diff --git a/.github/workflows/plugin_install.yml b/.github/workflows/plugin_install.yml
index 4fe2a72f0e..8b0d42ac55 100644
--- a/.github/workflows/plugin_install.yml
+++ b/.github/workflows/plugin_install.yml
@@ -3,7 +3,7 @@ name: Plugin Install
 on: [push, pull_request, workflow_dispatch]
 
 env:
-  OPENSEARCH_VERSION: 2.12.0
+  OPENSEARCH_VERSION: 2.12.1
   PLUGIN_NAME: opensearch-security
 
 jobs:
diff --git a/build.gradle b/build.gradle
index f334892c13..de4e7ee661 100644
--- a/build.gradle
+++ b/build.gradle
@@ -16,7 +16,7 @@ import groovy.json.JsonBuilder
 
 buildscript {
     ext {
-        opensearch_version = System.getProperty("opensearch.version", "2.12.0-SNAPSHOT")
+        opensearch_version = System.getProperty("opensearch.version", "2.12.1-SNAPSHOT")
         isSnapshot = "true" == System.getProperty("build.snapshot", "true")
         buildVersionQualifier = System.getProperty("build.version_qualifier", "")
 
diff --git a/bwc-test/build.gradle b/bwc-test/build.gradle
index 7b0c66c402..4d683e08c0 100644
--- a/bwc-test/build.gradle
+++ b/bwc-test/build.gradle
@@ -44,7 +44,7 @@ ext {
 
 buildscript {
     ext {
-        opensearch_version = System.getProperty("opensearch.version", "2.12.0-SNAPSHOT")
+        opensearch_version = System.getProperty("opensearch.version", "2.12.1-SNAPSHOT")
         opensearch_group = "org.opensearch"
         common_utils_version = System.getProperty("common_utils.version", '2.9.0.0-SNAPSHOT')
         jackson_version = System.getProperty("jackson_version", "2.15.2")
@@ -83,7 +83,7 @@ testingConventions.enabled = false
 validateNebulaPom.enabled = false
 
 String previousVersion = System.getProperty("bwc.version.previous", "2.10.0.0")
-String nextVersion = System.getProperty("bwc.version.next", "2.12.0.0")
+String nextVersion = System.getProperty("bwc.version.next", "2.12.1.0")
 
 String bwcVersion = previousVersion
 String baseName = "securityBwcCluster"