diff --git a/charts/galoy/Chart.lock b/charts/galoy/Chart.lock
index b29f8030cb..06e637ecfc 100644
--- a/charts/galoy/Chart.lock
+++ b/charts/galoy/Chart.lock
@@ -7,7 +7,7 @@ dependencies:
   version: 15.6.26
 - name: postgresql
   repository: https://charts.bitnami.com/bitnami
-  version: 15.1.0
+  version: 16.1.2
 - name: oathkeeper
   repository: https://k8s.ory.sh/helm/charts
   version: 0.39.1
@@ -20,5 +20,5 @@ dependencies:
 - name: router
   repository: oci://ghcr.io/apollographql/helm-charts
   version: 1.25.0
-digest: sha256:4e46260055939492b22dc6d06f5c96b6395a96961d66030e6efa4896959a8a86
-generated: "2024-10-08T14:52:27.463269953+05:30"
+digest: sha256:7c766e9eb71226ee4923e07bb0613bd8ebd1014be417e50298a1e515c24612dc
+generated: "2024-11-06T20:54:14.056835106Z"
diff --git a/charts/galoy/Chart.yaml b/charts/galoy/Chart.yaml
index 1a2c28c8a4..34ff28ead9 100644
--- a/charts/galoy/Chart.yaml
+++ b/charts/galoy/Chart.yaml
@@ -26,7 +26,7 @@ dependencies:
     version: 15.6.26
   - name: postgresql
     repository: https://charts.bitnami.com/bitnami
-    version: 15.1.0
+    version: 16.1.2
     condition: postgresql.enabled
   - name: oathkeeper
     repository: https://k8s.ory.sh/helm/charts