Thank you @Thomas for your comments.
I used below code from This MS Document1 and this MS Document2 to deploy Azure SQL Server with Backup:-
main.bicep:-
param serverName string = uniqueString('sql', resourceGroup().id)
@description('The name of the SQL Database.')
param sqlDBName string = 'SampleDB'
@description('Location for all resources.')
param location string = resourceGroup().location
@description('The administrator username of the SQL logical server.')
param administratorLogin string
@description('The administrator password of the SQL logical server.')
@secure()
param administratorLoginPassword string
resource sqlServer 'Microsoft.Sql/servers@2022-05-01-preview' = {
name: serverName
location: location
properties: {
administratorLogin: administratorLogin
administratorLoginPassword: administratorLoginPassword
}
}
resource sqlDB 'Microsoft.Sql/servers/databases@2022-05-01-preview'
= {
parent: sqlServer
name: sqlDBName
location: location
sku: {
name: 'Standard'
tier: 'Standard'
}
}
resource backupPolicy
'Microsoft.Sql/servers/databases/backupLongTermRetentionPolicies@2022-05-01-preview'
= {
parent: sqlDB
name: 'default'
properties: {
monthlyRetention: 'P1M'
weeklyRetention: 'P1W'
weekOfYear: 1
yearlyRetention: 'P1Y'
}
}
Output:-


What each of these indicates: monthlyRetention, weeklyRetention, weekOfYear, yearlyRetention with some example
LTR- Is a long term retention or long term storage of your Azure DB backup in Azure blob storage.
PTIR- Is a point in time restore, Which refers to the backup taken at a particular time and you can use the same backup later when your data is lost. You can configure how much days you want to keep your PTIR copy by creating a policy above where the PTIR is set to 7 Days.
The above Bicep code sets Point in time restore days to 7, Which means you can restore your PTIR backups within 7 days.
And how frequently I want to take a backup is set by Differential backup frequency which is set to 24 hours.
PTIR Reference is the same MS Document shared by @Thomas in comments.
Now, Coming to LTR that is Long term retention policy - Weekly LTR is keeping the LTR backup to storage for a week which is set to 1 week.
Monthly LTR is keeping the LTR backup to storage for a month which is set to 1.
And Yearly LTR is keeping an LTR backup to storage for a year which is set to 1st week of 1 year. If you want to understand LTR in more detail, Refer this MS Document1