Niket Kumar, the accused, was working as a "single-window" operator at the Colaba branch of BoB in south Mumbai.
The embezzlement came to light when a customer recently approached the bank to claim his FD upon maturity and found that the amount was missing.
The bank suspended Kumar following an internal inquiry and also lodged a police complaint.
Upon questioning, he admitted to the scam, the official said.
Kumar was booked under IPC sections 409 (criminal breach of trust by a public servant) and 420 (cheating), and a local court remanded him in police custody till February 12.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)