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BoM Smart SB Scheme

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BoM Smart SB Scheme
Sr No	Particulars	BSS – 15 Average Quarterly Balance (AQB) = Rs. 15000	BSS – 25 Average Quarterly Balance (AQB) = Rs. 25000
1	Who can open account	Resident Individuals (sole or joint), HUFs, subject to fulfilling eligibility criteria (domestic depositors) of KYC guidelines. Note: Minors are not eligible for this account. Joint account facility is available.	Resident Individuals (sole or joint), HUFs, subject to fulfilling eligibility criteria (domestic depositors) of KYC guidelines. Note: Minors are not eligible for this account. Joint account facility is available.
2	Age (Minimum)	18 Years (For Individuals)	18 Years (For Individuals)
3	Initial Deposit	Account can be opened with zero balance	Account can be opened with zero balance
4	Minimum Balance Requirement	AQB (Average Quarterly Balance) – Rs. 15,000/-	AQB (Average Quarterly Balance) – Rs. 25,000/-
5	Charges for Non-Maintenance of Minimum Balance	Rs. 750/- per quarter	Rs. 1000/- per quarter
6	Chequebook Facilities	40 free personalised cheque leaves per annum	60 free personalised cheque leaves per annum
7	Debit Card	Free RuPay Platinum Debit Card	Free RuPay Select Debit Card
8	AMC on debit card	NIL	NIL
9	No of Transactions at ATM	At Bank of Maharashtra ATM - Unlimited Free Transactions. Other Bank ATM- First 5 transactions in a month - Free (Except six metros viz Mumbai, New Delhi, Chennai, Kolkata, Bangalore & Hyderabad where 3 transactions only –both financial and non-financial are free) From 6th transaction onwards in a month Financial: Rs. 21/- Non-Financial: Rs. 8/-	At Bank of Maharashtra ATM - Unlimited Free Transactions. Other Bank ATM- First 5 transactions in a month - Free (Except six metros viz Mumbai, New Delhi, Chennai, Kolkata, Bangalore & Hyderabad where 3 transactions only –both financial and non-financial are free) From 6th transaction onwards in a month Financial: Rs. 21/- Non-Financial: Rs. 8/-
10	ATM Transaction Limit	Withdrawal : Rs.1.50 Lakhs POS / e-Commerce: Rs. 3 Lakhs	Withdrawal : Rs.1.50 Lakhs POS / e-Commerce: Rs. 5 Lakhs
11	NEFT/ RTGS	Online : Free	Online : Free
12	Complimentary accidental insurance cover>	Rs. 2 Lakhs Accidental insurance cover with RuPay Platinum Debit Card. Note: The accidental insurance cover is complimentary with RuPay Platinum debit card, validity of which and the claim settlement shall be as per prescribed guidelines by NPCI from time to time.	Rs. 10 Lakhs Accidental insurance cover with RuPay Select Debit Card. Note: The accidental insurance cover is complimentary with RuPay Select debit card, validity of which and the claim settlement shall be as per prescribed guidelines by NPCI from time to time.
13	Complimentary Offerings on RuPay Platinum/ Select Debit Card	Complimentary domestic lounge access. Note: The above benefits are subject to modifications / withdrawal as per revision from NPCI from time to time.	Complimentary domestic and international lounge access. Concierge Service Merchant offer Wellness offer One Complimentary 30 days free offline Gym memberships or 90 days’ free online gym membership in a year. One Complimentary health check-up package in a year. One Complimentary SPA session or Lakme salon services INR 1500 coupon in a year. One complimentary INR 100 CAB service coupon in a year. One year complimentary OTT (Sony Liv, Amazon Prime Video & Hotstar) service. Other Complimentary services offered by NPCI to RuPay Select Debit Card Holders. Note: The above benefits are subject to modifications/ withdrawal as per revision from NPCI from time to time.
14	IMPS	Free (any channel)	Free (any channel)
15	SMS Alerts	Free SMS/E-mails alerts	Free SMS/E-mails alerts
16	Charges for other services	Service charges for all other services, not mentioned above such as, locker, charges for account statement, DD issuance etc. will be as per extant schedule of service charges, applicable from time to time.	Service charges for all other services, not mentioned above such as locker, DD issuance etc. will be as per extant schedule of service charges, applicable from time to time.

Note: Conversion of accounts from other Savings product to BoM Smart SB is allowed subject to fulfilment of eligibility norms of the scheme.

Branch should invariably obtain consent of the customer in enclosed format, for conversion of account as per Annexure -1.

Frequently Asked Questions

1. What is the BoM Smart SB Scheme?
The BoM Smart SB Scheme is a premium savings account offering from the bank with two variants—BSS 15 and BSS 25—based on the Average Quarterly Balance (AQB) requirement.

2. What are the types of accounts available under this scheme?
The scheme offers:

BSS 15 – AQB of ₹15,000
BSS 25 – AQB of ₹25,000

3. Who can open a BoM Smart SB account?
Resident individuals (single or joint) and Hindu Undivided Families (HUFs) can open this account, subject to KYC compliance.

4. What is the minimum age to open this account?
Applicants must be at least 18 years old.

5. Is there any initial deposit required?
No, the account can be opened with zero balance.

6. What happens if I don’t maintain the required AQB?
Non-maintenance charges are applicable:

₹750 per quarter (BSS 15)
₹1,000 per quarter (BSS 25)

7. What debit cards are offered under this scheme?

BSS 15: RuPay Platinum Debit Card
BSS 25: RuPay Select Debit Card

8. Are there any annual maintenance charges (AMC) on debit cards?
No, both variants offer debit cards with zero AMC.

9. What are the ATM transaction benefits?
Customers get unlimited free transactions at Bank of Maharashtra ATMs and a limited number of free transactions at other bank ATMs per month.

10. What are the transaction limits for this account?

ATM withdrawal limit: Up to ₹1.5 lakh per day
POS/e-commerce limit:
- ₹3 lakh (BSS 15)
- ₹5 lakh (BSS 25)

11. Are NEFT, RTGS, and IMPS transactions free?
Yes, all online NEFT, RTGS, and IMPS transactions are free.

12. Does the account provide insurance benefits?
Yes, accidental insurance cover is included:

₹2 lakh (BSS 15)
₹10 lakh (BSS 25)

13. What additional benefits are available with the RuPay Select Debit Card?
Benefits include lounge access, concierge services, wellness offers, OTT subscriptions, and health check-ups, subject to applicable terms.

14. Are SMS and email alerts free?
Yes, account holders receive free SMS and email alerts.

15. Can I convert my existing savings account to BoM Smart SB?
Yes, existing savings accounts can be converted to this scheme, subject to eligibility criteria.

16. What is Average Quarterly Balance (AQB)?
AQB is the average of daily closing balances maintained in your account over a quarter (3 months).

17. How is AQB calculated?
AQB is calculated by dividing the sum of daily closing balances in a quarter by the total number of days in that quarter.

18. Can I open this account online?
Yes, you can open the account online through a video KYC process without visiting a branch.