diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index ae18f824..e82b742d 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.42.0
+current_version = 0.42.1
 commit = True
 message = Update version {current_version} -> {new_version} [skip ci]
 
diff --git a/README.md b/README.md
index 6fc1c280..60f8efbb 100644
--- a/README.md
+++ b/README.md
@@ -7,7 +7,7 @@
 [![CLA assistant](https://cla-assistant.io/readme/badge/IBM/platform-services-go-sdk)](https://cla-assistant.io/IBM/platform-services-go-sdk)
 
 
-# IBM Cloud Platform Services Go SDK Version 0.42.0
+# IBM Cloud Platform Services Go SDK Version 0.42.1
 
 Go client library to interact with various
 [IBM Cloud Platform Service APIs](https://cloud.ibm.com/docs?tab=api-docs&category=platform_services).
@@ -86,7 +86,7 @@ Service Name | Package name
 * Go version 1.18 or above.
 
 ## Installation
-The current version of this SDK: 0.42.0
+The current version of this SDK: 0.42.1
 
 ### Go modules  
 If your application uses Go modules for dependency management (recommended), just add an import for each service 
diff --git a/common/version.go b/common/version.go
index 0d2fb6bb..2b20e66c 100644
--- a/common/version.go
+++ b/common/version.go
@@ -17,4 +17,4 @@
 package common
 
 // Version of the SDK
-const Version = "0.42.0"
+const Version = "0.42.1"