A nationwide lockdown was initiated to prevent the worsening of the COVID-19 pandemic in India. This study aims to understand the impact of the lockdown on the well-being of Indians, mainly focusing on their life satisfaction and job satisfaction. Though, before the lockdown, family income was not related to life satisfaction, during the lockdown, it was found that higher income families experienced higher levels of life satisfaction. One's opinion on the beneficiality of the lockdown too was related to their level of income. Decline in both, job satisfaction and life satisfaction was seen. Gender, marital status and companions during the lockdown were significantly related to life satisfaction. Those who were married were more satisfied during the lockdown. Job satisfaction was irrespective of one’s gender, marital status and educational qualification. An attempt has been made to understand the embracement of work from home culture by Indians. The study also tries to answer if the time one spends on oneself and on social media impact their well-being. A lot of changes were seen in the lifestyle and state of mind of people. With change in working conditions and income for a majority of people, there was uncertainty as to when things would normalize. The importance of companionship during these hard times was also revealed. Like every coin has two sides, this too has its positive side. People have inculcated habits that have improved their lifestyle. A lot of people have also found this as an opportunity to work on their relationships.