FBAR


How to report Foreign Bank Account Report !

FBAR foreign bank account is mandatory to be filed every year before April 30th.

Do I need to file FBAR ?

    If you hold equivalent of $10k or more (sum of all foreign bank accounts) on a given day b/w Jan 1st till Dec 31st, then you should file FBAR. 

Where to file?
    http://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html

USD to INR convertion
    https://www.google.com/finance?q=USDINR&ei=lDvSVeitHYi1igLvirPADQ

How to file?
    Get all your foreign bank account details like account number, bank name, bank address, note down which date you had the maximum amount in your account (use USD to INR conversion link to convert foreign currency to USD). Click on Online form "Start Now" link, to file online which is fast and immediate confirmation. 

How Long it Takes?
    From start to end (getting bank details to successful filing), takes 15 minutes maximum.