Bangladesh-based NCC Bank has introduced a new digital savings product designed to direct retail deposits toward environmentally sustainable investments, marking a significant step in the bank's transition toward green banking.

As reported by The Business Standard, the product — named NCC NeoX and launched under the slogan "Go Digital, Go Green" — allows customers to open accounts entirely online, complete e-KYC verification, and receive a recyclable debit card. Funds held in the account will be channelled into green initiatives spanning renewable energy, waste management, and sustainable agriculture.

The account was inaugurated at the bank's annual business conference by Chairman Md Nurun Newaz Salim, who said the NCC NeoX product offered customers "an important opportunity to engage in green financing," allowing them to access modern digital banking services "while also contributing to environmental protection."

Managing Director M Shamsul Arefin described the account as a reflection of the bank's dual commitment to digital transformation and responsible banking, stating it would make customers "partners in long-term economic and environmental well-being by supporting environmentally friendly initiatives."

Account holders will benefit from competitive interest rates, free internet banking, SMS alerts, and recognition as green banking partners — positioning the product as both a financial and reputational proposition for environmentally conscious retail customers.

The initiative arrives as financial institutions across South and Southeast Asia face growing pressure to align retail banking products with sustainability frameworks and national green finance strategies. By embedding green investment criteria directly into a consumer deposit product, NCC Bank joins a small but expanding cohort of regional banks restructuring their retail portfolios around environmental outcomes.

Discover the full details of NCC Bank's NeoX account and its green banking strategy in the complete story.