Debenture redemption reserve

Sub Rule 7 of Rule 18 of Companies (Share Capital and Debentures) Rules, 2014, Company shall required to create Debenture Redemption Reserve shall on or before the 30th day of April in each year, invest or deposit, as the case may be, a sum which shall not be less than fifteen percent, of the amount of its debentures maturing during the year ending on the 31st day of March of the next year, in any one or more of the following methods, namely:- (i) in deposits with any scheduled bank, free from any charge or lien; My query is that amount kept in current account will be treated as deposit with scheduled bank? Thanks in advance