diff --git a/charts/aws-efs-csi-driver/CHANGELOG.md b/charts/aws-efs-csi-driver/CHANGELOG.md
index e59c8e306..853a964ae 100644
--- a/charts/aws-efs-csi-driver/CHANGELOG.md
+++ b/charts/aws-efs-csi-driver/CHANGELOG.md
@@ -1,4 +1,6 @@
 # Helm chart
+# v2.4.0
+* Bump app/driver version to `v1.5.3`
 # v2.3.9
 * Bump app/driver version to `v1.5.2`
 # v2.3.8
diff --git a/charts/aws-efs-csi-driver/Chart.yaml b/charts/aws-efs-csi-driver/Chart.yaml
index 9517a5087..6c811f3dd 100644
--- a/charts/aws-efs-csi-driver/Chart.yaml
+++ b/charts/aws-efs-csi-driver/Chart.yaml
@@ -1,7 +1,7 @@
 apiVersion: v2
 name: aws-efs-csi-driver
-version: 2.3.9
-appVersion: 1.5.2
+version: 2.4.0
+appVersion: 1.5.3
 kubeVersion: ">=1.17.0-0"
 description: "A Helm chart for AWS EFS CSI Driver"
 home: https://github.com/kubernetes-sigs/aws-efs-csi-driver
diff --git a/charts/aws-efs-csi-driver/values.yaml b/charts/aws-efs-csi-driver/values.yaml
index 536cc2baf..49151e0d2 100644
--- a/charts/aws-efs-csi-driver/values.yaml
+++ b/charts/aws-efs-csi-driver/values.yaml
@@ -11,7 +11,7 @@ useFIPS: false
 
 image:
   repository: amazon/aws-efs-csi-driver
-  tag: "v1.5.2"
+  tag: "v1.5.3"
   pullPolicy: IfNotPresent
 
 sidecars:
diff --git a/deploy/kubernetes/base/controller-deployment.yaml b/deploy/kubernetes/base/controller-deployment.yaml
index 1139632d0..e8723573e 100644
--- a/deploy/kubernetes/base/controller-deployment.yaml
+++ b/deploy/kubernetes/base/controller-deployment.yaml
@@ -29,7 +29,7 @@ spec:
         - name: efs-plugin
           securityContext:
             privileged: true
-          image: amazon/aws-efs-csi-driver:v1.5.2
+          image: amazon/aws-efs-csi-driver:v1.5.3
           imagePullPolicy: IfNotPresent
           args:
             - --endpoint=$(CSI_ENDPOINT)
diff --git a/deploy/kubernetes/base/node-daemonset.yaml b/deploy/kubernetes/base/node-daemonset.yaml
index 15abaf871..eca26ce0d 100644
--- a/deploy/kubernetes/base/node-daemonset.yaml
+++ b/deploy/kubernetes/base/node-daemonset.yaml
@@ -41,7 +41,7 @@ spec:
         - name: efs-plugin
           securityContext:
             privileged: true
-          image: amazon/aws-efs-csi-driver:v1.5.2
+          image: amazon/aws-efs-csi-driver:v1.5.3
           imagePullPolicy: IfNotPresent
           args:
             - --endpoint=$(CSI_ENDPOINT)
diff --git a/deploy/kubernetes/overlays/stable/ecr/kustomization.yaml b/deploy/kubernetes/overlays/stable/ecr/kustomization.yaml
index 1ecc7f8ce..9865de6f2 100644
--- a/deploy/kubernetes/overlays/stable/ecr/kustomization.yaml
+++ b/deploy/kubernetes/overlays/stable/ecr/kustomization.yaml
@@ -5,7 +5,7 @@ bases:
 images:
   - name: amazon/aws-efs-csi-driver
     newName: 602401143452.dkr.ecr.us-west-2.amazonaws.com/eks/aws-efs-csi-driver
-    newTag: v1.5.2
+    newTag: v1.5.3
   - name: public.ecr.aws/eks-distro/kubernetes-csi/livenessprobe
     newName: 602401143452.dkr.ecr.us-west-2.amazonaws.com/eks/livenessprobe
     newTag: v2.8.0-eks-1-25-latest
diff --git a/deploy/kubernetes/overlays/stable/kustomization.yaml b/deploy/kubernetes/overlays/stable/kustomization.yaml
index d0e674cc0..0dfad6708 100644
--- a/deploy/kubernetes/overlays/stable/kustomization.yaml
+++ b/deploy/kubernetes/overlays/stable/kustomization.yaml
@@ -4,7 +4,7 @@ bases:
   - ../../base
 images:
   - name: amazon/aws-efs-csi-driver
-    newTag: v1.5.2
+    newTag: v1.5.3
   - name: public.ecr.aws/eks-distro/kubernetes-csi/livenessprobe
     newTag: v2.8.0-eks-1-25-latest
   - name: public.ecr.aws/eks-distro/kubernetes-csi/node-driver-registrar