How many backups does the server retain with?
For Linux VPS, cloud and Dedicated server where the HR panel is provided you can create and keep as many as backups in your server you can set up the backup on the weekly and monthly basis in the backup manager.
We strongly recommend you to download the same to your local system and delete them from the server. As they can consume lots of memory.
For shared hosting, there is an option to take the backup and download it to the local system.