Tide, a leading business management platform for SMEs, has launched Fixed Deposits (FDs) on its app, enabling entrepreneurs to invest idle funds and earn returns of up to 8.84% per annum. The feature offers tenure options from 7 days to 60 months and allows investments starting at ₹1,000 through partnerships with RBI-regulated banks and NBFCs such as Suryoday Small Finance Bank, Bajaj Finance Ltd., and Mahindra Finance.
According to RBI data, over 85% of SME funds remain in low-yield current accounts, while CRISIL’s SME Insight Report 2022 notes that over 60% prefer fixed-return instruments due to low-risk appetite. Tide’s solution offers instant booking, paperless processing, and integrated management of payments, invoices, expenses, and investments.
In Guwahati, SMEs across retail, transport, and local manufacturing are expected to benefit from the simplified investment process. The city’s business community, which often faces challenges in securing safe, high-yield avenues for surplus capital, could find the low entry threshold and flexible tenure options particularly attractive. Gurjodhpal Singh, CEO, Tide India, said the offering aligns with the company’s mission to empower SMEs by unlocking value from idle funds and streamlining financial operations through one unified platform.
