diff --git a/CHANGELOG.md b/CHANGELOG.md
index 497a071ca..58cb446e3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -11,8 +11,8 @@ _**NOTE**: For details on EDP releases, please refer to the [RELEASES.md](./RELE
 ## [Unreleased]
 
 
-<a name="v3.7.0"></a>
-## v3.7.0 - 2023-12-18
+<a name="v3.7.1"></a>
+## v3.7.1 - 2023-12-18
 ### Features
 
 - Update secret labels type ([#74](https://github.com/epam/edp-install/issues/74))
@@ -43,6 +43,7 @@ _**NOTE**: For details on EDP releases, please refer to the [RELEASES.md](./RELE
 
 ### Routine
 
+- Update release version to 3.7.1 ([#126](https://github.com/epam/edp-install/issues/126))
 - Align helm charts versions ([#126](https://github.com/epam/edp-install/issues/126))
 - Minimize mandatory parameters in values.yaml ([#121](https://github.com/epam/edp-install/issues/121))
 - Update current development version ([#110](https://github.com/epam/edp-install/issues/110))
@@ -155,4 +156,4 @@ _**NOTE**: For details on EDP releases, please refer to the [RELEASES.md](./RELE
 - Align DefectDojo integration ([#50](https://github.com/epam/edp-install/issues/50))
 
 
-[Unreleased]: https://github.com/epam/edp-install/compare/v3.7.0...HEAD
+[Unreleased]: https://github.com/epam/edp-install/compare/v3.7.1...HEAD
diff --git a/deploy-templates/Chart.yaml b/deploy-templates/Chart.yaml
index eaf13748e..9a5152847 100644
--- a/deploy-templates/Chart.yaml
+++ b/deploy-templates/Chart.yaml
@@ -3,8 +3,8 @@ description: A Helm chart for EDP Install
 home: https://epam.github.io/edp-install/
 name: edp-install
 type: application
-version: 3.7.0
-appVersion: 3.7.0
+version: 3.7.1
+appVersion: 3.7.1
 icon: https://epam.github.io/edp-install/assets/logo.png
 keywords:
   - edp
diff --git a/deploy-templates/README.md b/deploy-templates/README.md
index d2584ee3b..535577315 100644
--- a/deploy-templates/README.md
+++ b/deploy-templates/README.md
@@ -1,6 +1,6 @@
 # edp-install
 
-![Version: 3.7.0](https://img.shields.io/badge/Version-3.7.0-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 3.7.0](https://img.shields.io/badge/AppVersion-3.7.0-informational?style=flat-square)
+![Version: 3.7.1](https://img.shields.io/badge/Version-3.7.1-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 3.7.1](https://img.shields.io/badge/AppVersion-3.7.1-informational?style=flat-square)
 
 A Helm chart for EDP Install