When is Tax Deducted at Source on Bonds

DMC (Student) (364 Points)

18 November 2007  
I have invested in RBI Bonds and I have selected Cumulative Option
whereby Interest along with the principal amount will be received by me
at the end of six years. I want to know when will the tax be deducted
on the Interest. Will it be every year or at the time when I receieve
the entire amount after six years? Thanks in advance.