The victim, identified as Ashok Kumar Jena, an accountant of a private firm, suffered bullet injury in his leg and was admitted to the District Headquarter Hospital (DHH) here.
According to reports, Jena was going to a bank to deposit the cash when four people on two motorcycles stopped him and tried to snatch away the bag containing cash from him.
When jena resisted, one of the miscreants fired at his leg and snatched away the bag before fleeing from the spot.
Locals rescued Jena and rushed him to the DHH. His condition was stated to be stable, when the last reports came in.
On being informed, Sadar police reached the spot and launched a probe into the matter.