The steps I done is :
1. Unlock bootloader
2. After phone reboot, I go to stock recovery and wipe data.
3. After phone reboot again, I boot into fastboot mode using "Vol-" and "Power" button
4. I boot the TWRP.
5. I copy xiaomi.eu V12.5.3.0 RKHCNXM zip file into the device, that time still showing internal storage and flash it via TWRP.
6. I reboot to system but stuck in Redmi Logo twice before it go to TWRP again. This time the internal storage cannot be read.
7. I flash TWRP image using USB OTG in "Settings"--->"Install Recovery Ramdisk" and reboot to recovery.
8. I install rom zip file again using USB OTG and reboot to system but end up into TWRP recovery again.
9. I use "Format Data" button in TWRP ("Wipe" Menu), now works and boot up into system after long time waiting. You will see the MIUI logo stuck for about 3 to 5 minutes if not mistaken before setup page showed up.
@Poney70 Can you tell me which step I have made is wrong?