r2i forum

Hi All

I have some 5-6 bank accounts in India. Do I have to report the highest amount that is present in each individual account for each and every year, or is it the highest amount from all the accounts from 2003-2010?

Also, anyone who have already filed the OVDI please post your experience and procedure.

Thanks in advance

Highest total amount from 2003-2010. Wats your highest balance?

For each year find out the highest total amount (from all the banks). Then take the highest of all the years.
For example, for year 2003, your max balance in bank A is 10,000 and bank B is 15,000, then your total max balance for year 2003 would be 25,000.

swarchh123;398779Hi All

I have some 5-6 bank accounts in India. Do I have to report the highest amount that is present in each individual account for each and every year, or is it the highest amount from all the accounts from 2003-2010?

Also, anyone who have already filed the OVDI please post your experience and procedure.

Thanks in advance