Net banking Vs. Mobile banking

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Today, when internet has brought everything closer to us, be it relations, shopping, or banking, a quest for available options always prevails. Since, human race has somehow begun to consider money of utmost importance, banking options are something to look into and ponder upon.

When it comes to banking solutions, two of the most important existing solutions of this time are mobile banking and net banking. But what are the comparison points?

Points of comparison

Availability
Mobile banking is accessible only through smartphones, but net banking can be accessed through any browser, be it mobile or laptop or desktop.
Security
Mobile banking is more secure, especially because of the security updates that keep on coming to market, on the other hand net banking is prone to viruses.
Ease of usage
Both of these are easy to use and transfer funds, and comfort solely depends on two factors

• What user is more comfortable with. Some people find laptop more comfortable, while others prefer mobile.
• The bank has made the net banking site responsive or not (this means if the site that opens in laptop browser can fit to mobile browser or not).

Time investment
Time investment depends on user comfort partially, but mostly mobile banking is faster and more efficient. For example, when you use Axis bank’s net banking, you need to wait 2 hours before you can transfer funds after adding a person’s as payee. On the other hand, its mobile banking app does this instantly.
Incurring Expenses
Mobile banking is said to be a lil more expensive as compared to net banking, of course better services come at certain cost.

Not only is it important to understand the differences between the two, securiy is also a factor that should be kept in mind. Be safe, keep your finances safe.