“Internet banking enables bank customers to handle account management and perform account transactions directly with the bank through the internet. This is also known as internet banking. Online banking has made personal and business banking faster, more efficient and safer”.

Every service offered by any company or institute have its own advantages and disadvantages. Same here internet banking is a service which is offered by banks. Its disadvantages are given as below:
Advantages of Internet BankingThere are plenty of perks offered by banks to customers who adopt internet banking over the traditional visit physically to the nearest branch office.
Convenience: This is the single most important benefits that outweigh any shortcoming of internet banking. Making transactions and payments right from the comfort of home or office at the click of a button without even having to step out is a facility none would like to forego. Keeping a track of accounts through the internet is much faster and convenient as compared to going to the bank for the same. Even non transactional facilities like ordering check books online, updating accounts, enquiring about interest rates of various financial products etc become much simpler on the internet.
Better Rates: The banks stand to gain significantly by the use of internet banking as it implies lesser physical effort from their end. The need to acquire larger spaces for offices and employ more staff to deal with the customers is significantly reduced making it financially beneficial to the banks. This means that a portion of savings accrued can be passed on to the customers in terms of higher rates on deposits and lower rates on loans. To encourage internet banking most banks offer minimum or no deposit accounts for online banking and lower penalties on early withdrawal of Fixed Deposits.
Services: Technology has made it extremely