diff --git a/charts/incubator/valkey/Chart.yaml b/charts/incubator/valkey/Chart.yaml
index a6435a3f487..da8d293c309 100644
--- a/charts/incubator/valkey/Chart.yaml
+++ b/charts/incubator/valkey/Chart.yaml
@@ -42,5 +42,5 @@ sources:
   - https://github.com/trueforge-org/truecharts/tree/master/charts/incubator/valkey
   - https://hub.docker.com/r/bitnamisecure/valkey
 type: application
-version: 0.3.0
+version: 0.3.1
 
diff --git a/charts/incubator/valkey/values.yaml b/charts/incubator/valkey/values.yaml
index 026bfe1fbee..d6be00de17b 100644
--- a/charts/incubator/valkey/values.yaml
+++ b/charts/incubator/valkey/values.yaml
@@ -2,7 +2,7 @@
 image:
   repository: docker.io/bitnamisecure/valkey
   pullPolicy: IfNotPresent
-  tag: latest@sha256:14dc12c4cc5912747b63d41e237512989d958fa6020dbcb1170cc0fe91f48644
+  tag: latest@sha256:97260e00bdf1fa52217005382e69733a36cb36121ba3696abe75cc9f26377136
 
 workload:
   main: