diff --git a/README.md b/README.md
index 1502017a3..7f800c680 100644
--- a/README.md
+++ b/README.md
@@ -87,6 +87,7 @@ in the Kubernetes documentation.
 | Ceph CSI Release/Branch | Container image name         | Image Tag |
 | ----------------------- | ---------------------------- | --------- |
 | Master (Branch)         | quay.io/cephcsi/cephcsi      | canary    |
+| v1.2.1 (Release)        | quay.io/cephcsi/cephcsi      | v1.2.1    |
 | v1.2.0 (Release)        | quay.io/cephcsi/cephcsi      | v1.2.0    |
 | v1.1.0 (Release)        | quay.io/cephcsi/cephcsi      | v1.1.0    |
 | v1.0.0 (Branch)         | quay.io/cephcsi/cephfsplugin | v1.0.0    |
diff --git a/deploy/cephfs/kubernetes/v1.13/csi-cephfsplugin-provisioner.yaml b/deploy/cephfs/kubernetes/v1.13/csi-cephfsplugin-provisioner.yaml
index 26931e995..d02107692 100644
--- a/deploy/cephfs/kubernetes/v1.13/csi-cephfsplugin-provisioner.yaml
+++ b/deploy/cephfs/kubernetes/v1.13/csi-cephfsplugin-provisioner.yaml
@@ -68,7 +68,7 @@ spec:
             capabilities:
               add: ["SYS_ADMIN"]
           # for stable functionality replace canary with latest release version
-          image: quay.io/cephcsi/cephcsi:v1.2.0
+          image: quay.io/cephcsi/cephcsi:v1.2.1
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=cephfs"
@@ -112,7 +112,7 @@ spec:
             - name: keys-tmp-dir
               mountPath: /tmp/csi/keys
         - name: liveness-prometheus
-          image: quay.io/cephcsi/cephcsi:v1.2.0
+          image: quay.io/cephcsi/cephcsi:v1.2.1
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"
diff --git a/deploy/cephfs/kubernetes/v1.13/csi-cephfsplugin.yaml b/deploy/cephfs/kubernetes/v1.13/csi-cephfsplugin.yaml
index 85ebad13f..14263d755 100644
--- a/deploy/cephfs/kubernetes/v1.13/csi-cephfsplugin.yaml
+++ b/deploy/cephfs/kubernetes/v1.13/csi-cephfsplugin.yaml
@@ -49,7 +49,7 @@ spec:
               add: ["SYS_ADMIN"]
             allowPrivilegeEscalation: true
           # for stable functionality replace canary with latest release version
-          image: quay.io/cephcsi/cephcsi:v1.2.0
+          image: quay.io/cephcsi/cephcsi:v1.2.1
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=cephfs"
@@ -102,7 +102,7 @@ spec:
             - name: keys-tmp-dir
               mountPath: /tmp/csi/keys
         - name: liveness-prometheus
-          image: quay.io/cephcsi/cephcsi:v1.2.0
+          image: quay.io/cephcsi/cephcsi:v1.2.1
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"
diff --git a/deploy/cephfs/kubernetes/v1.13/helm/ceph-csi-cephfs/values.yaml b/deploy/cephfs/kubernetes/v1.13/helm/ceph-csi-cephfs/values.yaml
index aff07cc73..20cfae2c7 100644
--- a/deploy/cephfs/kubernetes/v1.13/helm/ceph-csi-cephfs/values.yaml
+++ b/deploy/cephfs/kubernetes/v1.13/helm/ceph-csi-cephfs/values.yaml
@@ -34,7 +34,7 @@ nodeplugin:
     image:
       repository: quay.io/cephcsi/cephcsi
       # for stable functionality replace canary with latest release version
-      tag: v1.2.0
+      tag: v1.2.1
       pullPolicy: IfNotPresent
     resources: {}
 
diff --git a/deploy/cephfs/kubernetes/v1.14+/csi-cephfsplugin-provisioner.yaml b/deploy/cephfs/kubernetes/v1.14+/csi-cephfsplugin-provisioner.yaml
index d49ec710f..b51166132 100644
--- a/deploy/cephfs/kubernetes/v1.14+/csi-cephfsplugin-provisioner.yaml
+++ b/deploy/cephfs/kubernetes/v1.14+/csi-cephfsplugin-provisioner.yaml
@@ -71,7 +71,7 @@ spec:
             capabilities:
               add: ["SYS_ADMIN"]
           # for stable functionality replace canary with latest release version
-          image: quay.io/cephcsi/cephcsi:v1.2.0
+          image: quay.io/cephcsi/cephcsi:v1.2.1
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=cephfs"
@@ -115,7 +115,7 @@ spec:
             - name: keys-tmp-dir
               mountPath: /tmp/csi/keys
         - name: liveness-prometheus
-          image: quay.io/cephcsi/cephcsi:v1.2.0
+          image: quay.io/cephcsi/cephcsi:v1.2.1
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"
diff --git a/deploy/cephfs/kubernetes/v1.14+/csi-cephfsplugin.yaml b/deploy/cephfs/kubernetes/v1.14+/csi-cephfsplugin.yaml
index 527e9c7ff..fb7c0adb9 100644
--- a/deploy/cephfs/kubernetes/v1.14+/csi-cephfsplugin.yaml
+++ b/deploy/cephfs/kubernetes/v1.14+/csi-cephfsplugin.yaml
@@ -49,7 +49,7 @@ spec:
               add: ["SYS_ADMIN"]
             allowPrivilegeEscalation: true
           # for stable functionality replace canary with latest release version
-          image: quay.io/cephcsi/cephcsi:v1.2.0
+          image: quay.io/cephcsi/cephcsi:v1.2.1
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=cephfs"
@@ -101,7 +101,7 @@ spec:
             - name: keys-tmp-dir
               mountPath: /tmp/csi/keys
         - name: liveness-prometheus
-          image: quay.io/cephcsi/cephcsi:v1.2.0
+          image: quay.io/cephcsi/cephcsi:v1.2.1
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"
diff --git a/deploy/cephfs/kubernetes/v1.14+/helm/ceph-csi-cephfs/values.yaml b/deploy/cephfs/kubernetes/v1.14+/helm/ceph-csi-cephfs/values.yaml
index 2866a1d77..30ee1343b 100644
--- a/deploy/cephfs/kubernetes/v1.14+/helm/ceph-csi-cephfs/values.yaml
+++ b/deploy/cephfs/kubernetes/v1.14+/helm/ceph-csi-cephfs/values.yaml
@@ -34,7 +34,7 @@ nodeplugin:
     image:
       repository: quay.io/cephcsi/cephcsi
       # for stable functionality replace canary with latest release version
-      tag: v1.2.0
+      tag: v1.2.1
       pullPolicy: IfNotPresent
     resources: {}
 
diff --git a/deploy/rbd/kubernetes/v1.13/csi-rbdplugin-provisioner.yaml b/deploy/rbd/kubernetes/v1.13/csi-rbdplugin-provisioner.yaml
index 2d18d3317..257357ec5 100644
--- a/deploy/rbd/kubernetes/v1.13/csi-rbdplugin-provisioner.yaml
+++ b/deploy/rbd/kubernetes/v1.13/csi-rbdplugin-provisioner.yaml
@@ -83,7 +83,7 @@ spec:
             capabilities:
               add: ["SYS_ADMIN"]
           # for stable functionality replace canary with latest release version
-          image: quay.io/cephcsi/cephcsi:v1.2.0
+          image: quay.io/cephcsi/cephcsi:v1.2.1
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=rbd"
@@ -125,7 +125,7 @@ spec:
             - name: keys-tmp-dir
               mountPath: /tmp/csi/keys
         - name: liveness-prometheus
-          image: quay.io/cephcsi/cephcsi:v1.2.0
+          image: quay.io/cephcsi/cephcsi:v1.2.1
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"
diff --git a/deploy/rbd/kubernetes/v1.13/csi-rbdplugin.yaml b/deploy/rbd/kubernetes/v1.13/csi-rbdplugin.yaml
index 0b8b4cdae..a5d0f1cc2 100644
--- a/deploy/rbd/kubernetes/v1.13/csi-rbdplugin.yaml
+++ b/deploy/rbd/kubernetes/v1.13/csi-rbdplugin.yaml
@@ -52,7 +52,7 @@ spec:
               add: ["SYS_ADMIN"]
             allowPrivilegeEscalation: true
           # for stable functionality replace canary with latest release version
-          image: quay.io/cephcsi/cephcsi:v1.2.0
+          image: quay.io/cephcsi/cephcsi:v1.2.1
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=rbd"
@@ -99,7 +99,7 @@ spec:
             - name: keys-tmp-dir
               mountPath: /tmp/csi/keys
         - name: liveness-prometheus
-          image: quay.io/cephcsi/cephcsi:v1.2.0
+          image: quay.io/cephcsi/cephcsi:v1.2.1
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"
diff --git a/deploy/rbd/kubernetes/v1.13/helm/ceph-csi-rbd/values.yaml b/deploy/rbd/kubernetes/v1.13/helm/ceph-csi-rbd/values.yaml
index be02dfa9e..b7240a8a7 100644
--- a/deploy/rbd/kubernetes/v1.13/helm/ceph-csi-rbd/values.yaml
+++ b/deploy/rbd/kubernetes/v1.13/helm/ceph-csi-rbd/values.yaml
@@ -34,7 +34,7 @@ nodeplugin:
     image:
       repository: quay.io/cephcsi/cephcsi
       # for stable functionality replace canary with latest release version
-      tag: v1.2.0
+      tag: v1.2.1
       pullPolicy: IfNotPresent
     resources: {}
 
diff --git a/deploy/rbd/kubernetes/v1.14+/csi-rbdplugin-provisioner.yaml b/deploy/rbd/kubernetes/v1.14+/csi-rbdplugin-provisioner.yaml
index fd43125ad..5a21f2332 100644
--- a/deploy/rbd/kubernetes/v1.14+/csi-rbdplugin-provisioner.yaml
+++ b/deploy/rbd/kubernetes/v1.14+/csi-rbdplugin-provisioner.yaml
@@ -86,7 +86,7 @@ spec:
             capabilities:
               add: ["SYS_ADMIN"]
           # for stable functionality replace canary with latest release version
-          image: quay.io/cephcsi/cephcsi:v1.2.0
+          image: quay.io/cephcsi/cephcsi:v1.2.1
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=rbd"
@@ -128,7 +128,7 @@ spec:
             - name: keys-tmp-dir
               mountPath: /tmp/csi/keys
         - name: liveness-prometheus
-          image: quay.io/cephcsi/cephcsi:v1.2.0
+          image: quay.io/cephcsi/cephcsi:v1.2.1
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"
diff --git a/deploy/rbd/kubernetes/v1.14+/csi-rbdplugin.yaml b/deploy/rbd/kubernetes/v1.14+/csi-rbdplugin.yaml
index 0b8b4cdae..a5d0f1cc2 100644
--- a/deploy/rbd/kubernetes/v1.14+/csi-rbdplugin.yaml
+++ b/deploy/rbd/kubernetes/v1.14+/csi-rbdplugin.yaml
@@ -52,7 +52,7 @@ spec:
               add: ["SYS_ADMIN"]
             allowPrivilegeEscalation: true
           # for stable functionality replace canary with latest release version
-          image: quay.io/cephcsi/cephcsi:v1.2.0
+          image: quay.io/cephcsi/cephcsi:v1.2.1
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=rbd"
@@ -99,7 +99,7 @@ spec:
             - name: keys-tmp-dir
               mountPath: /tmp/csi/keys
         - name: liveness-prometheus
-          image: quay.io/cephcsi/cephcsi:v1.2.0
+          image: quay.io/cephcsi/cephcsi:v1.2.1
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"
diff --git a/deploy/rbd/kubernetes/v1.14+/helm/ceph-csi-rbd/values.yaml b/deploy/rbd/kubernetes/v1.14+/helm/ceph-csi-rbd/values.yaml
index 00d0e9b6a..52947166a 100644
--- a/deploy/rbd/kubernetes/v1.14+/helm/ceph-csi-rbd/values.yaml
+++ b/deploy/rbd/kubernetes/v1.14+/helm/ceph-csi-rbd/values.yaml
@@ -34,7 +34,7 @@ nodeplugin:
     image:
       repository: quay.io/cephcsi/cephcsi
       # for stable functionality replace canary with latest release version
-      tag: v1.2.0
+      tag: v1.2.1
       pullPolicy: IfNotPresent
     resources: {}