SBI (State Bank of India) Fixed Deposits HELP needed (Please take some time and do reply)?

I have a Savings account with SBI. It is linked with an online SBI account, i.e. I can view all my savings bank account details, PPF account details, Fixed deposits details etc through internet.

My question is:

If I open a FIxed deposit online with the e-STDR facility, for lets say 3 years, how will I receive the money on maturity?

Lets say I deposit Rs 50,000 and am supposed to get Rs 62000 after 3 years. Then will these Rs 62000 be deposited to my account directly or do I have to go to the bank to claim the money after 3 years?

Also Since the interest earned per year is less that Rs. 10,000, so I do not have to fill any form 15G right? Also I am not eligible for TDS on this Rs 12,000 interest? right?

Also though my question is for SBI but I hope the same answers will be true for HDFC etc as well.Please correct me if not..

Thanks a ton. Please take some time and do reply….

Is fixed deposit better that investment insurance plan.?

My friend taken policy from ING Vyasa and paid premium of Rs.10,000/- for his policy and Rs.10,000/- for the policy of his wife.In the last four years,the share market is manupulated by the big players.Most of the people are losing their faith on share market due to unwabted losses.Most of the people not paid 2nd and ownward premium install ment.Due to heavy loss in share market,I also discontinue policies.

After three years,the surrender value of Rs.20,000/- is app.3000/-.By looking all this,should the people have investment plan.