diff --git a/{{cookiecutter.project_slug}}/requirements/local.txt b/{{cookiecutter.project_slug}}/requirements/local.txt
index 5a47824a9c..5d73492a16 100644
--- a/{{cookiecutter.project_slug}}/requirements/local.txt
+++ b/{{cookiecutter.project_slug}}/requirements/local.txt
@@ -3,9 +3,9 @@
 Werkzeug[watchdog]==3.0.3 # https://github.com/pallets/werkzeug
 ipdb==0.13.13  # https://github.com/gotcha/ipdb
 {%- if cookiecutter.use_docker == 'y' %}
-psycopg[c]==3.1.19  # https://github.com/psycopg/psycopg
+psycopg[c]==3.1.20  # https://github.com/psycopg/psycopg
 {%- else %}
-psycopg[binary]==3.1.19  # https://github.com/psycopg/psycopg
+psycopg[binary]==3.1.20  # https://github.com/psycopg/psycopg
 {%- endif %}
 {%- if cookiecutter.use_async == 'y' or cookiecutter.use_celery == 'y' %}
 watchfiles==0.22.0  # https://github.com/samuelcolvin/watchfiles
diff --git a/{{cookiecutter.project_slug}}/requirements/production.txt b/{{cookiecutter.project_slug}}/requirements/production.txt
index d513bd164d..a57810cf4e 100644
--- a/{{cookiecutter.project_slug}}/requirements/production.txt
+++ b/{{cookiecutter.project_slug}}/requirements/production.txt
@@ -3,7 +3,7 @@
 -r base.txt
 
 gunicorn==22.0.0  # https://github.com/benoitc/gunicorn
-psycopg[c]==3.1.19  # https://github.com/psycopg/psycopg
+psycopg[c]==3.1.20  # https://github.com/psycopg/psycopg
 {%- if cookiecutter.use_whitenoise == 'n' %}
 Collectfast==2.2.0  # https://github.com/antonagestam/collectfast
 {%- endif %}