The gang arrived at the bank in a car at around noon Monday. They entered the bank and snatched the weapons from the security guards, the Daily Times reported Wednesday.
They took the staff hostage at gunpoint and took away Rs.1.1 million from the cash counter.
Amir Farooqi, a police official, said the gang completed the robbery within five minutes.
Last year, the same bank branch was looted of Rs 1.8 million on the eve of Eidul Fitr.
Published 17 November 2010, 05:54 IST