diff --git a/examples/minioinstance-kes.yaml b/examples/minioinstance-kes.yaml
index d25fdb8b965..d70e7e86af1 100644
--- a/examples/minioinstance-kes.yaml
+++ b/examples/minioinstance-kes.yaml
@@ -142,7 +142,8 @@ spec:
   ## restarts the pods if liveness checks fail.
   liveness:
     initialDelaySeconds: 120
-    periodSeconds: 60
+    periodSeconds: 15
+    timeoutSeconds: 12 # should always greater than MINIO_API_READY_DEADLINE (which defaults to 10s)
   ## Readiness probe detects situations when MinIO server instance
   ## is not ready to accept traffic. Kubernetes doesn't forward
   ## traffic to the pod while readiness checks fail.
@@ -150,7 +151,8 @@ spec:
   ## Disable this check if you're setting PodManagementPolicy to "OrderedReady".
   readiness:
     initialDelaySeconds: 120
-    periodSeconds: 60
+    periodSeconds: 15
+    timeoutSeconds: 1
   ## nodeSelector parameters for MinIO Pods. It specifies a map of key-value pairs. For the pod to be
   ## eligible to run on a node, the node must have each of the
   ## indicated key-value pairs as labels.
diff --git a/examples/minioinstance-mcs.yaml b/examples/minioinstance-mcs.yaml
index dd7bcbe3f66..4fe2126ab7b 100644
--- a/examples/minioinstance-mcs.yaml
+++ b/examples/minioinstance-mcs.yaml
@@ -133,7 +133,8 @@ spec:
   ## restarts the pods if liveness checks fail.
   liveness:
     initialDelaySeconds: 120
-    periodSeconds: 60
+    periodSeconds: 15
+    timeoutSeconds: 12 # should always greater than MINIO_API_READY_DEADLINE (which defaults to 10s)
   ## Readiness probe detects situations when MinIO server instance
   ## is not ready to accept traffic. Kubernetes doesn't forward
   ## traffic to the pod while readiness checks fail.
@@ -141,7 +142,8 @@ spec:
   ## Disable this check if you're setting PodManagementPolicy to "OrderedReady".
   readiness:
     initialDelaySeconds: 120
-    periodSeconds: 60
+    periodSeconds: 15
+    timeoutSeconds: 1
   ## nodeSelector parameters for MinIO Pods. It specifies a map of key-value pairs. For the pod to be
   ## eligible to run on a node, the node must have each of the
   ## indicated key-value pairs as labels.
diff --git a/examples/minioinstance.yaml b/examples/minioinstance.yaml
index e028e85c14a..633538976e9 100644
--- a/examples/minioinstance.yaml
+++ b/examples/minioinstance.yaml
@@ -100,8 +100,10 @@ spec:
   #    value: storage
   ## Add environment variables to be set in MinIO container (https://github.com/minio/minio/tree/master/docs/config)
   # env:
+    # - name: MINIO_API_READY_DEADLINE
+    #   value: "10s"
     # - name: MINIO_BROWSER
-    #  value: "off" # to turn-off browser
+    #   value: "off" # to turn-off browser
     # - name: MINIO_STORAGE_CLASS_STANDARD
     #   value: "EC:2"
   ## Configure resource requests and limits for MinIO containers
@@ -113,7 +115,8 @@ spec:
   ## restarts the pods if liveness checks fail.
   liveness:
     initialDelaySeconds: 120
-    periodSeconds: 60
+    periodSeconds: 15
+    timeoutSeconds: 12 # should always greater than MINIO_API_READY_DEADLINE (which defaults to 10s)
   ## Readiness probe detects situations when MinIO server instance
   ## is not ready to accept traffic. Kubernetes doesn't forward
   ## traffic to the pod while readiness checks fail.
@@ -121,7 +124,8 @@ spec:
   ## Disable this check if you're setting PodManagementPolicy to "OrderedReady".
   readiness:
     initialDelaySeconds: 120
-    periodSeconds: 60
+    periodSeconds: 15
+    timeoutSeconds: 1
   ## nodeSelector parameters for MinIO Pods. It specifies a map of key-value pairs. For the pod to be
   ## eligible to run on a node, the node must have each of the
   ## indicated key-value pairs as labels.
diff --git a/pkg/apis/operator.min.io/v1/constants.go b/pkg/apis/operator.min.io/v1/constants.go
index 19b80f2579a..33c8cfd97e9 100644
--- a/pkg/apis/operator.min.io/v1/constants.go
+++ b/pkg/apis/operator.min.io/v1/constants.go
@@ -94,7 +94,10 @@ const ReadinessPath = "/minio/health/ready"
 const ReadinessInitialDelay = 120
 
 // ReadinessPeriod specifies the interval in calling the readiness endpoint
-const ReadinessPeriod = 60
+const ReadinessPeriod = 15
+
+// ReadinessTimeout specifies the timeout for the readiness probe to expect a response
+const ReadinessTimeout = 12
 
 // LivenessPath specifies the endpoint for liveness check
 const LivenessPath = "/minio/health/live"
@@ -103,7 +106,10 @@ const LivenessPath = "/minio/health/live"
 const LivenessInitialDelay = 120
 
 // LivenessPeriod specifies the interval in calling the liveness endpoint
-const LivenessPeriod = 60
+const LivenessPeriod = 15
+
+// LivenessTimeout specifies the timeout for the liveness probe to expect a response
+const LivenessTimeout = 1
 
 // MCS Related Constants
 
diff --git a/pkg/apis/operator.min.io/v1/helper.go b/pkg/apis/operator.min.io/v1/helper.go
index bd0af5d5d2f..adbb48fad65 100644
--- a/pkg/apis/operator.min.io/v1/helper.go
+++ b/pkg/apis/operator.min.io/v1/helper.go
@@ -179,6 +179,9 @@ func (mi *MinIOInstance) EnsureDefaults() *MinIOInstance {
 		if mi.Spec.Readiness.PeriodSeconds == 0 {
 			mi.Spec.Readiness.PeriodSeconds = ReadinessPeriod
 		}
+		if mi.Spec.Readiness.TimeoutSeconds == 0 {
+			mi.Spec.Readiness.TimeoutSeconds = ReadinessTimeout
+		}
 	}
 
 	if mi.Spec.Liveness != nil {
@@ -188,6 +191,9 @@ func (mi *MinIOInstance) EnsureDefaults() *MinIOInstance {
 		if mi.Spec.Liveness.PeriodSeconds == 0 {
 			mi.Spec.Liveness.PeriodSeconds = LivenessPeriod
 		}
+		if mi.Spec.Liveness.TimeoutSeconds == 0 {
+			mi.Spec.Liveness.TimeoutSeconds = LivenessTimeout
+		}
 	}
 
 	if mi.HasMCSEnabled() {
diff --git a/pkg/apis/operator.min.io/v1/types.go b/pkg/apis/operator.min.io/v1/types.go
index c496734cbc6..10f76e4302f 100644
--- a/pkg/apis/operator.min.io/v1/types.go
+++ b/pkg/apis/operator.min.io/v1/types.go
@@ -158,12 +158,14 @@ type Zone struct {
 type Liveness struct {
 	InitialDelaySeconds int32 `json:"initialDelaySeconds"`
 	PeriodSeconds       int32 `json:"periodSeconds"`
+	TimeoutSeconds      int32 `json:"timeoutSeconds"`
 }
 
 // Readiness specifies the spec for liveness probe
 type Readiness struct {
 	InitialDelaySeconds int32 `json:"initialDelaySeconds"`
 	PeriodSeconds       int32 `json:"periodSeconds"`
+	TimeoutSeconds      int32 `json:"timeoutSeconds"`
 }
 
 // MCSConfig defines the specifications for MCS Deployment
diff --git a/pkg/resources/statefulsets/minio-statefulset.go b/pkg/resources/statefulsets/minio-statefulset.go
index eea22fc4143..146930b5dca 100644
--- a/pkg/resources/statefulsets/minio-statefulset.go
+++ b/pkg/resources/statefulsets/minio-statefulset.go
@@ -162,6 +162,7 @@ func probes(mi *miniov1.MinIOInstance) (readiness, liveness *corev1.Probe) {
 			},
 			InitialDelaySeconds: mi.Spec.Readiness.InitialDelaySeconds,
 			PeriodSeconds:       mi.Spec.Readiness.PeriodSeconds,
+			TimeoutSeconds:      mi.Spec.Readiness.TimeoutSeconds,
 		}
 	}
 
@@ -176,6 +177,7 @@ func probes(mi *miniov1.MinIOInstance) (readiness, liveness *corev1.Probe) {
 			},
 			InitialDelaySeconds: mi.Spec.Liveness.InitialDelaySeconds,
 			PeriodSeconds:       mi.Spec.Liveness.PeriodSeconds,
+			TimeoutSeconds:      mi.Spec.Liveness.TimeoutSeconds,
 		}
 	}