online MBA

Online MBA is a distance learning program that gives students an opportunity to take up MBA programs via e-mail and the internet. Through an online MBA program, students can study from home and at their own speed. Professionals can enjoy flexible timings with an online MBA and can easily balance work and study.
An online MBA prepares individuals to take up professional and leadership roles in domestic, international and government corporations, after graduation. As many online MBA aspirants are working professionals and executives, these programs are structured to prepare students to face the business world. Thus, online MBA programs are in sync with today's working world.
Eligibility requirements:
Aspirants need a graduate degree to pursue Online MBA programs.
You can refer the article for more details:
https://www.shiksha.com/online-mba-programs-article-4549-1

The difference as the name suggests is in the mode of study, both are designed for different sections of people and both are relevant looking at the cause for which MBA is being done.
Regular courses are classroom session courses where students have to attend classes, this is nothing but full-time MBA which requires your complete commitment for two years. This is the most preferred by recruiters and organisations.
Distance/ correspondence courses are more about self-study where the study material is sent to the student and they have to understand and learn it on their own. The main advantage of this is fees is low as compared to executive and full-time. In distance MBA, you'll have classes once or twice during the weekends, and you'll have exams twice a year.

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.