The van was carrying cash from the Baghapurana branch of Oriental Bank of Commerce to Moga when it was attacked by the armed men, police said, adding that the slain security guard was identified as Harinder Singh.
Sensing trouble, Singh had reportedly fired at the men who, in turn, retaliated. Singh suffered a bullet injury and succumbed on the way to the hospital, police said, adding that the group managed to flee with a cash amount of Rs 60 lakh.
Manager of the bank Parveen Sahu reported the matter to the police. A case has been registered and a search operation launched.
PTI