diff --git a/charts/redis/Chart.yaml b/charts/redis/Chart.yaml
index 52c4f6099dc350dde63bef9ca39c7b08b57efd05..cadc79653baeba94a41b8361da255ff0c6dad732 100644
--- a/charts/redis/Chart.yaml
+++ b/charts/redis/Chart.yaml
@@ -8,7 +8,7 @@ maintainers:
   - name: groundhog2k
 
 # This is the chart version
-version: 0.5.6
+version: 0.5.7
 
 # This is the version number of the application being deployed.
-appVersion: "7.0.4"
+appVersion: "7.0.5"
diff --git a/charts/redis/README.md b/charts/redis/README.md
index e678b0b33f85fa35f36f0f891250835e9928a312..4cea37c77532aac51e5259098b273dc47d740886 100644
--- a/charts/redis/README.md
+++ b/charts/redis/README.md
@@ -1,6 +1,6 @@
 # Redis
 
-![Version: 0.5.6](https://img.shields.io/badge/Version-0.5.6-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 7.0.4](https://img.shields.io/badge/AppVersion-7.0.4-informational?style=flat-square)
+![Version: 0.5.7](https://img.shields.io/badge/Version-0.5.7-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 7.0.5](https://img.shields.io/badge/AppVersion-7.0.5-informational?style=flat-square)
 
 ## Changelog
 
diff --git a/charts/redis/RELEASENOTES.md b/charts/redis/RELEASENOTES.md
index bef580eb2cb3d866484ce99efe64c1c444240e85..3f8f295403734b7fda8e2fa540391592efa965a8 100644
--- a/charts/redis/RELEASENOTES.md
+++ b/charts/redis/RELEASENOTES.md
@@ -12,4 +12,5 @@
 | 0.5.4 | 7.0.3 | Upgraded to Redis 7.0.3 |
 | 0.5.5 | 7.0.4 | Upgraded to Redis 7.0.4 |
 | 0.5.6 | 7.0.4 | Fixed typo in README.md |
+| 0.5.7 | 7.0.5 | Upgraded to Redis 7.0.5 |
 | | | |