MP secured two points by virtue of having taken the first innings lead while Mumbai got none.
Bundela, who rescued MP from a top-order collapse last evening after the visitors had taken a vital 22-run first innings lead, continued the good work today as well to remain unbeaten on a well-compiled 139 in the team's second innings total of 222.
MP were also well-served by last man Sanjay Pandey, who used his long reach to keep the Mumbai bowlers, especially left arm spinner Nilesh Kulkarni at bay on a turning track for more than two hours to deny Mumbai a chance to score an outright win.
Set 245 to win in a minimum of 33 overs by MP, who were all out at the stroke of tea after resuming in the morning at a jittery 99 for 5, the Mumbai batsmen made an effort to attain the stiff task.
However, the hosts failed in their endeavour to score at 7-plus an over and closed at 81 for 4, all the four wickets falling to seamer Pandey.
Mumbai's stand-in captain Vinod Kambli, who promoted himself to the one-down position, made 24 in 25 balls before becoming Pandey's fourth victim.
The home team then downed the shutters and played out for a draw.
Brief Scores: MP 255 and 222 (D Bundela 139 not out; Nilesh Kulkarni 5 for 55) drew with Mumbai 233 and 81 for 4 (Sanjay Pandey 4 for 20).