account in india

[sonu007]

Hey I have an $12,000 account in india but does not earn any interest, it was a money that I saved while I was in india do I need to report accounts. 

[Opus 17]

Yes.

If you are a "US person" (US citizen, permanent resident with a green card, or alien who passes the substantial presence test) you must report ownership of all foreign bank accounts if the total amount of money or assets held in foreign accounts is more than $10,000.  This is called an "FBAR" requirement, and the report is made online.  It is separate from your tax return and filing a tax return does not satisfy the requirement to file an FBAR even if you check the box that says "I own a foreign bank account."

See this web site 

https://www.irs.gov/businesses/small-businesses-self-employed/report-of-foreign-bank-and-financial-a...

This is separate from the requirement to report taxable income on your tax return.  Just owning the account is not taxable, even though it needs to be reported.  You are only taxed if you earn interest or other income.