diff --git a/README.md b/README.md
index 7915f004fac..d590c154282 100644
--- a/README.md
+++ b/README.md
@@ -56,6 +56,7 @@ environments.
 
 | Ceph CSI Version | Container Orchestrator Name | Version Tested     |
 | -----------------| --------------------------- | -------------------|
+| v3.16.2          | Kubernetes                  | v1.32, v1.33, v1.34|
 | v3.16.1          | Kubernetes                  | v1.32, v1.33, v1.34|
 | v3.16.0          | Kubernetes                  | v1.32, v1.33, v1.34|
 | v3.15.0          | Kubernetes                  | v1.31, v1.32, v1.33|
@@ -130,6 +131,7 @@ in the Kubernetes documentation.
 | Ceph CSI Release/Branch | Container image name         | Image Tag |
 | ----------------------- | ---------------------------- | --------- |
 | devel (Branch)          | quay.io/cephcsi/cephcsi      | canary    |
+| v3.16.2 (Release)       | quay.io/cephcsi/cephcsi      | v3.16.2   |
 | v3.16.1 (Release)       | quay.io/cephcsi/cephcsi      | v3.16.1   |
 | v3.16.0 (Release)       | quay.io/cephcsi/cephcsi      | v3.16.0   |
 | v3.15.1 (Release)       | quay.io/cephcsi/cephcsi      | v3.15.1   |
diff --git a/build.env b/build.env
index 05488b66bfe..4003441eadf 100644
--- a/build.env
+++ b/build.env
@@ -9,10 +9,10 @@
 # get proporly expanded.
 #
 # cephcsi image version
-CSI_IMAGE_VERSION=v3.16-canary
+CSI_IMAGE_VERSION=v3.16.2
 
 # cephcsi upgrade version
-CSI_UPGRADE_VERSION=v3.15.1
+CSI_UPGRADE_VERSION=v3.16.1
 
 # ceph-csi-operator version used for e2e test
 # TODO: use release tag which includes the bug fixes
diff --git a/charts/ceph-csi-cephfs/values.yaml b/charts/ceph-csi-cephfs/values.yaml
index 6663497df88..e065cd51a3e 100644
--- a/charts/ceph-csi-cephfs/values.yaml
+++ b/charts/ceph-csi-cephfs/values.yaml
@@ -138,7 +138,7 @@ nodeplugin:
   plugin:
     image:
       repository: quay.io/cephcsi/cephcsi
-      tag: v3.16-canary
+      tag: v3.16.2
       pullPolicy: IfNotPresent
     resources: {}
 
diff --git a/charts/ceph-csi-rbd/values.yaml b/charts/ceph-csi-rbd/values.yaml
index 6a0321790f9..39c616bc0c2 100644
--- a/charts/ceph-csi-rbd/values.yaml
+++ b/charts/ceph-csi-rbd/values.yaml
@@ -149,7 +149,7 @@ nodeplugin:
   plugin:
     image:
       repository: quay.io/cephcsi/cephcsi
-      tag: v3.16-canary
+      tag: v3.16.2
       pullPolicy: IfNotPresent
     resources: {}
 
diff --git a/deploy/cephfs/kubernetes/csi-cephfsplugin-provisioner.yaml b/deploy/cephfs/kubernetes/csi-cephfsplugin-provisioner.yaml
index 87823945fd0..0ca83abab99 100644
--- a/deploy/cephfs/kubernetes/csi-cephfsplugin-provisioner.yaml
+++ b/deploy/cephfs/kubernetes/csi-cephfsplugin-provisioner.yaml
@@ -43,7 +43,7 @@ spec:
       priorityClassName: system-cluster-critical
       containers:
         - name: csi-cephfsplugin
-          image: quay.io/cephcsi/cephcsi:v3.16-canary
+          image: quay.io/cephcsi/cephcsi:v3.16.2
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=cephfs"
@@ -193,7 +193,7 @@ spec:
             - name: socket-dir
               mountPath: /csi
         - name: liveness-prometheus
-          image: quay.io/cephcsi/cephcsi:v3.16-canary
+          image: quay.io/cephcsi/cephcsi:v3.16.2
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"
diff --git a/deploy/cephfs/kubernetes/csi-cephfsplugin.yaml b/deploy/cephfs/kubernetes/csi-cephfsplugin.yaml
index 66fee18af04..038f3e91ca6 100644
--- a/deploy/cephfs/kubernetes/csi-cephfsplugin.yaml
+++ b/deploy/cephfs/kubernetes/csi-cephfsplugin.yaml
@@ -26,7 +26,7 @@ spec:
             capabilities:
               add: ["SYS_ADMIN"]
             allowPrivilegeEscalation: true
-          image: quay.io/cephcsi/cephcsi:v3.16-canary
+          image: quay.io/cephcsi/cephcsi:v3.16.2
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=cephfs"
@@ -125,7 +125,7 @@ spec:
           securityContext:
             privileged: true
             allowPrivilegeEscalation: true
-          image: quay.io/cephcsi/cephcsi:v3.16-canary
+          image: quay.io/cephcsi/cephcsi:v3.16.2
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"
diff --git a/deploy/nfs/kubernetes/csi-nfsplugin-provisioner.yaml b/deploy/nfs/kubernetes/csi-nfsplugin-provisioner.yaml
index 755a1414421..d52434f896c 100644
--- a/deploy/nfs/kubernetes/csi-nfsplugin-provisioner.yaml
+++ b/deploy/nfs/kubernetes/csi-nfsplugin-provisioner.yaml
@@ -40,7 +40,7 @@ spec:
               topologyKey: "kubernetes.io/hostname"
       containers:
         - name: csi-nfsplugin
-          image: quay.io/cephcsi/cephcsi:v3.16-canary
+          image: quay.io/cephcsi/cephcsi:v3.16.2
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=nfs"
@@ -147,7 +147,7 @@ spec:
             - name: socket-dir
               mountPath: /csi
         - name: liveness-prometheus
-          image: quay.io/cephcsi/cephcsi:v3.16-canary
+          image: quay.io/cephcsi/cephcsi:v3.16.2
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"
diff --git a/deploy/nfs/kubernetes/csi-nfsplugin.yaml b/deploy/nfs/kubernetes/csi-nfsplugin.yaml
index dc6d2e30edd..78c249292db 100644
--- a/deploy/nfs/kubernetes/csi-nfsplugin.yaml
+++ b/deploy/nfs/kubernetes/csi-nfsplugin.yaml
@@ -26,7 +26,7 @@ spec:
             capabilities:
               add: ["SYS_ADMIN"]
             allowPrivilegeEscalation: true
-          image: quay.io/cephcsi/cephcsi:v3.16-canary
+          image: quay.io/cephcsi/cephcsi:v3.16.2
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=nfs"
diff --git a/deploy/rbd/kubernetes/csi-rbdplugin-provisioner.yaml b/deploy/rbd/kubernetes/csi-rbdplugin-provisioner.yaml
index 8ed53e5b1ff..461f01034fe 100644
--- a/deploy/rbd/kubernetes/csi-rbdplugin-provisioner.yaml
+++ b/deploy/rbd/kubernetes/csi-rbdplugin-provisioner.yaml
@@ -47,7 +47,7 @@ spec:
       priorityClassName: system-cluster-critical
       containers:
         - name: csi-rbdplugin
-          image: quay.io/cephcsi/cephcsi:v3.16-canary
+          image: quay.io/cephcsi/cephcsi:v3.16.2
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=rbd"
@@ -209,7 +209,7 @@ spec:
             - name: socket-dir
               mountPath: /csi
         - name: csi-rbdplugin-controller
-          image: quay.io/cephcsi/cephcsi:v3.16-canary
+          image: quay.io/cephcsi/cephcsi:v3.16.2
           args:
             - "--type=controller"
             - "--v=5"
@@ -230,7 +230,7 @@ spec:
             - name: ceph-config
               mountPath: /etc/ceph/
         - name: liveness-prometheus
-          image: quay.io/cephcsi/cephcsi:v3.16-canary
+          image: quay.io/cephcsi/cephcsi:v3.16.2
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"
diff --git a/deploy/rbd/kubernetes/csi-rbdplugin.yaml b/deploy/rbd/kubernetes/csi-rbdplugin.yaml
index cf68cbe8fb3..5abf27eea78 100644
--- a/deploy/rbd/kubernetes/csi-rbdplugin.yaml
+++ b/deploy/rbd/kubernetes/csi-rbdplugin.yaml
@@ -28,7 +28,7 @@ spec:
             capabilities:
               add: ["SYS_ADMIN"]
             allowPrivilegeEscalation: true
-          image: quay.io/cephcsi/cephcsi:v3.16-canary
+          image: quay.io/cephcsi/cephcsi:v3.16.2
           args:
             - "--nodeid=$(NODE_ID)"
             - "--pluginpath=/var/lib/kubelet/plugins"
@@ -135,7 +135,7 @@ spec:
           securityContext:
             privileged: true
             allowPrivilegeEscalation: true
-          image: quay.io/cephcsi/cephcsi:v3.16-canary
+          image: quay.io/cephcsi/cephcsi:v3.16.2
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"
diff --git a/docs/ceph-csi-upgrade.md b/docs/ceph-csi-upgrade.md
index 81f265a0f9e..2e2a2b3e5a5 100644
--- a/docs/ceph-csi-upgrade.md
+++ b/docs/ceph-csi-upgrade.md
@@ -104,15 +104,15 @@ compatibility support and without prior notice.
 For example, upgrading from 3.13 to 3.16 is not recommended.
 
 **Refer to the Breaking Changes Section in the
-[release notes](https://github.com/ceph/ceph-csi/releases/tag/v3.16.1) before
+[release notes](https://github.com/ceph/ceph-csi/releases/tag/v3.16.2) before
 proceeding further.**
 
-git checkout v3.16.1 tag
+git checkout v3.16.2 tag
 
 ```bash
 git clone https://github.com/ceph/ceph-csi.git
 cd ./ceph-csi
-git checkout v3.16.1
+git checkout v3.16.2
 ```
 
 ```console