diff --git a/bitnami/appsmith/CHANGELOG.md b/bitnami/appsmith/CHANGELOG.md
index 5702a7b9b7203c..acde47a27a003f 100644
--- a/bitnami/appsmith/CHANGELOG.md
+++ b/bitnami/appsmith/CHANGELOG.md
@@ -1,8 +1,12 @@
 # Changelog
 
-## 4.0.10 (2024-10-02)
+## 5.0.0 (2024-10-08)
 
-* [bitnami/appsmith] Release 4.0.10 ([#29752](https://github.com/bitnami/charts/pull/29752))
+* [bitnami/appsmith] Update MongoDB chart to 16.0.0 ([#29805](https://github.com/bitnami/charts/pull/29805))
+
+## <small>4.0.10 (2024-10-02)</small>
+
+* [bitnami/appsmith] Release 4.0.10 (#29752) ([71ea73f](https://github.com/bitnami/charts/commit/71ea73f5897fdacccdc2d7f612b63ceba5fcc770)), closes [#29752](https://github.com/bitnami/charts/issues/29752)
 
 ## <small>4.0.9 (2024-09-26)</small>
 
diff --git a/bitnami/appsmith/Chart.lock b/bitnami/appsmith/Chart.lock
index d1418751745bd7..f3fe5aad43e91a 100644
--- a/bitnami/appsmith/Chart.lock
+++ b/bitnami/appsmith/Chart.lock
@@ -1,12 +1,12 @@
 dependencies:
 - name: redis
   repository: oci://registry-1.docker.io/bitnamicharts
-  version: 20.1.6
+  version: 20.1.7
 - name: mongodb
   repository: oci://registry-1.docker.io/bitnamicharts
-  version: 15.6.26
+  version: 16.0.0
 - name: common
   repository: oci://registry-1.docker.io/bitnamicharts
-  version: 2.23.0
-digest: sha256:6f2ed652d167765b10b414adef715d229ebc05db336f311c271bfee7ffbd2c48
-generated: "2024-10-02T18:15:08.511727785Z"
+  version: 2.24.0
+digest: sha256:00ff5356fe9dd4cc164cc95f593730ab0bee1d77e4b0b50b03bf6210fbfd3258
+generated: "2024-10-07T17:04:09.330179+02:00"
diff --git a/bitnami/appsmith/Chart.yaml b/bitnami/appsmith/Chart.yaml
index 39a1e6af1d4830..5d08cbb05d32be 100644
--- a/bitnami/appsmith/Chart.yaml
+++ b/bitnami/appsmith/Chart.yaml
@@ -21,7 +21,7 @@ dependencies:
 - condition: mongodb.enabled
   name: mongodb
   repository: oci://registry-1.docker.io/bitnamicharts
-  version: 15.x.x
+  version: 16.x.x
 - name: common
   repository: oci://registry-1.docker.io/bitnamicharts
   tags:
@@ -39,4 +39,4 @@ maintainers:
 name: appsmith
 sources:
 - https://github.com/bitnami/charts/tree/main/bitnami/appsmith
-version: 4.0.10
+version: 5.0.0
diff --git a/bitnami/appsmith/README.md b/bitnami/appsmith/README.md
index ffeff5e6101767..1bcec9edb9b3e1 100644
--- a/bitnami/appsmith/README.md
+++ b/bitnami/appsmith/README.md
@@ -210,7 +210,6 @@ The [Bitnami appsmith](https://github.com/bitnami/containers/tree/main/bitnami/a
 | `global.imageRegistry`                                | Global Docker image registry                                                                                                                                                                                                                                                                                                                                        | `""`   |
 | `global.imagePullSecrets`                             | Global Docker registry secret names as an array                                                                                                                                                                                                                                                                                                                     | `[]`   |
 | `global.defaultStorageClass`                          | Global default StorageClass for Persistent Volume(s)                                                                                                                                                                                                                                                                                                                | `""`   |
-| `global.storageClass`                                 | DEPRECATED: use global.defaultStorageClass instead                                                                                                                                                                                                                                                                                                                  | `""`   |
 | `global.compatibility.openshift.adaptSecurityContext` | Adapt the securityContext sections of the deployment to make them compatible with Openshift restricted-v2 SCC: remove runAsUser, runAsGroup and fsGroup and let the platform use their allowed default IDs. Possible values: auto (apply if the detected running cluster is Openshift), force (perform the adaptation always), disabled (do not perform adaptation) | `auto` |
 
 ### Common parameters
@@ -741,6 +740,10 @@ Find more information about how to deal with common errors related to Bitnami's
 
 ## Upgrading
 
+### To 5.0.0
+
+This major updates the MongoDB&reg; subchart to its newest major, [16.0.0](https://github.com/bitnami/charts/tree/main/bitnami/mongodb#to-1600). To upgrade to MongoDB `8.0` from a `7.0` deployment, the `7.0` deployment must have `featureCompatibilityVersion` set to `7.0`. Please refer to the [official documentation](https://www.mongodb.com/docs/manual/release-notes/8.0/#upgrade-procedures).
+
 ### To 4.0.0
 
 This major updates the Redis&reg; subchart to its newest major, 20.0.0. [Here](https://github.com/bitnami/charts/tree/main/bitnami/redis#to-2000) you can find more information about the changes introduced in that version.
@@ -780,4 +783,4 @@ Unless required by applicable law or agreed to in writing, software
 distributed under the License is distributed on an "AS IS" BASIS,
 WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
 See the License for the specific language governing permissions and
-limitations under the License.
\ No newline at end of file
+limitations under the License.
diff --git a/bitnami/appsmith/values.yaml b/bitnami/appsmith/values.yaml
index d31fc429950321..d731aa37386429 100644
--- a/bitnami/appsmith/values.yaml
+++ b/bitnami/appsmith/values.yaml
@@ -10,7 +10,6 @@
 ## @param global.imageRegistry Global Docker image registry
 ## @param global.imagePullSecrets Global Docker registry secret names as an array
 ## @param global.defaultStorageClass Global default StorageClass for Persistent Volume(s)
-## @param global.storageClass DEPRECATED: use global.defaultStorageClass instead
 ##
 global:
   imageRegistry: ""
@@ -20,7 +19,6 @@ global:
   ##
   imagePullSecrets: []
   defaultStorageClass: ""
-  storageClass: ""
   ## Compatibility adaptations for Kubernetes platforms
   ##
   compatibility: