The deceased has been identified as Ram Singh Yadav (50), assistant manager of Bank of Baroda, they said.
The incident occurred last night when the accused barged into Yadav's rented accommodation, right behind the bank, and stabbed him to death, Station House Officer Mandawar police station Dilip Singh Shekhawat said.
"Local watchman informed police after the incident. The body was handed over to Yadav's family members after postmortem," he said, adding that the matter was under investigation.
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