diff --git a/charts/netmaker/Chart.lock b/charts/netmaker/Chart.lock
index 125b071..6d61829 100644
--- a/charts/netmaker/Chart.lock
+++ b/charts/netmaker/Chart.lock
@@ -1,6 +1,6 @@
 dependencies:
 - name: postgresql
   repository: oci://registry-1.docker.io/bitnamicharts
-  version: 15.1.4
-digest: sha256:40a345daaa15ab1b4632b19d27217bdd1f608658effa33c229ca5422629eba89
-generated: "2024-03-27T07:08:49.415872932Z"
+  version: 16.2.0
+digest: sha256:b5e83ee2636b8053aa71372bc14bb200b5d7e061911bb04cfbbcb17bb79f0eb4
+generated: "2024-04-05T03:02:59.802659842Z"
diff --git a/charts/netmaker/Chart.yaml b/charts/netmaker/Chart.yaml
index a45ba59..a2bcd5a 100644
--- a/charts/netmaker/Chart.yaml
+++ b/charts/netmaker/Chart.yaml
@@ -31,6 +31,6 @@ maintainers:
 
 dependencies:
   - name: postgresql
-    version: 15.1.4
+    version: 16.2.0
     repository: oci://registry-1.docker.io/bitnamicharts
     condition: postgresql.enabled