diff --git a/charts/redis/Chart.yaml b/charts/redis/Chart.yaml
index b584bd9f638d00485d7713968614e73d48ed283b..52c4f6099dc350dde63bef9ca39c7b08b57efd05 100644
--- a/charts/redis/Chart.yaml
+++ b/charts/redis/Chart.yaml
@@ -8,7 +8,7 @@ maintainers:
   - name: groundhog2k
 
 # This is the chart version
-version: 0.5.5
+version: 0.5.6
 
 # This is the version number of the application being deployed.
 appVersion: "7.0.4"
diff --git a/charts/redis/README.md b/charts/redis/README.md
index b366eb853c25dea24d36a9562b57a5f9c9eb9a90..e678b0b33f85fa35f36f0f891250835e9928a312 100644
--- a/charts/redis/README.md
+++ b/charts/redis/README.md
@@ -1,6 +1,6 @@
 # Redis
 
-![Version: 0.5.5](https://img.shields.io/badge/Version-0.5.5-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: 0.5.6](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)
 
 ## Changelog
 
@@ -120,7 +120,7 @@ helm uninstall my-release
 | podDisruptionBudget.minAvailable | int | `nil` | Minimum number of pods that must be available after eviction |
 | podDisruptionBudget.maxUnavailable | int | `nil` | Maximum number of pods that can be unavailable after eviction |
 
-## Service paramters
+## Service parameters
 
 | Key | Type | Default | Description |
 |-----|------|---------|-------------|
diff --git a/charts/redis/RELEASENOTES.md b/charts/redis/RELEASENOTES.md
index 308d7f51245e444caf696d3efcbde54b6e507f88..bef580eb2cb3d866484ce99efe64c1c444240e85 100644
--- a/charts/redis/RELEASENOTES.md
+++ b/charts/redis/RELEASENOTES.md
@@ -11,4 +11,5 @@
 | 0.5.3 | 7.0.2 | Added headless service for redis and sentinel port |
 | 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 |
 | | | |