anky_10
New Member

Do i have to report "time deposits" on FBAR if those "Time deposits" were created from saving account money? I will report MAX value of saving account on FBAR. Thanks!

In detail, My only active source of income is salary in USA. I transfer say $20,000 to Indian saving account Then from that saving account I open "2 time deposits" of 10,000 and 10,000 each. Do I have to report these 2 "time deposits" on FBAR?