diff --git a/.github/workflows/build-postgresql.yml b/.github/workflows/build-postgresql.yml
index 706b2beef..8cbca971c 100644
--- a/.github/workflows/build-postgresql.yml
+++ b/.github/workflows/build-postgresql.yml
@@ -10,7 +10,7 @@ jobs:
 
     services:
         postgresql:
-            image: postgres:15.3
+            image: postgres:16.0
             ports:
                 - 5432:5432
             env:
diff --git a/docker-compose-postgresql-activemq.yml b/docker-compose-postgresql-activemq.yml
index 7140e5a3f..9ddca5629 100644
--- a/docker-compose-postgresql-activemq.yml
+++ b/docker-compose-postgresql-activemq.yml
@@ -26,7 +26,7 @@ services:
       - 61616:61616
   # Backend service
   fineractpostgresql:
-    image: postgres:15.3
+    image: postgres:16.0
     volumes:
       - ./fineract-db/docker/postgresql:/docker-entrypoint-initdb.d/:Z,ro
     restart: always
diff --git a/docker-compose-postgresql-kafka-msk.yml b/docker-compose-postgresql-kafka-msk.yml
index 6e6cb5639..52e2f0769 100644
--- a/docker-compose-postgresql-kafka-msk.yml
+++ b/docker-compose-postgresql-kafka-msk.yml
@@ -21,7 +21,7 @@ version: '3.7'
 services:
   # Backend service
   fineractpostgresql:
-    image: postgres:15.3
+    image: postgres:16.0
     volumes:
       - ./fineract-db/docker/postgresql:/docker-entrypoint-initdb.d/:Z,ro
     environment:
diff --git a/docker-compose-postgresql-kafka.yml b/docker-compose-postgresql-kafka.yml
index bfd632d36..b774a530f 100644
--- a/docker-compose-postgresql-kafka.yml
+++ b/docker-compose-postgresql-kafka.yml
@@ -34,7 +34,7 @@ services:
       - KAFKA_ADVERTISED_LISTENERS=PLAINTEXT://kafka:9092
   # Backend service
   fineractpostgresql:
-    image: postgres:15.3
+    image: postgres:16.0
     volumes:
       - ./fineract-db/docker/postgresql:/docker-entrypoint-initdb.d/:Z,ro
     environment:
diff --git a/docker-compose-postgresql.yml b/docker-compose-postgresql.yml
index 327046fc8..e3df34fc3 100644
--- a/docker-compose-postgresql.yml
+++ b/docker-compose-postgresql.yml
@@ -21,7 +21,7 @@ version: '3.7'
 services:
   # Backend service
   fineractpostgresql:
-    image: postgres:15.3
+    image: postgres:16.0
     volumes:
       - ./fineract-db/docker/postgresql:/docker-entrypoint-initdb.d/:Z,ro
     restart: always