Why is my net banking payment taking longer to be paid out?

Payments made via Net Banking are usually made available for payout within T+2 business days. However, payments made after 8.00 PM IST can take up to T+3 business days to be made available.

This delay is due to varying cut-off times set by different banks. A cut-off time is the deadline after which transactions are processed on the next business day. For example, if State Bank of India (SBI) has a cut-off time of 8:00 PM, any payments made after that time may be processed the next business day, leading to delays. However, the payment will be available in your next payout.