E-deposit books not yet introduced in Thailand

BANGKOK, January 4 (TNA) - All commercial banks in Thailand have not yet introduced electronic deposit books to serve their clients, but the new measure is expected to be generally launched in the country in the foreseeable future. Preyanuch Chuengprasert, Senior Director at the Regulatory Policy Department of the Bank of Thailand (BOT), told journalists of the information on January 3, confirming that all commercial banks in the country have maintained the conventional system, in which all their clients need to hold their individual paper-based deposit books although some commercial banks have introduced e-slips for some of their deposit products as an alternative for some groups of their clients. Preyanuch suggested that any commercial bank, planning to revoke the paper-based deposit books, notify the central bank for an official approval first to legally comply with the BOT's market conduct to ensure and sustain the fairness and convenience of all groups of its clients. The BOT senior director said people are all welcome to access to the BOT web-link, https://www.1213.or.th/App/MCPD/DepositApp, if they have any enquiry or seek for more information. (TNA)