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Permanent Resodence - 800,000Baht in the bank?


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Just had one of my adult farang uni students telling other farang adult class members:

 

- To get Thai PR you now have to (in additional to other known factors) prove you have 800,000Baht in the bank. If PR is granted it gets transferred to a 'gov't' holding account and on your death automatically transfers to the general overall wealth of Thailand. Student says this is a new recent item for PR.

 

I have PR (more than 2 decades), never heard of anything like this.

 

Is this correct? 

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