The incident occured when the branch Manager of the bank was going to office after collecting Rs 15 lakh from the main branch of the district and four dacoits on two bikes intercepted his car, Superintendent of Police Nawal Kishore Singh said
The dacoits brandished pistol and asked for the bag containing the money. When the manager resisted, they beat him up severly and took away the money forcibly, the SP said.
The dacoits also damaged his mobile and took away his wrist watch before fleeing.