Savings account in India, does it need to report to FBAR?

[mohd-bilal-maqso]

I have a Savings bank account in Indian in which I transfer nearly $1000 monthly to cover expenses for my family. 

At any given point the total available balance did not surpass more than $5000. But if I total only the deposit made in account it will exceed $12000. Do I have to file FBAR?

 Also, i have a home mortgage of value more than $10000. Is FBAR required for the home loan as well?

[LeeM · Accepted solution]

No, you would not, according to the information you provided. You are only required to file an FBAR if your accounts totaled more than $10,000 at any given time not for the year in total.

For more information, you can see this IRS site for more info.