Yes, one of my friends studied in Institute Of Distance Education (IDE) University Of Madras. He completed his Masters in Psychology from there.
According to him, you will have 10 theory classes per year and a 50% attendance is mandatory in those classes, otherwise you won't be able to sit for your examination. You will face a problem in getting your hall ticket generated.
In the second year with the theory classes, there will be classes for practicals on weekdays. Attendance on all 3 days is compulsory. Your schedule will become a bit hectic.
The practical exam will also be on a weekday. For this you will have to complete your record for the exercises done and submit it the examination date.