Two bike borne men looted Rs 1 lakh from a 70-year-old man who was walking home after withdrawing the amount from a bank in Bihar's Gaya district on Tuesday, police said.
The incident occurred a short distance away from Dhobi branch of a nationalised bank from where the elederly man, Naresh Singh, withdrew Rs 1 lakh.
The two men snatched the bag containing the cash from him and sped away.
Police said CCTV footages were being examined in order to trace the snatchers.