Advantages of net banking:
- Online account opening is fast and easy as compared to
traditional filling forms to open a bank account.
- It is convenient to pay bills via online net banking which was
time taking through traditional methods (cheque or Demand
Draft)
- You can keep an eye on your transactions any time you want
which won't be possible in the traditional banking system.
- Transferring/Receiving of funds and getting messages has become
very convenient.
Disadvantages of net banking:
- At first, Understanding the usage might be difficult.
- Internet connection is a must.
- Security of transactions is a big issue.
- You need to secure your passwords. Forgetting or leaking the
passwords can be troublesome.
Please do rate me and mention doubts, if any, in the comments
section.