The robber along with an accomplice had looted Rs 10.60 lakh at Syana road locality here yesterday, SSP Muniraj said.
A police team intercepted both the accused at Walipura Canal here, the SSP said, adding they started firing at the team.
In an exchange of fire, one of the robbers-- Satvir-- was killed, but the other managed to flee from the spot.
Satvir was carrying a bounty of Rs 50,000 on his head and had nine cases of dacoity and loot registered against him, the SSP said.
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