Microsoft 365 features that help users manage their subscriptions, account settings, and billing information.
Hello DilipSasikumar,
Theoretically the answer is yes. But we don not suggest it for setting it to true will prevent retention process not only on purge folder but also on other folders in Recoverable items folder as well as all folders in entire mailbox. Which means users may not able to utilize the advantages of retention features to manage their mailbox.
For your demands, I recommend you consider litigation hold, so that any items won’t be hard deleted:
Kind Regards,
Anna