@Hardik Patel Thanks for posting in our Q&A.
Agree with Jason, I happened to have done setting update channel for M365, as follows
After that we can check device status to see whether the deployment status is successful. More details please refer to:
https://www.petervanderwoude.nl/post/easily-controlling-the-office-update-channel-by-using-administrative-templates/
Note:unofficial link, for reference only
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