The robbers barged into the branch of Punjab National Bank situated in the thickly populated Kochhar market area and fired in the air to scare away the bank staff, Additional Deputy Commissioner of Police (D) Balkar Singh said.
They fled with the cash, he said.
Ludhiana Commissioner of Police, Jatinder Singh Aulukh and DCP Dhruman Nimbley went to the spot after being informed about the incident.