The ATM, which belonged to Central Bank of India, was unguarded and the CCTV camera was not functioning, police said.
According to the police, the robbery appeared to be well planned and robbers may have carried out recce before attempting to uproot ATM.
A team of Forensic Laboratory experts took fingerprints from the spot today.
A case has been registered in this regard and a hunt launched for the robbers, police said.