online MBA

Hi Namit,
As per the official page of the website, the programme offers:
Student Portal and Online materials
Students get access to an exclusive Student Portal after enrolment where they get all the details of their course and they will be supported by Online study materials also.
WEBINARS - live/archived
Periodic Webinars will be organised exclusively for NIBM students by eminent faculties. The schedule for the said webinars will be updated in the NIBM website well in advance.
NIBM Mobile APP
Mobile App (Android / iPhone) : You can download NIBM App by way of searching through Play Store or App Store and can avail all the services in your mobile.
Email Support
At NIBM, students will have the privilege to clear their doubts by raising queries through emails. Our eminent faculty is committed to clarify the doubts raised by the student immediately.
NIBM Fast Track Program
The NIBM Fast Track program is designed for the students to reduce the time duration for completing their courses. This is a golden opportunity for students to acquire higher management qualification within a short time frame. Students can opt for this facility at the time of taking admission or within two months of enrollment.
Dispatch of Study Materials
The dispatch of study materials to the students will commence in 7 days after the enrollment of the student. Students will receive the study materials in Printed Format and will get "Online Study materials" also in their "Portal". The CD format of the course materials will be provided on remittance of a nominal fee.
Faculty
NIBM faculty department comprises of eminent academicians, senior executives, and successful industrialists. They are totally engaged to assist the dissemination of knowledge for the benefit of the students.
Payment
NIBM presents a new payment option for students through our secure online payment gateway. You can now make all your payments online using a debit card, credit card or through online fund transfers. This way you can gain admission into your program in less than three minutes.

Hi Naveen,
If you have time, online MBA would be a great idea and if you have a paucity of it, then go for distance/correspondence. Some of the popular university offering distance MBA are:
Narsee Monjee Institute of Management Studies (NMIMS), Global Access School for Continuing Education (NGA-SCE)
Institute of Management Technology, Centre for Distance Learning
IGNOU
Sikkim Manipal University Directorate of Distance Education
Online MBA Colleges:
EINS Education, Welingkar Institute of Management, Mumbai
Amity Directorate of Distance and Online Education, Amity University, Ranchi
MICA Online Programs Talentedge, Bokaro Steel City
For more information on this, please follow the link:
https://www.shiksha.com/mba/colleges/online-mba-colleges-india?uaf[]=location&ts=12271018&rf=filters&ed[]=et_21::dm_39

Yes, do it from the best Institution. It will help you to gain good MBA degree.
There are tons of universities in India that are offering distance learning MBAs.
I am assuming that you already have a job.
So, finally it boils down to what are your expectations from the MBA you get.
Increase the brand equity of your CV, and you will manage career progress yourself. Then you can try pursuing the Distance MBA course from any B-school in your state. A few of them, I have listed below:
IMT Ghaziabad -1 Year MBA & PGDM Distance Learning program- IMT Ghaziabad
Symbiosis -Symbiosis Centre For Distance Learning, Distance Education, India-
Sikkim Manipal University -http://smude.edu.in/smude/lp/lp-.
However, if you are looking forward to increase the brand equity of your CV as well as get assistance with placement. I wish to recommend you the following programs that are a little more engaging
IIM Kozhikode EPGDM - 2 year program for working professional (you can continue doing your job)