<h1>India Launches 10-Year National Savings Certificate with 8.7% Interest, No Investment Limit, Transferable Between Post Offices.</h1> The Government of India has launched the 10-Year National Savings Certificate (IX-Issue), 2011, effective from December 1, 2011. This savings instrument offers an interest rate of 8.7% per annum, compounded semi-annually. Upon maturity, an investment of Rs. 100 will yield Rs. 234.35. The certificates are available in denominations of Rs. 100, Rs. 500, Rs. 1000, Rs. 5000, and Rs. 10,000, with no upper investment limit. They can be transferred between post offices and pledged as security. This initiative follows recommendations from a committee reviewing the National Small Savings Fund.