- The net banking is an environment friendly way of making transactions.
- The net banking system has automatic bill payment.
- It is very convenient for the users.
- The net banking service eradicates the traditional geographical barriers by reaching out to customers of different countries/legal jurisdiction.
- The net banking service also adds a new dimension to different kinds of risks traditionally associated with banking. It also heightens some of the challenges and gives solutions to challenges.
- The net banking service also secure the banking transactions and has a validity of electronic contract, customers’ privacy and so on.
- The net banking poses as a strategic risk of loss of business to those banks who do not respond in time to this new technology.
