Hello there, @srujana .
Direct Deposits (DD) are made available to the employees' bank within the paycheck date. The submission of payroll needs to be approved before 5 pm PST at least two banking days before the pay date. Paychecks submitted after the cut off time will be processed on the next banking day.
You can learn more about the processing and approval cut off times through this link: Pay employees and contractors with direct deposit.
You can always get back here if you need more help. Have a good day!