> ## Documentation Index
> Fetch the complete documentation index at: https://docs.woodcore.co/llms.txt
> Use this file to discover all available pages before exploring further.

# Account Management

> Comprehensive account management system supporting various account types including digital wallets, savings, loans, and fixed deposits with flexible configuration options for fintechs.

<Note>
  The Account Management module is the primary account type system in Woodcore, providing a flexible framework for managing various account types and enabling fintechs to build sophisticated wallet systems for their end users.
</Note>

<AccordionGroup>
  <Accordion title="Account Overview" defaultOpen={true}>
    ```mermaid theme={null}
    flowchart TB
        subgraph AccountTypes[Account Types]
            Wallet[Digital Wallet]
            Savings[Savings Account]
            Current[Current Account]
            Loan[Loan Account]
            Fixed[Fixed Deposit]
            Recurring[Recurring Deposit]
        end

        subgraph Features[Core Features]
            Balance[Balance Management]
            Interest[Interest Calculation]
            Limits[Transaction Limits]
            Security[Security Controls]
        end

        subgraph WalletFeatures[Wallet Features]
            P2P[P2P Transfers]
            QR[QR Payments]
            BillPay[Bill Payments]
            TopUp[Top-up Services]
        end

        AccountTypes --> Features
        Wallet --> WalletFeatures
    ```

    <Tip>
      The Account Management system is designed to be the foundation for fintech wallet systems, providing all necessary features for modern digital banking.
    </Tip>
  </Accordion>

  <Accordion title="Account Types">
    <AccordionGroup>
      <Accordion title="Digital Wallets" defaultOpen={true}>
        <Info>
          Digital wallets are the primary account type for fintech applications, providing a flexible foundation for various financial services.
        </Info>

        ```mermaid theme={null}
        flowchart LR
            subgraph WalletCore[Wallet Core]
                Balance[Balance Management]
                Transactions[Transaction Processing]
                Security[Security Controls]
            end

            subgraph WalletServices[Wallet Services]
                P2P[P2P Transfers]
                QR[QR Payments]
                BillPay[Bill Payments]
                TopUp[Top-up Services]
            end

            subgraph Integration[Integration Points]
                Payment[Payment Gateways]
                Banking[Banking Systems]
                Mobile[Mobile Apps]
            end

            WalletCore --> WalletServices
            WalletServices --> Integration
        ```

        * Real-time balance tracking
        * Instant P2P transfers
        * QR code payments
        * Bill payments
        * Mobile top-up
        * Merchant payments
        * Cash-in/Cash-out
        * Transaction history
      </Accordion>

      <Accordion title="Savings Accounts">
        <Info>
          Savings accounts provide interest-earning capabilities with various features for different customer needs.
        </Info>

        * Regular savings
        * High-yield savings
        * Goal-based savings
        * Children's savings
        * Interest calculation
        * Withdrawal limits
        * Minimum balance requirements
      </Accordion>

      <Accordion title="Current Accounts">
        <Info>
          Current accounts are designed for frequent transactions and business operations.
        </Info>

        * Business accounts
        * Personal accounts
        * Zero balance accounts
        * Premium accounts
        * Transaction limits
        * Overdraft facilities
        * Check book facilities
      </Accordion>

      <Accordion title="Fixed Deposits">
        <Info>
          Fixed deposits offer higher interest rates for funds locked for specific periods.
        </Info>

        * Term deposits
        * Flexible deposits
        * Senior citizen deposits
        * Corporate deposits
        * Interest rate options
        * Premature withdrawal
        * Auto-renewal
      </Accordion>

      <Accordion title="Recurring Deposits">
        <Info>
          Recurring deposits allow customers to save regularly with fixed installments.
        </Info>

        * Regular savings plan
        * Flexible installments
        * Interest calculation
        * Maturity options
        * Early withdrawal
        * Auto-debit
      </Accordion>

      <Accordion title="Loan Accounts">
        <Info>
          Loan accounts manage various types of credit facilities for customers.
        </Info>

        * Personal loans
        * Business loans
        * Mortgage loans
        * Auto loans
        * Education loans
        * EMI management
        * Interest calculation
      </Accordion>
    </AccordionGroup>
  </Accordion>

  <Accordion title="Account Operations">
    <AccordionGroup>
      <Accordion title="Transaction Types">
        ```mermaid theme={null}
        flowchart TD
            subgraph Transactions[Transaction Types]
                Deposit[Deposits]
                Withdrawal[Withdrawals]
                Transfer[Transfers]
                Payment[Payments]
            end

            subgraph Methods[Transaction Methods]
                Cash[Cash]
                Card[Card]
                Mobile[Mobile]
                Online[Online]
            end

            subgraph Channels[Channels]
                Branch[Branch]
                ATM[ATM]
                Mobile[Mobile App]
                Internet[Internet Banking]
            end

            Transactions --> Methods
            Methods --> Channels
        ```

        <Warning>
          All transactions are subject to account limits and security controls.
        </Warning>
      </Accordion>

      <Accordion title="Balance Management">
        * Real-time balance updates
        * Available balance calculation
        * Ledger balance tracking
        * Balance alerts
        * Minimum balance monitoring
      </Accordion>

      <Accordion title="Interest Management">
        * Interest calculation
        * Interest posting
        * Interest rate management
        * Interest tax handling
        * Interest statements
      </Accordion>
    </AccordionGroup>
  </Accordion>

  <Accordion title="Security & Controls">
    <AccordionGroup>
      <Accordion title="Access Controls">
        * Multi-factor authentication
        * Role-based access
        * Transaction limits
        * IP restrictions
        * Device management
      </Accordion>

      <Accordion title="Fraud Prevention">
        * Transaction monitoring
        * Suspicious activity detection
        * Risk scoring
        * Account freezing
        * Fraud alerts
      </Accordion>

      <Accordion title="Compliance">
        * KYC verification
        * Transaction limits
        * Reporting requirements
        * Audit trails
        * Regulatory compliance
      </Accordion>
    </AccordionGroup>
  </Accordion>

  <Accordion title="Fintech Integration">
    ```mermaid theme={null}
    flowchart LR
        subgraph FintechApp[Fintech Application]
            Wallet[Wallet System]
            Payments[Payment Services]
            Services[Value Services]
        end

        subgraph CoreBanking[Core Banking]
            Accounts[Account Management]
            Transactions[Transaction Processing]
            Security[Security System]
        end

        subgraph External[External Systems]
            Payment[Payment Gateways]
            Banking[Banking Systems]
            Mobile[Mobile Apps]
        end

        FintechApp --> CoreBanking
        CoreBanking --> External
    ```

    <AccordionGroup>
      <Accordion title="API Integration">
        * RESTful APIs
        * WebSocket support
        * Batch processing
        * Real-time updates
      </Accordion>

      <Accordion title="Wallet Features">
        * P2P transfers
        * QR payments
        * Bill payments
        * Merchant payments
        * Cash management
      </Accordion>

      <Accordion title="Value Services">
        * Mobile top-up
        * Utility payments
        * Insurance products
        * Investment products
        * Loyalty programs
      </Accordion>
    </AccordionGroup>
  </Accordion>
</AccordionGroup>

## Next Steps

Explore related modules to learn more about:

* [Transaction Processing](/modules/core-banking/transactions)
* [Client Management](/modules/core-banking/clients)
* [Payment Systems](/modules/core-banking/payments)
* [Security & Compliance](/modules/core-banking/security)