He said another militant had his face covered and was not carrying the weapon.
A footage captured by a CCTV camera installed in the bank revealed two armed men carried out the robbery.
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A police spokesman said that initial investigation indicated that militants of Hizbul Mujahideen were involved in the bank robbery. Special police teams have been formed to nab the culprits involved into the crime.
In April, terrorists loot State bank of India and looted Rs 12.8 Lakh in Anantnage.
"Further investigations are going on", he added.
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There has been a spate in the bank robberies in the Valley after scrapping of old Rs 500 and Rs 1000 notes by Government of India (GoI) in November past year.
ANI reports that terrorists managed to take away cash worth over Rs 5 lakh cash. As per eyewitnesses' accounts, the three militants entered the bank in the early hours of the day.
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