According to police, the two injured persons, identified as Siddharth Banerjee (60) and Kailashnath Sharma (30), had gone to deposit the money at a Bank of India branch in the city when they were attacked by masked assailants, one of whom fired at them.
As both fell down injured, the assailants snatched the bag and fled the spot.
Police said that the injured duo have been admitted to a private hospital where Banerjee's condition is stated to be critical.