Tide empowers SMEs to earn more with launch of Fixed Deposits on its platform
, a business management platform for SMEs, on Tuesday announced the launch of Fixed Deposits (FDs) on its app, which will help small businesses to earn competitive returns on their balances in a seamless and paperless experience. This new offering can enable SMEs to better manage their finances, grow capital efficiently, and build stronger financial foundations.
With interest rates of up to 8.84%* per annum and tenure options ranging from 7 days to 60 months, SMEs can now invest idle working capital into high-yield, fixed-return instruments starting at just Rs 1,000. FDs offered by Tide require no complex paperwork - meaning entrepreneurs can book, manage, and track their investments directly within the Tide app.
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Through its partnership with RBI-regulated banks and NBFCs such as
Suryoday Small Finance Bank
,
Bajaj Finance Ltd.
, Mahindra Finance and others, Tide aims to provide security for fixed deposits made on its platform.
According to RBI data, over 85% of SME funds remain in low-yield current accounts. Simultaneously, the CRISIL
SME Insight Report
(2022)1 notes that more than 60% of SMEs prefer fixed-return instruments due to their low-risk appetite. Tide's new FD feature is designed to address these gaps, enabling SMEs to earn predictable returns along with ease of access to their investments.
Gurjodhpal Singh, CEO, Tide India said in a statement, 'A large portion of SME funds in India lie idle in current accounts, earning little to no interest. At Tide, we believe that helping small businesses unlock the value of their surplus funds is a step towards true financial empowerment. Our Fixed Deposit offering simplifies this journey with instant booking, flexible tenure, and full integration within the Tide platform.'
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Key Features of Tide's Fixed Deposit Offering:
Instant Booking: Paperless and hassle-free FD booking in minutes via the Tide app.
Fully digital journey: SMEs can invest with multiple RBI-regulated banks and NBFC issuers without having to physically visit any bank or branch.
Compare & Choose: They can compare interest rates and tenures across issuers before investing.
Flexible Tenures: From 7 days to 60 months to match unique business cash flow cycles.
Affordable Entry: Investments start as low as ?1,000, making it inclusive for micro and small enterprises.
Integrated Financial Management: SMEs can manage payments, invoices, expenses, and now investments in one unified platform.
Through a secure integration with technology service provider Blostem, Tide users are redirected to a trusted investment flow where they can complete their KYC, choose their preferred issuer, and receive FD receipts within 3–4 days - all without leaving the Tide ecosystem.
With payments, invoicing, Udyam and GST registration, Govt. scheme discovery, business expense cards, bill pay, and now fixed deposits available on the app, Tide aims to simplify and streamline financial admin for India's entrepreneurs.
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