well it really depends on what you do with it. if you are a seller go for premium or business (depending on how much you sell). if you just want to buy stuff online then keep it personal.
i was wondering is there any specific advantage of having a premium or business account.
Now a days paypal is charging transaction fees in any case so that's not a big problem.
what does net builders suggest in such case should i go for premium.
I currently have verified personal account.
It is usually a good idea to separate business and personal transactions for tax reporting reasons. Also, you probably want to let your buyers see that you have a premier/business account rather than personal on the payment transaction page.
Also, with bank accounts, have a personal and a separate business banking account.
Then you can avoid a lot of stress later when you are making money from the web and need to fill in your tax return form.
If you are working by yourself, then I think a Pay Pal Premier account is all you need for business. The business account seems to be needed when you are likely to have other partners/employees working with you (where they may log into your account) or you are a company entity rather than using just your name.