diff --git a/charts/openbao/Chart.yaml b/charts/openbao/Chart.yaml
index 3f315158b..6f34713b6 100644
--- a/charts/openbao/Chart.yaml
+++ b/charts/openbao/Chart.yaml
@@ -3,7 +3,7 @@
 
 apiVersion: v2
 name: openbao
-version: 0.2.0
+version: 0.3.0
 appVersion: v2.0.0-alpha20240329
 kubeVersion: ">= 1.27.0-0"
 description: Official OpenBao Chart
diff --git a/charts/openbao/README.md b/charts/openbao/README.md
index 645ad0cf9..9769a3e9b 100644
--- a/charts/openbao/README.md
+++ b/charts/openbao/README.md
@@ -1,6 +1,6 @@
 # openbao
 
-![Version: 0.2.0](https://img.shields.io/badge/Version-0.2.0-informational?style=flat-square) ![AppVersion: v2.0.0-alpha20240329](https://img.shields.io/badge/AppVersion-v2.0.0--alpha20240329-informational?style=flat-square)
+![Version: 0.3.0](https://img.shields.io/badge/Version-0.2.0-informational?style=flat-square) ![AppVersion: v2.0.0-alpha20240329](https://img.shields.io/badge/AppVersion-v2.0.0--alpha20240329-informational?style=flat-square)
 
 Official OpenBao Chart