Hi @Vikram Mankar ,
First you need to check if you have the right permission to the file. You could refer to the document about the error message.
https://learn.microsoft.com/el-gr/office/troubleshoot/access/error-80004005-connecting-access-database
Then you can set Require documents to be checked out before they can be edited to yes in Library settings -> Versioning settings
Finally, the auto-save feature in this version of Excel is off by default. It might cause the error too.
Please either turn Auto-save on or save the changes manually, wait and until the file is successfully saved and then Check in the file.
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