Police said the incident took place at the HDFC Bank branch at Siminai here this afternoon.
The masked men barged into the bank branch at around 12.15 pm and brandished the toy guns which looked pistols and two machete-type weapons at the bank employees and customers and looted the money.
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"They attacked us and damaged the assets of the bank. They also broke the CCTV cameras," said the bank manager Shakti Shankar Behera.
Police later recovered the toyguns from near the bank, Dhenkanal superintendent of police Basant Panigrahi said adding investigation into the incident has been initiated.
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