diff --git a/charts/dependency/postgresql/Chart.yaml b/charts/dependency/postgresql/Chart.yaml
index f9ef27525dc..d2c48fef35a 100644
--- a/charts/dependency/postgresql/Chart.yaml
+++ b/charts/dependency/postgresql/Chart.yaml
@@ -22,7 +22,7 @@ name: postgresql
 sources:
 - https://www.postgresql.org/
 type: application
-version: 7.0.30
+version: 7.0.31
 annotations:
   truecharts.org/catagories: |
     - database