There are many schemes in Fixed Deposit..and the interest depends on the scheme which u accept.(and also the schemes depends on the banks.(i.e.each bank provides different schemes)

There are schemes like FD365(for 1 yr,where the interest is yearly(no interest on interest))

FD90(for 3 years,where the interest is paid for every 90 days-(interest on interest))

and there are various schemes like this...u can ask the customer service of ur bank..

Hope u got some idea...