Is a fixed deposit calculated in compound interest?

Is a fixed deposit calculated in compound interest?

Interest on fixed deposit is accrued or calculated on a daily basis and capitalised or credited to fd ac on a quarterly basis until maturity if you have chosen to get principal and interest on maturity. Hence after the first quarter due to interest credit the principle of compounding happen until maturity.

If not the calculated interest can be credited on a quarterly basis to your sb ac. You can seek to get interest on a monthly basis as well but there will be a discount factor when interest is opted on a monthly basis