Yes. The below notification UGC endorses this.
UGC Notification No. F. 1-1/2020(DEB-I) dated 4th September 2020 – Part VI, Page 79, Point. 22 -
Equivalence of qualification acquired through Conventional or Online Learning:
Degrees at undergraduate and postgraduate level in conformity with UGC notification on
Specification of Degrees, 2014 and postgraduate diplomas awarded through Online mode by Higher
Educational Institutions, recognized by the Commission under these regulations, shall be treated as
equivalent to the corresponding awards of the Degrees at undergraduate and postgraduate level and
postgraduate diplomas offered through conventional mode.