diff --git a/README.md b/README.md
index e1edaeb7a..877763527 100644
--- a/README.md
+++ b/README.md
@@ -99,6 +99,7 @@ in the Kubernetes documentation.
 | Ceph CSI Release/Branch | Container image name         | Image Tag |
 | ----------------------- | ---------------------------- | --------- |
 | Master (Branch)         | quay.io/cephcsi/cephcsi      | canary    |
+| v3.2.1 (Release)        | quay.io/cephcsi/cephcsi      | v3.2.1    |
 | v3.2.0 (Release)        | quay.io/cephcsi/cephcsi      | v3.2.0    |
 | v3.1.2 (Release)        | quay.io/cephcsi/cephcsi      | v3.1.2    |
 | v3.1.1 (Release)        | quay.io/cephcsi/cephcsi      | v3.1.1    |
diff --git a/build.env b/build.env
index 086af2ad3..2416a860a 100644
--- a/build.env
+++ b/build.env
@@ -10,7 +10,7 @@
 #
 
 # cephcsi image version
-CSI_IMAGE_VERSION=v3.2-canary
+CSI_IMAGE_VERSION=v3.2.1
 
 # Ceph version to use
 BASE_IMAGE=docker.io/ceph/ceph:v15
diff --git a/charts/ceph-csi-cephfs/Chart.yaml b/charts/ceph-csi-cephfs/Chart.yaml
index 844b06e8e..cc7319730 100644
--- a/charts/ceph-csi-cephfs/Chart.yaml
+++ b/charts/ceph-csi-cephfs/Chart.yaml
@@ -1,10 +1,10 @@
 ---
 apiVersion: v1
-appVersion: v3.2-canary
+appVersion: v3.2.1
 description: "Container Storage Interface (CSI) driver,
 provisioner, snapshotter and attacher for Ceph cephfs"
 name: ceph-csi-cephfs
-version: 3.2-canary
+version: 3.2.1-canary
 keywords:
   - ceph
   - cephfs
diff --git a/charts/ceph-csi-cephfs/values.yaml b/charts/ceph-csi-cephfs/values.yaml
index 3b1f352b0..ffe76da14 100644
--- a/charts/ceph-csi-cephfs/values.yaml
+++ b/charts/ceph-csi-cephfs/values.yaml
@@ -80,7 +80,7 @@ nodeplugin:
   plugin:
     image:
       repository: quay.io/cephcsi/cephcsi
-      tag: v3.2-canary
+      tag: v3.2.1
       pullPolicy: IfNotPresent
     resources: {}
 
diff --git a/charts/ceph-csi-rbd/Chart.yaml b/charts/ceph-csi-rbd/Chart.yaml
index abf6bf07b..f031eb256 100644
--- a/charts/ceph-csi-rbd/Chart.yaml
+++ b/charts/ceph-csi-rbd/Chart.yaml
@@ -1,10 +1,10 @@
 ---
 apiVersion: v1
-appVersion: v3.2-canary
+appVersion: v3.2.1
 description: "Container Storage Interface (CSI) driver,
 provisioner, snapshotter, and attacher for Ceph RBD"
 name: ceph-csi-rbd
-version: 3.2-canary
+version: 3.2.1-canary
 keywords:
   - ceph
   - rbd
diff --git a/charts/ceph-csi-rbd/values.yaml b/charts/ceph-csi-rbd/values.yaml
index 5cb98fd6d..629ea2b75 100644
--- a/charts/ceph-csi-rbd/values.yaml
+++ b/charts/ceph-csi-rbd/values.yaml
@@ -92,7 +92,7 @@ nodeplugin:
   plugin:
     image:
       repository: quay.io/cephcsi/cephcsi
-      tag: v3.2-canary
+      tag: v3.2.1
       pullPolicy: IfNotPresent
     resources: {}
 
diff --git a/deploy/cephfs/kubernetes/csi-cephfsplugin-provisioner.yaml b/deploy/cephfs/kubernetes/csi-cephfsplugin-provisioner.yaml
index 60064f459..8d5febe4e 100644
--- a/deploy/cephfs/kubernetes/csi-cephfsplugin-provisioner.yaml
+++ b/deploy/cephfs/kubernetes/csi-cephfsplugin-provisioner.yaml
@@ -109,7 +109,7 @@ spec:
             capabilities:
               add: ["SYS_ADMIN"]
           # for stable functionality replace canary with latest release version
-          image: quay.io/cephcsi/cephcsi:v3.2-canary
+          image: quay.io/cephcsi/cephcsi:v3.2.1
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=cephfs"
@@ -145,7 +145,7 @@ spec:
             - name: keys-tmp-dir
               mountPath: /tmp/csi/keys
         - name: liveness-prometheus
-          image: quay.io/cephcsi/cephcsi:v3.2-canary
+          image: quay.io/cephcsi/cephcsi:v3.2.1
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"
diff --git a/deploy/cephfs/kubernetes/csi-cephfsplugin.yaml b/deploy/cephfs/kubernetes/csi-cephfsplugin.yaml
index 34cf0db24..e6acad9cc 100644
--- a/deploy/cephfs/kubernetes/csi-cephfsplugin.yaml
+++ b/deploy/cephfs/kubernetes/csi-cephfsplugin.yaml
@@ -46,7 +46,7 @@ spec:
               add: ["SYS_ADMIN"]
             allowPrivilegeEscalation: true
           # for stable functionality replace canary with latest release version
-          image: quay.io/cephcsi/cephcsi:v3.2-canary
+          image: quay.io/cephcsi/cephcsi:v3.2.1
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=cephfs"
@@ -96,7 +96,7 @@ spec:
         - name: liveness-prometheus
           securityContext:
             privileged: true
-          image: quay.io/cephcsi/cephcsi:v3.2-canary
+          image: quay.io/cephcsi/cephcsi:v3.2.1
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"
diff --git a/deploy/rbd/kubernetes/csi-rbdplugin-provisioner.yaml b/deploy/rbd/kubernetes/csi-rbdplugin-provisioner.yaml
index d14a92ffa..2708791a9 100644
--- a/deploy/rbd/kubernetes/csi-rbdplugin-provisioner.yaml
+++ b/deploy/rbd/kubernetes/csi-rbdplugin-provisioner.yaml
@@ -112,7 +112,7 @@ spec:
             capabilities:
               add: ["SYS_ADMIN"]
           # for stable functionality replace canary with latest release version
-          image: quay.io/cephcsi/cephcsi:v3.2-canary
+          image: quay.io/cephcsi/cephcsi:v3.2.1
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=rbd"
@@ -157,7 +157,7 @@ spec:
             capabilities:
               add: ["SYS_ADMIN"]
           # for stable functionality replace canary with latest release version
-          image: quay.io/cephcsi/cephcsi:v3.2-canary
+          image: quay.io/cephcsi/cephcsi:v3.2.1
           args:
             - "--type=controller"
             - "--v=5"
@@ -175,7 +175,7 @@ spec:
             - name: keys-tmp-dir
               mountPath: /tmp/csi/keys
         - name: liveness-prometheus
-          image: quay.io/cephcsi/cephcsi:v3.2-canary
+          image: quay.io/cephcsi/cephcsi:v3.2.1
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"
diff --git a/deploy/rbd/kubernetes/csi-rbdplugin.yaml b/deploy/rbd/kubernetes/csi-rbdplugin.yaml
index 7c98c0c0c..35c820aa2 100644
--- a/deploy/rbd/kubernetes/csi-rbdplugin.yaml
+++ b/deploy/rbd/kubernetes/csi-rbdplugin.yaml
@@ -47,7 +47,7 @@ spec:
               add: ["SYS_ADMIN"]
             allowPrivilegeEscalation: true
           # for stable functionality replace canary with latest release version
-          image: quay.io/cephcsi/cephcsi:v3.2-canary
+          image: quay.io/cephcsi/cephcsi:v3.2.1
           args:
             - "--nodeid=$(NODE_ID)"
             - "--type=rbd"
@@ -99,7 +99,7 @@ spec:
         - name: liveness-prometheus
           securityContext:
             privileged: true
-          image: quay.io/cephcsi/cephcsi:v3.2-canary
+          image: quay.io/cephcsi/cephcsi:v3.2.1
           args:
             - "--type=liveness"
             - "--endpoint=$(CSI_ENDPOINT)"
diff --git a/scripts/minikube.sh b/scripts/minikube.sh
index 7395fc669..00ff8b194 100755
--- a/scripts/minikube.sh
+++ b/scripts/minikube.sh
@@ -280,7 +280,7 @@ teardown-rook)
     ;;
 cephcsi)
     echo "copying the cephcsi image"
-    copy_image_to_cluster "${CEPHCSI_IMAGE_REPO}"/cephcsi:v3.2-canary "${CEPHCSI_IMAGE_REPO}"/cephcsi:v3.2-canary
+    copy_image_to_cluster "${CEPHCSI_IMAGE_REPO}"/cephcsi:v3.2.1 "${CEPHCSI_IMAGE_REPO}"/cephcsi:v3.2.1
     ;;
 k8s-sidecar)
     echo "copying the kubernetes sidecar images"