diff --git a/charts/galoy/Chart.lock b/charts/galoy/Chart.lock
index b29f8030c..dba46d4b5 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: 16.2.3
 - 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:da67c72694abc2d75660efabb5972c22998635fda65232f25a7d13f4483df29c
+generated: "2024-11-28T22:04:01.563006599Z"
diff --git a/charts/galoy/Chart.yaml b/charts/galoy/Chart.yaml
index fb8ca3ea9..55ff0b596 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: 16.2.3
     condition: postgresql.enabled
   - name: oathkeeper
     repository: https://k8s.ory.sh/helm/charts