I am in US and filing FBAR with INDIAN bank ACCOUNTS (LIC policies mainly). I have CITIBANK NRE and NRO accounts. I was told citibank has branch in USA and hence no need to include them in FBAR. Is it so?

Can someone confirm if this understanding is correct?

I do get 1099 interest forms from citibank and I have been including them in tax filling along with my W2.

Because Citibank is a U.S. bank from which you are receiving Firm 1099-INT, you have NO requirement to file an FBAR for your accounts in Citibank India.

Thanks for the response...

But recently my spouse (joint holder) got letter to submit "CRS-Individual-Self-Certification-Form" from Citibank. Was wondering why they sent letter only for one person.. Also every year we do submit KYC forms and address change forms (if changed).

The

CRS-Individual-Self-Certification-Form seems to be an internal requirement. I have dealt with Citibank with other clients, so I KNOW their accounts do NOT have to be included on the FBAR.