How you will receive you interest amount depends on the investment scheme you have chosen at the time of opening your fixed deposit account. If your money is deposited under the traditional scheme, the FD interest will be credited to your savings account on a monthly or quarterly basis.If your money is deposited under the reinvestment scheme, interest will be added to the principal amount periodically for reinvestment and will be compounded as per the time.The interest amount on your FD can be received on monthly, quarterly or annual basis.