In SharePoint Document library retention policies we can set
the retention policy for Content type and library document and folders. By
applying the retention policies to document library items we can make them
delete or make them records with the existing options.
To set the retention policies for library items or folder we
have to navigate library settings page and click on Information management
policy settings link in Permissions and Management section.
In Information Management Policy Settings page click on
Change Source link in Source of retention for this library.
Select Library and Folders option in “Source of Reflection”
section. We’ll see a popup with warning message by selecting that option saying
that “when library and folder based integration schedules will select, all the
Content types will be ignored”, Click on Ok.
We can new section with “Library Based Retention schedule”
with description text box. Click on Add a retention stage link to add new
retention.
We can see new dialog box specifying the Event and action
details. Select the Event and Action for retention stage and click on Ok to
save the settings. We can add many retention stages for the document library.
Click on Ok in Library Based Retention Schedule page to save the settings.