diff --git a/consts.py b/consts.py
index 46d8b6e..9fd2164 100644
--- a/consts.py
+++ b/consts.py
@@ -1,6 +1,6 @@
 import os
 
 PROVISIONER_NAME = os.getenv("PROVISIONER_NAME", "rawfile.csi.openebs.io")
-PROVISIONER_VERSION = "0.4.4"
+PROVISIONER_VERSION = "0.5.0"
 DATA_DIR = "/data"
 CONFIG = {}
diff --git a/deploy/charts/rawfile-csi/Chart.yaml b/deploy/charts/rawfile-csi/Chart.yaml
index e86e34c..1644430 100644
--- a/deploy/charts/rawfile-csi/Chart.yaml
+++ b/deploy/charts/rawfile-csi/Chart.yaml
@@ -2,4 +2,5 @@ apiVersion: v2
 name: rawfile-csi
 description: RawFile Driver Container Storage Interface
 type: application
-version: 0.4.14
+version: 0.5.0
+appVersion: 0.5.0
diff --git a/deploy/charts/rawfile-csi/values.yaml b/deploy/charts/rawfile-csi/values.yaml
index ccbd93d..b6df2ba 100644
--- a/deploy/charts/rawfile-csi/values.yaml
+++ b/deploy/charts/rawfile-csi/values.yaml
@@ -3,7 +3,7 @@ provisionerName: "rawfile.csi.openebs.io"
 defaults: &defaults
   image:
     repository: docker.io/openebs/rawfile-localpv
-    tag: 0.4.4
+    tag: 0.5.0
     pullPolicy: Always
   resources:
     limits: