Tide, a leading business management platform for SMEs, has launched Fixed Deposits (FDs) on its app, enabling small businesses to earn competitive returns on idle funds through a fully digital, paperless process. The feature offers interest rates of up to 8.84% per annum, with flexible tenures ranging from 7 days to 60 months, and entry points starting at ₹1,000. Partnering with RBI-regulated banks and NBFCs such as Suryoday Small Finance Bank, Bajaj Finance Ltd., and Mahindra Finance, Tide aims to provide secure, fixed-return options for SMEs that traditionally keep over 85% of funds in low-yield current accounts, according to RBI data.
In Cuttack, a hub for small traders, artisans, and wholesale suppliers, the launch is expected to draw strong interest. Many local SMEs, dealing with fluctuating cash flows, have shown preference for low-risk, fixed-return products, aligning with CRISIL’s finding that over 60% of SMEs favour such instruments. With Tide’s integrated app, Cuttack entrepreneurs can now manage payments, invoices, expenses, and investments in one platform, enhancing financial efficiency.
Tide CEO Gurjodhpal Singh said the initiative aims to “unlock the value of surplus SME funds” by simplifying access to high-yield, secure investments.
