diff --git a/charts/flagsmith/Chart.yaml b/charts/flagsmith/Chart.yaml
index d6f0b6b..38f1a23 100644
--- a/charts/flagsmith/Chart.yaml
+++ b/charts/flagsmith/Chart.yaml
@@ -2,8 +2,8 @@ apiVersion: v2
 name: flagsmith
 description: Flagsmith
 type: application
-version: 0.48.0
-appVersion: 2.120.0
+version: 0.49.0
+appVersion: 2.124.2
 dependencies:
   - name: postgresql
     repository: https://charts.bitnami.com/bitnami