I am about to file FBAR. I see 3 tabs in FBAR form where account information is to be entered - separate/joint account, no financial interest, consolidated report.
I have some mutual fund units (MFs) and money in NRO account in India which exceeds $10,000. In case of MFs I have not earned anything (no interest as such). Since this is my first time to file FBAR, I am a little confused as to which tab suits my case most. From what I read IRS website, all this info would go in separate/joint account tab and no financial interest and consolidated report will go blank in my case.
Especially I am confused about the word "interest" in the tab - do they mean interest as in "I have earned interest on my investment" or "I don't have interest in reading non-fiction".