The gang members armed with logs waylaid the vehicle, broke the window panes and overpowered the gunman and two cash loaders when they were proceeding to load the currency note in ATMs in R T Nagar locality, police said.
The culprits, who came in two vehicles, attacked the cash loaders and the gunman and escaped with about Rs 1 crore cash. The three received minor injuries and have been hospitalised, police said.
"However, we are yet to ascertain the exact amount from the bank authorities", police said.