IT IS VERY EXPENSIVE:-
Currently bank is offering this facility free of cost. The only cost you might incur is the charges that you have to pay to your cellular service provider
IT IS VERY COMPLICATED:-
This is far from truth. In-fact mobile banking transactions are very simple. Now you can get the information even by sending sms also. It also enables you to do your banking transactions at any place from any given point of time. You need not to have any net connections or laptop/PC for using this mode of banking.
MOBILE BANKING IS NOT SAFE:-
It is a safe mode of banking In fact on application based banking transactions are not vulnerable to attacks as they have end to end encryption. End to end Encryption means the transaction is coded and passed on and it can be decoded at the intended destination.
Further transactions have to be authenticated by using Pin.
Another security feature is that transaction is accepted from your phone and you will get response on your phone only.
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