The police also recovered Rs six lakh from them.
"They were arrested yesterday after a tip-off and four country-made pistols, two stolen bikes and 14 live cartridges were also seized from them," said Nitin Tewari, Senior Superintendent of Police.
On July 14, the cashier of the private company was going to the firm after withdrawing Rs 9.50 lakh from a bank when he was waylaid by the motorcycle-borne men who snatched the money and fled.