What are the financial requirements for obtaining a yearly extension in Thailand while raising a Thai child?

To qualify for a yearly extension based on raising a Thai child, expatriates must demonstrate financial stability. The requirements include having either 400,000 baht in a Thai bank account under their name or a minimum monthly income of 40,000 baht. It is noted that discrepancies exist in the information available regarding parental visa extensions, with some sources suggesting a financial requirement of 500,000 baht. Regardless, having legal parental rights is essential to applying for this visa category.