14
Aug
Tide, a leading business management platform for SMEs, has introduced Fixed Deposits (FDs) on its app, enabling small businesses to earn competitive returns in a fully digital, paperless process. With interest rates up to 8.84% per annum and tenure options from 7 days to 60 months, SMEs can now invest idle funds starting at ₹1,000 through RBI-regulated banks and NBFCs, including Suryoday Small Finance Bank, Bajaj Finance Ltd., and Mahindra Finance. The feature aims to address gaps highlighted by RBI and CRISIL data, which show over 85% of SME funds lie in low-yield current accounts, while 60% of SMEs prefer…
