Muffasil police station SHO Vinay Pratap said the incident occurred near Gopalganj Mor when Manish, an employee of a two-wheeler dealer, was going to deposit Rs 17 lakh in a near by bank branch.
The miscreants shot at the employee, injured him and snatched a bag containing Rs 17 lakh, the SHO said adding, the injured man has been admitted to a nearby hospital.
Pratap said raids are being conducted to nab the culprits.