A new manager at a bank in the northern Indian city of Lucknow discovered termites had eaten through 10 million rupees on Wednesday.
The currency notes had been stored in a steel chest in an old bank building, which what management is blaming for the infestation of termites.
''I am not sure where the termites came from, but as you can see this building is quite old. Anti-termite treatment is now under way,'' said the branch manager, Sunil Dwivedi, according to the Sydney Morning Herald.
Police are not ruling out the possibility of foul play in the disappearance. The Associated Press reports the police have already a registered a case of negligence and will continue investigating.
The cash, which amounts to $207,000, had been stored in the steel chest since January of this year.
Termites have also damaged paper and furniture in the bank in the past. Since the problem is so rampant, the branch will be re-locating, according to CBS News.