Hello @jayesh_joshi
Thanks for contacting us and choosing the NXP products.
Yes, it's possible. But 24-bit counter does not reach 5min by an interrupt. So, it is recommended that you do this, interrupt once every 10 seconds, overflow after 30 interrupts, and continue to reload the counter value if it does not reach 30 times. In this case, 30*10s=300s=5min.
Hope the above is helpful to you.
If still any issues, please feel free to contact us.
BR
Kelly