Credit Card page shows Invalid State when country is set to India

When trying to update Credit Card details in Bitbucket Cloud, the State field will show "Invalid State" when the country is Set to India as shown in the image below. Due to this, it's not possible to update credit card details with the correct billing information.

As a workaround, you can specify the abbreviation for the State name. As for the State shown in the image above, you can enter "OR" and there will be no error shown.