Local sources said the elephant which was three to four years old fell into the well when it with a herd of wild elephants entered the village on Monday night in search of food.
Local people found the elephant in the well in the morning and informed police as well as Forest Department about the matter.
Later, Forest Department's staff and firefighters managed to pull out the elephant from the well after digging a path beside the well and tying up the baby elephant with a rope.
Upzila Nirbahi Officer of Jinaigati Selim Reza, Officer-in-Charge of Jhenaigati police station Mizanur Rahman and Forest Officer of Rangtia range Kabir Hossain were present during the rescue operation.
Later, the elephant was set free in the Rangtia forest.
SA Shahriar Milton is our district correspondent of Sherpur