Deputy Commissioner of Police Nupur Prasad said the accused Sandeep, 28, was arrested from Farsh Bazar area of east Delhi on Thursday.
Prasad said that Sandeep, a resident of Punjab, used to work in the housekeeping section of reputed hotels and noticing the lifestyle of the guests, he also wanted to lead a lavish lifestyle.
He starting cheating people who visited ATMs by different methods and then he withdrew their money, police said.
Upon receiving a complaint earlier this month, police accessed CCTV footages and formed got a photo of the accused.
The police then circulated it to their contacts on the ground.
Police said that the accused had spent all the money in leading a lavish life and touring various places in India and abroad.
Police have also recovered 12 ATM cards and a silver chain from the accused.