Section 33(33) in Haryana State Central Co-operative Bank's Staff Service (Common Cadre) Rules, 1975
33.2The service of a permanent employee may be terminated for want of a post. A three months' notice or salary in lieu thereof shall be given to a retrenched employee provided that such employee shall be offered an equivalent post if available. If no such post is available, the next lower post if vacant shall be offered to the employee.
