Well, I also got an SMS @ 11PM. But when I check my bank @ 8PM there was no money so they deposited it after 8 PM. Looks like Indian Banks are working in night shifts. Mine is HDFC Bank.
Dont panic dude. PayPal is working fine. ppl have received withdrawal today in various bank a/c. Me received payment to my axis bank a/c today... Paypal problem never comes for specific bank.