An Indian bank account is a foreign bank account. You should answer YES.
If this account has a balance of more than the equivalent of US $10,000 at any time during the year, you have to file a FBAR.
Moreover, if the total of your foreign financial assets exceeds $50,000 at year end ($100,000 for Married filing jointly) or $75,000 at any time during the year ($150,000 for MFJ), then your have to file form 8938.
Please read this IRS document for more information.
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