diff --git a/charts/dependency/memcached/Chart.yaml b/charts/dependency/memcached/Chart.yaml
index 4cdde3ce297..aee7c12c6c0 100644
--- a/charts/dependency/memcached/Chart.yaml
+++ b/charts/dependency/memcached/Chart.yaml
@@ -7,7 +7,7 @@ annotations:
   truecharts.org/min_helm_version: "3.11"
   truecharts.org/train: dependency
 apiVersion: v2
-appVersion: 1.6.23
+appVersion: 1.6.24
 dependencies:
   - name: common
     version: 18.1.2
@@ -24,7 +24,7 @@ keywords:
   - memcached
   - database
   - cache
-kubeVersion: ">=1.24.0-0"
+kubeVersion: '>=1.24.0-0'
 maintainers:
   - name: TrueCharts
     email: info@truecharts.org
@@ -35,4 +35,4 @@ sources:
   - https://github.com/truecharts/charts/tree/master/charts/dependency/memcached
   - https://hub.docker.com/r/bitnami/memcached
 type: application
-version: 12.3.0
+version: 12.3.1
diff --git a/charts/dependency/memcached/values.yaml b/charts/dependency/memcached/values.yaml
index 98bd53c826c..003da0df7fe 100644
--- a/charts/dependency/memcached/values.yaml
+++ b/charts/dependency/memcached/values.yaml
@@ -1,7 +1,7 @@
 image:
   repository: bitnami/memcached
   pullPolicy: IfNotPresent
-  tag: 1.6.23@sha256:214eba277eaa9ea9ea4c65a2ecf464955e6a15ba2579272ffb9a51420509716c
+  tag: 1.6.24@sha256:2b43c4b3060ef93a364aee7f9632aeb3fb81e64e4e06d71d6dd2fc813abe81a1
 service:
   main:
     ports: