"We have arrested two persons in connection with the incident," Jalandhar (Rural) Superintendent of Police, Balkar Singh today said.
However, the cash is yet to be recovered, he said.
One of the accused Ranjit Singh was caught yesterday when he was tracked by a police team at Kartarpur Cheema vllage, the police said.
He suffered bullet injuries during an encounter. He was admitted to a local hospital, they said.
During interrogation, the police came to know that seven people were involved in the crime.
"Jaskaran Singh was arrested from Batala today," said the SP, adding that five other accused would be nabbed soon.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)