diff --git a/docs/conf.py b/docs/conf.py
index 1f40f4419..621a3a38d 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -25,7 +25,7 @@
 # The short X.Y version
 version = ''
 # The full version, including alpha/beta/rc tags
-release = '0.20.0'
+release = '0.20.1'
 
 # -- General configuration ---------------------------------------------------
 
diff --git a/qiskit_ibm_runtime/VERSION.txt b/qiskit_ibm_runtime/VERSION.txt
index 5a03fb737..847e9aef6 100644
--- a/qiskit_ibm_runtime/VERSION.txt
+++ b/qiskit_ibm_runtime/VERSION.txt
@@ -1 +1 @@
-0.20.0
+0.20.1