File photo for reference only

 

In a stroke of luck that has caught the attention of Bangkok residents, Danai, a local man, has become the fortunate winner of a massive 40 million baht jackpot from a special one-year digital Government Savings Bank (GSB) bond. The news comes as a delightful shock, marking a life-changing moment for one of GSB’s customers.

 

The GSB Social media page recently announced the win, confirming the authenticity of the prize and extending congratulations to Danai. Known to be a regular customer at The Mall Bang Khae branch, Danai's good fortune carried a delightful additional perk—the entire jackpot prize was awarded without any tax deduction, allowing him to pocket the full amount.

 

 

Danai, overwhelmed by his windfall, initially questioned the reality of his newfound wealth. To reassure himself, he requested his younger brother to verify the outcome directly at the bank. The truth of his win was indeed confirmed, leaving Danai in a state of unbelieving excitement as he continues to come to terms with the significant sum.

 

This jackpot, part of an initiative through a special one-year digital bond, is not only noteworthy because of its size but also due to its tax-free status, creating even more appeal for potential participants. The story of Danai's win has spread, highlighting how one digital bond purchase can dramatically alter one's financial landscape.

 

-- 2025-01-21

 

 

For the Brits, is this the Thai version of the Premium Bonds?

Good luck to the fella, hope he enjoys it and keeps the vultures at bay.

Suddenly, cousins he never knew he had  will be asking for some "help".

4 hours ago, hotchilli said:

Good luck to the fella, hope he enjoys it and keeps the vultures at bay.

Unlikely. He had to request his younger brother to verify the win at the bank ...

 

Just as in The West, big winnings are mostly all gone after a couple of years and nothing much to show for it. 'Happiness' is short-term.

so how come this does not come with a TAX owed on that money? 35% should be deducted, no?

 

they do in big US game shows... you won 1.000.000 $  minus 333.333 $  unless you decide to get 50k a year for 20 years...

23 hours ago, Briggsy said:

For the Brits, is this the Thai version of the Premium Bonds?

Sort of.

you invest in a fixed term bond which you can’t touch or withdraw.  They have a draw every month and 1 person wins.  This big win is the January special, it’s normally about 1 million each month.

7 hours ago, Justanotherone said:

so how come this does not come with a TAX owed on that money? 35% should be deducted, no?

 

they do in big US game shows... you won 1.000.000 $  minus 333.333 $  unless you decide to get 50k a year for 20 years...

 

Because it's clearly stated in the terms and conditions that these prizes are tax-exempt. 

 

On 1/21/2025 at 7:13 PM, Briggsy said:

For the Brits, is this the Thai version of the Premium Bonds?

No.

9 hours ago, Justanotherone said:

o how come this does not come with a TAX owed on that money? 35% should be deducted, no?

they do in big US game shows...

Because those are the rules and this is not the US.  

2 hours ago, krabi local said:

Sort of.

you invest in a fixed term bond which you can’t touch or withdraw.  They have a draw every month and 1 person wins.  This big win is the January special, it’s normally about 1 million each month.

So nothing like PBs, then.