diff --git a/bitnami/redis/CHANGELOG.md b/bitnami/redis/CHANGELOG.md
index 56197f4c62..e2dc659010 100644
--- a/bitnami/redis/CHANGELOG.md
+++ b/bitnami/redis/CHANGELOG.md
@@ -1,8 +1,13 @@
 # Changelog
 
-## 20.0.2 (2024-08-14)
+## 20.0.3 (2024-08-20)
 
-* [bitnami/redis] Release 20.0.2 ([#28881](https://github.com/bitnami/charts/pull/28881))
+* [bitnami/redis] Release 20.0.3 ([#28941](https://github.com/bitnami/charts/pull/28941))
+
+## <small>20.0.2 (2024-08-14)</small>
+
+* [bitnami/redis] Release 20.0.2 (#28881) ([582b058](https://github.com/bitnami/charts/commit/582b058c032a83ad74eed87c9e9665ca4252f0ce)), closes [#28881](https://github.com/bitnami/charts/issues/28881)
+* [bitnami/redis] Update README after major update (#28848) ([a96205b](https://github.com/bitnami/charts/commit/a96205be4d1d1b4af34bf000cae49ae63b237a2a)), closes [#28848](https://github.com/bitnami/charts/issues/28848)
 
 ## <small>20.0.1 (2024-08-09)</small>
 
diff --git a/bitnami/redis/Chart.yaml b/bitnami/redis/Chart.yaml
index 2542186462..2dbf094934 100644
--- a/bitnami/redis/Chart.yaml
+++ b/bitnami/redis/Chart.yaml
@@ -6,15 +6,15 @@ annotations:
   licenses: Apache-2.0
   images: |
     - name: kubectl
-      image: docker.io/bitnami/kubectl:1.31.0-debian-12-r0
+      image: docker.io/bitnami/kubectl:1.31.0-debian-12-r1
     - name: os-shell
       image: docker.io/bitnami/os-shell:12-debian-12-r27
     - name: redis
-      image: docker.io/bitnami/redis:7.4.0-debian-12-r1
+      image: docker.io/bitnami/redis:7.4.0-debian-12-r2
     - name: redis-exporter
       image: docker.io/bitnami/redis-exporter:1.62.0-debian-12-r3
     - name: redis-sentinel
-      image: docker.io/bitnami/redis-sentinel:7.4.0-debian-12-r0
+      image: docker.io/bitnami/redis-sentinel:7.4.0-debian-12-r1
 apiVersion: v2
 appVersion: 7.4.0
 dependencies:
@@ -36,4 +36,4 @@ maintainers:
 name: redis
 sources:
 - https://github.com/bitnami/charts/tree/main/bitnami/redis
-version: 20.0.2
+version: 20.0.3
diff --git a/bitnami/redis/values.yaml b/bitnami/redis/values.yaml
index 8ba59ad446..c273fc065d 100644
--- a/bitnami/redis/values.yaml
+++ b/bitnami/redis/values.yaml
@@ -102,7 +102,7 @@ diagnosticMode:
 image:
   registry: docker.io
   repository: bitnami/redis
-  tag: 7.4.0-debian-12-r1
+  tag: 7.4.0-debian-12-r2
   digest: ""
   ## Specify a imagePullPolicy
   ## Defaults to 'Always' if image tag is 'latest', else set to 'IfNotPresent'
@@ -1140,7 +1140,7 @@ sentinel:
   image:
     registry: docker.io
     repository: bitnami/redis-sentinel
-    tag: 7.4.0-debian-12-r0
+    tag: 7.4.0-debian-12-r1
     digest: ""
     ## Specify a imagePullPolicy
     ## Defaults to 'Always' if image tag is 'latest', else set to 'IfNotPresent'
@@ -2119,7 +2119,7 @@ kubectl:
   image:
     registry: docker.io
     repository: bitnami/kubectl
-    tag: 1.31.0-debian-12-r0
+    tag: 1.31.0-debian-12-r1
     digest: ""
     ## Specify a imagePullPolicy
     ## Defaults to 'Always' if image tag is 'latest', else set to 'IfNotPresent'