OKTA - Password History

I am trying to leverage the OKTA password history feature, where it offers to check the new password against last four passwords.
However, this seems to be not working. Rather it seems OKTA is validating against only the initial password which user has set while account creation.

Anyone else who is facing the same issue or any solution to this issue would be of great help.

@ronit-banerjee please open a support case to get assistance with this so someone in our support team can review your settings/reproduction steps.