What are the requirements and options for obtaining a Non-O retirement visa in Thailand, especially regarding the bank balance requirement?

To obtain a Non-O retirement visa in Thailand, you need to maintain 800,000 THB in a Thai bank account for at least four months prior to your application. While some may recall alternatives like treasury bonds, the consensus is that keeping this amount in a Thai bank account is the only recognized option, as other financial instruments do not satisfy visa requirements. Alternatively, retirees can opt for monthly income transfers of 65,000 THB instead of the lump sum. Some discussions indicate potential interest loss due to low returns on Thai bank deposits, leading many retirees to consider financial strategies that involve retaining funds in their home countries. Plus, the Thai Elite Visa allows for an extended stay without the bank requirement.