diff --git a/bitnami/postgresql/12/ol-7/Dockerfile b/bitnami/postgresql/12/ol-7/Dockerfile
index 4e41028f8d3e..1f322cfbe335 100644
--- a/bitnami/postgresql/12/ol-7/Dockerfile
+++ b/bitnami/postgresql/12/ol-7/Dockerfile
@@ -16,7 +16,7 @@ COPY rootfs /
 RUN rpm -Uvh --nodeps $(repoquery --location nss_wrapper)
 RUN /postunpack.sh
 ENV BITNAMI_APP_NAME="postgresql" \
-    BITNAMI_IMAGE_VERSION="12.1.0-ol-7-r2" \
+    BITNAMI_IMAGE_VERSION="12.1.0-ol-7-r3" \
     LANG="en_US.UTF-8" \
     LANGUAGE="en_US:en" \
     NAMI_PREFIX="/.nami" \
diff --git a/bitnami/postgresql/README.md b/bitnami/postgresql/README.md
index 5334435e217d..e9f323fbc804 100644
--- a/bitnami/postgresql/README.md
+++ b/bitnami/postgresql/README.md
@@ -44,7 +44,7 @@ Non-root container images add an extra layer of security and are generally recom
 Learn more about the Bitnami tagging policy and the difference between rolling tags and immutable tags [in our documentation page](https://docs.bitnami.com/containers/how-to/understand-rolling-tags-containers/).
 
 
-* [`12-ol-7`, `12.1.0-ol-7-r2` (12/ol-7/Dockerfile)](https://github.com/bitnami/bitnami-docker-postgresql/blob/12.1.0-ol-7-r2/12/ol-7/Dockerfile)
+* [`12-ol-7`, `12.1.0-ol-7-r3` (12/ol-7/Dockerfile)](https://github.com/bitnami/bitnami-docker-postgresql/blob/12.1.0-ol-7-r3/12/ol-7/Dockerfile)
 * [`12-debian-9`, `12.1.0-debian-9-r1`, `12`, `12.1.0`, `12.1.0-r1` (12/debian-9/Dockerfile)](https://github.com/bitnami/bitnami-docker-postgresql/blob/12.1.0-debian-9-r1/12/debian-9/Dockerfile)
 * [`12-centos-7`, `12.1.0-centos-7-r3` (12/centos-7/Dockerfile)](https://github.com/bitnami/bitnami-docker-postgresql/blob/12.1.0-centos-7-r3/12/centos-7/Dockerfile)
 * [`11-ol-7`, `11.6.0-ol-7-r2` (11/ol-7/Dockerfile)](https://github.com/bitnami/bitnami-docker-postgresql/blob/11.6.0-ol-7-r2/11/ol-7/Dockerfile)