Must report indian accounts

As per this link you are suppose to report all of your foreign accounts if the agg. value of all the accounts are more then $10,000.

Link
www.irs.gov/faqs/page/0,,...28,00.html

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"I have a bank account in a foreign country. Do I have to report the interest?"

Also you have to report your foreign account interest(in 1040 form) as well as accounts(in TD F90 22.1 form)

www.irs.gov/pub/irs-pdf/f9022-1.pdf

Just FYI.