diff --git a/scripts/updateVersion.sh b/scripts/updateVersion.sh
new file mode 100755
index 0000000000..ab8f3aedfa
--- /dev/null
+++ b/scripts/updateVersion.sh
@@ -0,0 +1,81 @@
+#!/bin/bash
+set -e
+
+DIR="$( cd "$( dirname "${BASH_SOURCE[0]}" )" &> /dev/null && pwd )"
+
+echo "The version is of form - VersionMajor.VersionMinor.VersionPatch-VersionMeta"
+echo "Let's take 0.3.4-beta as an example. Here:"
+echo "* VersionMajor is - 0"
+echo "* VersionMinor is - 3"
+echo "* VersionPatch is - 4"
+echo "* VersionMeta is  - beta"
+echo ""
+echo "Now, enter the new version step-by-step below:"
+
+version=""
+
+# VersionMajor
+read -p "* VersionMajor: " VersionMajor
+if [ -z "$VersionMajor" ]
+then
+    echo "VersionMajor cannot be NULL"
+    exit -1
+fi
+version+=$VersionMajor
+
+# VersionMinor
+read -p "* VersionMinor: " VersionMinor
+if [ -z "$VersionMinor" ]
+then
+    echo "VersionMinor cannot be NULL"
+    exit -1
+fi
+version+="."$VersionMinor
+
+# VersionPatch
+read -p "* VersionPatch: " VersionPatch
+if [ -z "$VersionPatch" ]
+then
+    echo "VersionPatch cannot be NULL"
+    exit -1
+fi
+version+="."$VersionPatch
+
+# VersionMeta (optional)
+read -p "* VersionMeta (optional, press enter if not needed): " VersionMeta
+if [[ ! -z "$VersionMeta" ]]
+then
+    version+="-"$VersionMeta
+fi
+
+echo ""
+echo "New version is: $version"
+
+# update version in all the 6 templates
+replace="Version: "$version
+fileArray=(
+    "${DIR}/../packaging/templates/package_scripts/control"
+    "${DIR}/../packaging/templates/package_scripts/control.arm64"
+    "${DIR}/../packaging/templates/package_scripts/control.profile.amd64"
+    "${DIR}/../packaging/templates/package_scripts/control.profile.arm64"
+    "${DIR}/../packaging/templates/package_scripts/control.validator"
+    "${DIR}/../packaging/templates/package_scripts/control.validator.arm64"
+)
+for file in ${fileArray[@]}; do
+    # get the line starting with `Version` in the control file and store it in the $temp variable
+    temp=$(grep "^Version.*" $file)
+    sed -i '' "s%$temp%$replace%" $file
+done
+
+# update version in  ../params/version.go
+versionFile="${DIR}/../params/version.go"
+sed -i '' "s% = .*// Major% = $VersionMajor // Major%g" $versionFile
+sed -i '' "s% = .*// Minor% = $VersionMinor // Minor%g" $versionFile
+sed -i '' "s% = .*// Patch% = $VersionPatch // Patch%g" $versionFile
+sed -i '' "s% = .*// Version metadata% = \"$VersionMeta\" // Version metadata%g" $versionFile
+gofmt -w $versionFile
+
+echo ""
+echo "Updating Version Done"
+
+exit 0