The gunmen barged into the Jammu and Kashmir Bank branch at Malpora in Chrar-e-Sharief and took away cash from the counters at gunpoint, a police official said.
He said while exact amount of the money taken by the gunmen was being ascertained, the bank officials believe the amount to be around Rs 13 lakh.
Police have taken cognizance of the incident and started investigations, the official said, adding further details were awaited.