Bank of Maharashtra (BoM) was founded in the year 1935 and started operations in the year 1936. In the year 1946, a wholly owned subsidiary of the Bank i.e., The Maharashtra Executor and Trustee Company was incorporated. After nationalisation in the year 1969, the bank started growing in leaps and bounds and became an autonomous body which helped the Bank to provide various simplified services independently, without the intervention of the Government. It has a wide network of 1846 branches and 1864 ATMs spread all over the country.
The Bank offers varied products and services which includes deposit accounts, retail lending, lending to small and medium sectors, export finance corporate loans, foreign exchange, etc. They also have captured the Credit Card area in collaboration with the State Bank of India. The card offers various rewards with attractive redemption options and offers from popular brands which are above 300 in number. The multiple payment options, availability of cash advance and instant cash are the special features of the card.
Besides, Mahabank Kisan Credit Card (MKCC) is also offered as a working capital line of credit for easing out farmers? expenses related to cultivation of crops and allied agricultural activities.
Bank of Maharashtra in collaboration with SBI offers Credit Cards that are accepted globally.
The following are the types of Bank of Maharashtra Credit Card
The features and benefits of Bank of Maharashtra Credit Card are listed below:
Balance Transfer: The outstanding balance on other bank cards can be transferred to Bank of Maharashtra Credit Card for a lower interest.
Instant Cash: Place a request through online option or by calling the Credit Card customer care helpline and get instant cash up to the approved credit limit into your account through NEFT within 48 hours.
EMI Option: Purchases made on the card can be converted into EMI and paid in easy instalments.
Utility Bills Payment: Payment of utility bills has been made very easy through Register and Pay, AutoPay and Fast Pay options.
Insurance: Insurance cover for personal accident and lost/ stolen card liability is available.
Easy Channels: You can get updates about your card either by logging in into their official website or through their mobile app. A facility for real-time updates vide SMS to your registered mobile number is also available.
Add-on card: Add-on card facility is available for the family members of the cardholder.
Rewards: Numerous rewards can be earned on transactions using the card. These points can be redeemed for an array of gifts in their catalogue or for vouchers of leading brands.
Global acceptance: The card is accepted at around 24 million outlets across the globe including 3,25,000 outlets in India.
Railway Ticket: Online purchase of railway ticket is enabled.
Fuel Surcharge: Fuel surcharge of 1% of the transaction for transactions between 500 to 3000 across all the petrol stations across the country waived. The maximum waiver allowed is 100 per month.
Grace Period: If all the outstanding balances are paid, then an extended credit period of 20 to 25 days is given for all retail purchases.
The following are the detailed features of Bank of Maharashtra Credit Card
Name of the Card | Features |
Bank of Maharashtra-SBI-Gold Card and others |
o Log in to your SBI online account and place a request. o SMS BT to 56767 o Call the customer care numbers 39 02 02 02/ 1800 180 1290 and place a request.
Offer valid for only 1 transaction per card on Saturdays and Sundays only.
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Bank of Maharashtra-SBI-Platinum Credit Card |
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It should be noted here that the BOM Credit Card come packed with over 300 offers and only a few these are mentioned above.
The details of the rewards of Bank of Maharashtra Credit Card are as given in the table below:
Name of the Card | Rewards | Special Rewards |
Bank of Maharashtra-SBI-Gold Card and others |
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Bank of Maharashtra-SBI-Platinum Credit Card |
The gift vouchers will be sent to the registered mobile number within 15 days of placing a request. Except for Yatra, the gift vouchers can be redeemed by showing the code at the stores, For Yatra, you can redeem the voucher by giving the code online while making a purchase.
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For redemption at Yatra, the code has to be mentioned while making a purchase online.
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The details of fees charged for Bank of Maharashtra Credit Card are as given below:
Name of the Card | Joining Fee | Annual Fee |
Bank of Maharashtra-SBI-Gold Card | 499/- | 499/- Annual fee is waived from 2nd year onwards on an annual spend of 1 Lakh in the previous year |
Bank of Maharashtra-SBI-Platinum Credit Card | 2999/- | 2999/- Annual Fee is waived on an annual spend of 2 lakhs in the previous year |
The charges for Bank of Maharashtra Credit Card are mentioned below:
Name of the charge | Amount | ||||||||||||||
Finance charge | 3.35% p.m | ||||||||||||||
Cash advance charges | 2.5% of the transaction amount, subject to a minimum of 300/- for withdrawal at domestic ATMs. 3% of the transaction amount with a minimum of 300/- for withdrawal at International ATMs. | ||||||||||||||
Cheque pick-up fee | 100/- | ||||||||||||||
Cheque fee | RS. 100/- for payments through cheque up to 10,000. | ||||||||||||||
Cheque bounce charges | 2% of the cheque amount with a minimum of RS. 450/- | ||||||||||||||
Duplicate statement charges | 100/- for a statement which is two or three months old | ||||||||||||||
Delayed payment charges |
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Card Replacement charges | 100/- | ||||||||||||||
For usage of the card over and above the limit | 2.5% of the limit overdrawn with a minimum of RS. 500/- | ||||||||||||||
Emergency card replacement when overseas | Actual cost with a minimum of US$ 175 | ||||||||||||||
Foreign Currency Mark-up fee | 3.5% of the transaction | ||||||||||||||
Rewards redemption charges | 99/- | ||||||||||||||
Cash payment charges | RS. 100/- | ||||||||||||||
Railway ticket surcharge | 30/- plus 2.5% of the transaction when booked at railway counters. If booked online 1.8% of the transaction amount |
You can either visit the bank branch and apply for the same or follow following steps to apply for the Credit Card through MyMoneyMantra. The process is fast as well as hassle free.
The applicant has to fulfill the following eligibility criteria to qualify for the card.
The following documents are required for Bank of Maharashtra Credit Card.
There are numerous payment options available for Bank of Maharashtra Credit Card Bills.
In case of any queries regarding Bank of Maharashtra Credit Card you can contact the Credit Card Customer Care on the following numbers.
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To book the railway tickets online using Bank of Maharashtra Credit you have to follow the simple steps mentioned below:
You can locate the SBI DropBox nearest to you by sending an SMS as follows:
Type Pin your 6 - digit pin code and send SMS to 56767. The details of the nearest SBI drop box will be sent to you.
You can get an emergency card replacement anywhere in the world. You can contact the emergency card replacement services 39 02 02 02 (prefix local STD code) or 1860-180-1290 from anywhere in the world and request for a card replacement when your card is either lost or stolen. This service is available 24X7 across the globe.
It is an online payment mode which allows payment of your Credit Card dues online directly from your bank account through internet banking, ATM, or the mobile app.
The payment made vide Electronic Bill Payment Service will reflect in the account in 3 working days.
On completion of the payment process, a message for either a successful or a failed payment will be displayed on the screen. A transaction reference number will also be generated which can be quoted in case of any queries regarding the transaction. In addition to this you will get an email message and an SMS regarding the status of the transaction.
Cash advance up to 80% of the credit limit will be provided.