I wanted to understand how should I file in FBAR for the following scenario.
I am an Indian living in USA and have a bank account and some Fixed Deposits in India.
In 2021,
Say, I have a bank account with value 100$ on Jan 1 and a Fixed Deposit 1 with value 200$
On June 1, Fixed Deposit got matured with amount 250$ and money from Fixed Deposit deposited back to Savings Account. Now, Balance of Savings Account is 350$
On June 30, I used 200$ to create another Deposit with new account number 2, so balance of my bank account is 150$.
At the end of the year, I had 150$ in bank account and 200$ in Fixed Deposit 2.
Now, in FBAR, how should I report? Should I report bank account with max value of 350$ and FD 1 with value 250$ and FD 2 with value 200$? If yes, that looks like I am counting the same money thrice which is unnecessary increasing the total money in accounts by lot.
Is that right to do so? If not, what should I do in this case?
