diff --git a/package-lock.json b/package-lock.json
index f86d78ee..e11c9c6b 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,6 +1,6 @@
 {
   "name": "pos-portal",
-  "version": "1.1.0",
+  "version": "1.2.0",
   "lockfileVersion": 1,
   "requires": true,
   "dependencies": {
diff --git a/package.json b/package.json
index 18bf2e62..d8cbd721 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "pos-portal",
-  "version": "1.1.0",
+  "version": "1.2.0",
   "description": "Contracts to facilitate transfer of assets between main chain and matic chain using security of matic POS layer",
   "main": "index.js",
   "scripts": {