The RBI officials from Chandigarh were returning from Jind in Haryana after attending a meeting when their car met with the accident last night at Model Town Crossing, police said.
The car driver also died on the spot while another occupant sustained serious injuries and was referred to Medical College at Chandigarh.
The deceased were identified as RBI officials Balwinder Singh, Kiran Sethi, Balbir Singh and and the driver Rajinder.