deposit and forget about it.

I Have a Bangkok Bank fixed deposit for for the B800000, I just leave it there and forget about it. I show Kalasin Imm once a year.

If you're going to chase interest rates then you have to remember the rules about the time it has to be actually in the bank, ...months before ....months after...too complicated for me.

Also the person with the retirement visa has to open a new account, so they would be bank hopping, a pain.

Extra interest is probably less than B 5000 anyway. ????