@tusharrao
We tried with the above-mentioned versions (woocommerce 4.4.1, razorpay 2.5.0 & WordPress to v5.5) and could not able to reproduce this issue in our setup.
As you said you will not be able to share the clone server because of the local setup you are using, so can you please help us to debug this issue by following these steps!
1. If you had installed other plugins then for testing purpose kindly disable all other plugins then try to make the payment.
2. If the payment flow is working then it means, one of the installed plugins is conflicting with the Razporpay plugin.
3. To detect which plugin is conflicting with the Razorpay plugin, you need to enable them one by one and test the payment flow.
Regards,
Chetan