Due to time constraints a number of time we undertake the NEFT transfer after the cut off time and we are worried that when the funds will be credited. Have a look at below explanation from a prominent bank which will put your all worries at bay.
In case the funds transfer request has been initiated after the RBI cut-off for the day; than following actions take place simultaneously:
This request will be presented to RBI on the next working day for further processing.
The funds will be debited from the account immediately.
While making the payment, you are generally presented with the screen which says “Please press 'OK' to continue or 'Cancel' to cancel the request” and thus you know the time when your funds are likely to be credited in other bank executed through NEFT. We feel that it is nothing less than a revolution in itself.