About deposits
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This guide explains the management and its operations. It is intended for Tuum customers who want to learn about creating, managing and operating term deposits in the Tuum BackOffice platform.
Here you will learn the following information about deposits:
The Tuum deposit API allows you to create new term deposit products and set up necessary configuration parameters. This module is an optional part of the Tuum core banking functionality. When you subscribe to the deposit API, with the BackOffice, you can create deposit products and manage other operations.
The following image shows the general deposit lifecycle:
