diff --git a/chart/Chart.lock b/chart/Chart.lock
index 20839ad8db324..8e99c4bdc7372 100644
--- a/chart/Chart.lock
+++ b/chart/Chart.lock
@@ -1,6 +1,6 @@
 dependencies:
 - name: postgresql
   repository: https://charts.bitnami.com/bitnami
-  version: 12.1.9
-digest: sha256:becf42e73c2aac0b2200698e1aaeee1be13507db2f882e5713c91833351a94e6
-generated: "2023-01-20T11:34:59.293080448Z"
+  version: 12.10.0
+digest: sha256:731562ef1f62ee687121df2d44ff8131a73aa63841f6cac858c30748ad349d55
+generated: "2023-08-25T13:23:48.02337-06:00"
diff --git a/chart/Chart.yaml b/chart/Chart.yaml
index 28f26650a2271..b4ea66f7faa36 100644
--- a/chart/Chart.yaml
+++ b/chart/Chart.yaml
@@ -34,7 +34,7 @@ keywords:
   - scheduler
 dependencies:
   - name: postgresql
-    version: 12.1.9
+    version: 12.10.0
     repository: https://charts.bitnami.com/bitnami
     condition: postgresql.enabled
 maintainers:
diff --git a/chart/charts/postgresql-12.1.9.tgz b/chart/charts/postgresql-12.1.9.tgz
deleted file mode 100644
index dc21bbf5eb5ab..0000000000000
Binary files a/chart/charts/postgresql-12.1.9.tgz and /dev/null differ
diff --git a/chart/charts/postgresql-12.10.0.tgz b/chart/charts/postgresql-12.10.0.tgz
new file mode 100644
index 0000000000000..0946bad2f049f
Binary files /dev/null and b/chart/charts/postgresql-12.10.0.tgz differ
diff --git a/chart/newsfragments/33747.significant.rst b/chart/newsfragments/33747.significant.rst
new file mode 100644
index 0000000000000..f0ac317ee9a18
--- /dev/null
+++ b/chart/newsfragments/33747.significant.rst
@@ -0,0 +1,3 @@
+``bitnami/postgresql`` subchart updated to ``12.10.0``
+
+The PostgreSQL subchart that is used with the Chart is now ``12.10.0``, previously it was ``12.1.9``.