Ravinder Kumar, operation manager of the HDFC bank in Kurukshetra was taking the money to Dhurala village in his car along with an unarmed security guar to deposit it into the HDFC bank branch in the village, they said.
Three men riding on a motorcycle with their faces covered accosted the vehicle by pointing a country-made revolver and got its window pane opened, police said.
The assailants then threw chili powder in Kumar and the guard's eyes before fleeing with the cash, they said, investigation in tis connection is underway.