Does an online degree or a degree got through distant education have value with respect to gettting a job?Will doing a bachelors AND a masters degree not through traditional classroom courses affect my job possibilities?

yes there is a difference in doing studies thru distance mode and regular. regular education gives u more exposure than distance. my suggestion is to do regular.

Look it all depend upon you b'coz first you have to check it out whether the University has been recognised by UGC or not. If it is then its always hepl you to go higher and higher. Secondary study never effects job, instead of disturbing it increases you value day by day as u achieve experience as