NEFT Transaction Cut off Time is Exceeded Means

Today Monday morning, I was emergency for transferring fund from my online PNB account to my SBI account for this, I used NEFT option for transfer my money but it was giving me the trouble. It is showing "NEFT Transaction Cut off time is exceeded"

I think, like me there are lots of other clients of bank who are facing same problem. So, it is better to mention its meaning in Accounting Education for better understanding ofbank's online account. 

As per PNB help center, it has been mentioned,  " The fund transfer takes place within the same day if it within the cut-off time and the next working day if it is beyond the cut-off time prescribed. It is a batch settlement mode."

If you still could not understand, I define it in simple words.

NEFT Transaction Cut off Time is Exceeded Means NEFT will not transfer your money if you are late or you earlier from its given time for transferring money through NEFT.

As per ICICI, banks NEFT time is fixed 

NEFT Transaction Timing from Monday to Friday: 

Start time 9:00 AM(IST)

Cut off time 6:30 PM(IST)

NEFT Transaction Timing on Saturday: 

Start time 9:00 AM(IST)

Cut Off time 12:30 PM (IST)

If you transfer fund through NEFT before or after this time, it will be NEFT transaction cut off time is exceeded. It is just like, you go bank 7 :00 a.m. but bank opens 10:00 a.m. Monday to Saturday. 

Update : As per talking with customer care of PNB, the time will start from 6:30 a.m. all other time schedule is just icici bank. Moreover bank holiday, NEFT department will not open, so you can not do any transaction through NEFT. For example, today is Mahaveer Jyanti and today is NEFT off. So, I could not transfer through NEFT.