Hi Dhrupa,
The 60 seconds is a maximum default, but as an admin, you can go to Administration > Account Preferences > Timeouts and change it from 60 seconds to 300 seconds (this will allow all users in the account to use Wait for up to 300 seconds).
This way, you do not need to use any additional Wait steps. Please let us know if there's anything else we can assist with.
Regards,
Subject7 Team