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.