Damn, this is getting intense. I've redeemed my cashback points, and it's taking some time as well.
Please stop panicking and have some patience. This isn't happening for the first time. New people probably haven't noticed the month-end delays in cashback redemption and points, but this is completely normal behavior for HDFC.
Most likely, as soon as I receive my cashback, everyone else's points will be reflected as well.