diff --git a/stable/aws-efa-k8s-device-plugin/Chart.yaml b/stable/aws-efa-k8s-device-plugin/Chart.yaml
index e74928376..b6e4436f1 100644
--- a/stable/aws-efa-k8s-device-plugin/Chart.yaml
+++ b/stable/aws-efa-k8s-device-plugin/Chart.yaml
@@ -1,8 +1,8 @@
 apiVersion: v1
 name: aws-efa-k8s-device-plugin
 description: A Helm chart for EFA device plugin.
-version: v0.5.2
-appVersion: "v0.5.2"
+version: v0.5.3
+appVersion: "v0.5.3"
 home: https://github.com/aws/eks-charts
 icon: https://raw.githubusercontent.com/aws/eks-charts/master/docs/logo/aws.png
 sources:
diff --git a/stable/aws-efa-k8s-device-plugin/README.md b/stable/aws-efa-k8s-device-plugin/README.md
index 3d0e12ab8..6a025e8e7 100644
--- a/stable/aws-efa-k8s-device-plugin/README.md
+++ b/stable/aws-efa-k8s-device-plugin/README.md
@@ -22,7 +22,7 @@ helm install efa ./aws-efa-k8s-device-plugin -n kube-system
 Paramter | Description | Default
 --- | --- | ---
 `image.repository` | EFA image repository | `602401143452.dkr.ecr.us-west-2.amazonaws.com/eks/aws-efa-k8s-device-plugin`
-`image.tag` | EFA image tag | `v0.5.2`
+`image.tag` | EFA image tag | `v0.5.3`
 `securityContext.allowPrivilegeEscalation` | Controls whether a process can gain more privilege than its parent process | `false`
 `securityContext` | EFA plugin security context | `capabilities: drop: ["ALL"] runAsNonRoot: false`
 `supportedInstanceLabels.keys` | Kubernetes key to interpret as instance type | `nodes.kubernetes.io/instance-type`
diff --git a/stable/aws-efa-k8s-device-plugin/values.yaml b/stable/aws-efa-k8s-device-plugin/values.yaml
index a2880028e..7dece65ae 100644
--- a/stable/aws-efa-k8s-device-plugin/values.yaml
+++ b/stable/aws-efa-k8s-device-plugin/values.yaml
@@ -1,7 +1,7 @@
 image:
   repository: 602401143452.dkr.ecr.us-west-2.amazonaws.com/eks/aws-efa-k8s-device-plugin
   # Overrides the image tag whose default is the chart appVersion.
-  tag: "v0.5.2"
+  tag: "v0.5.3"
 securityContext:
   allowPrivilegeEscalation: false
   capabilities: