Tax on FD in the name of minor under Mutual settlement

Hi, We agreed on an alimony amount under the terms of mutual settlement mediated through a court appointed mediator which includes setting up an FD in the name of our minor child. I am trying to figure in whose hands will the interest earned be taxed. Is there a way the tax can be avoided so the child does not suffer? If not, what can I do to avoid the interest earned being taxed in my (father) hands. Regards