diff --git a/charts/opentelemetry-operator/Chart.yaml b/charts/opentelemetry-operator/Chart.yaml
index 176c62aec..a51dfc761 100644
--- a/charts/opentelemetry-operator/Chart.yaml
+++ b/charts/opentelemetry-operator/Chart.yaml
@@ -1,6 +1,6 @@
 apiVersion: v2
 name: opentelemetry-operator
-version: 0.62.0
+version: 0.62.1
 description: OpenTelemetry Operator Helm chart for Kubernetes
 type: application
 home: https://opentelemetry.io/
diff --git a/charts/opentelemetry-operator/README.md b/charts/opentelemetry-operator/README.md
index df4ed8e6a..03f7986c0 100644
--- a/charts/opentelemetry-operator/README.md
+++ b/charts/opentelemetry-operator/README.md
@@ -108,6 +108,18 @@ $ helm show values open-telemetry/opentelemetry-operator
 
 When using this chart as a subchart, you may want to unset certain default values. Since Helm v3.13 values handling is improved and null can now consistently be used to remove values (e.g. to remove the default CPU limits).
 
+### Role-based Access Control (RBAC) Configuration
+
+The OpenTelemetry Collector requires specific RBAC permissions to function correctly, especially when using the `k8sattributesprocessor`. Depending on your deployment's scope, you may need to configure Cluster-scoped or Namespace-scoped RBAC permissions.
+
+- **Cluster-scoped RBAC**: Necessary if the collector is to receive telemetry from across multiple namespaces. This setup requires `get`, `watch`, and `list` permissions on `pods`, `namespaces`, and `nodes`, plus `replicasets` if using deployment-related attributes.
+
+- **Namespace-scoped RBAC**: Suitable for collecting telemetry within a specific namespace. This requires setting up a `Role` and `RoleBinding` to grant access to `pods` and `replicasets` within the target namespace. This setup limits the collector's access to resources within the specified namespace only.
+
+**Important**: The `manager.createRbacPermissions` flag in the Helm chart values should be set to `false` if you are manually configuring RBAC permissions for the collector. Manual configuration allows for more granular control over the permissions granted to the OpenTelemetry Collector, ensuring it has exactly the access it needs based on your specific deployment requirements.
+
+For detailed instructions and examples on configuring RBAC permissions, please refer to the [official documentation](https://github.com/open-telemetry/opentelemetry-collector-contrib/blob/main/processor/k8sattributesprocessor/README.md).
+
 ## Install OpenTelemetry Collector
 
 _See [OpenTelemetry website](https://opentelemetry.io/docs/collector/) for more details about the Collector_
diff --git a/charts/opentelemetry-operator/examples/default/rendered/admission-webhooks/operator-webhook-with-cert-manager.yaml b/charts/opentelemetry-operator/examples/default/rendered/admission-webhooks/operator-webhook-with-cert-manager.yaml
index 10568452e..afa346f96 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/admission-webhooks/operator-webhook-with-cert-manager.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/admission-webhooks/operator-webhook-with-cert-manager.yaml
@@ -6,7 +6,7 @@ metadata:
   annotations:
     cert-manager.io/inject-ca-from: default/example-opentelemetry-operator-serving-cert
   labels:
-    helm.sh/chart: opentelemetry-operator-0.62.0
+    helm.sh/chart: opentelemetry-operator-0.62.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.102.0"
     app.kubernetes.io/managed-by: Helm
@@ -91,7 +91,7 @@ metadata:
   annotations:
     cert-manager.io/inject-ca-from: default/example-opentelemetry-operator-serving-cert
   labels:
-    helm.sh/chart: opentelemetry-operator-0.62.0
+    helm.sh/chart: opentelemetry-operator-0.62.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.102.0"
     app.kubernetes.io/managed-by: Helm
diff --git a/charts/opentelemetry-operator/examples/default/rendered/certmanager.yaml b/charts/opentelemetry-operator/examples/default/rendered/certmanager.yaml
index 97e07f285..e073d6a8b 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/certmanager.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/certmanager.yaml
@@ -4,7 +4,7 @@ apiVersion: cert-manager.io/v1
 kind: Certificate
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.62.0
+    helm.sh/chart: opentelemetry-operator-0.62.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.102.0"
     app.kubernetes.io/managed-by: Helm
@@ -30,7 +30,7 @@ apiVersion: cert-manager.io/v1
 kind: Issuer
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.62.0
+    helm.sh/chart: opentelemetry-operator-0.62.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.102.0"
     app.kubernetes.io/managed-by: Helm
diff --git a/charts/opentelemetry-operator/examples/default/rendered/clusterrole.yaml b/charts/opentelemetry-operator/examples/default/rendered/clusterrole.yaml
index 9b4b931d1..8757b4c27 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/clusterrole.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/clusterrole.yaml
@@ -4,7 +4,7 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRole
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.62.0
+    helm.sh/chart: opentelemetry-operator-0.62.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.102.0"
     app.kubernetes.io/managed-by: Helm
@@ -223,7 +223,7 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRole
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.62.0
+    helm.sh/chart: opentelemetry-operator-0.62.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.102.0"
     app.kubernetes.io/managed-by: Helm
@@ -242,7 +242,7 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRole
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.62.0
+    helm.sh/chart: opentelemetry-operator-0.62.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.102.0"
     app.kubernetes.io/managed-by: Helm
diff --git a/charts/opentelemetry-operator/examples/default/rendered/clusterrolebinding.yaml b/charts/opentelemetry-operator/examples/default/rendered/clusterrolebinding.yaml
index 763d96ae7..58c217cd7 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/clusterrolebinding.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/clusterrolebinding.yaml
@@ -4,7 +4,7 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRoleBinding
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.62.0
+    helm.sh/chart: opentelemetry-operator-0.62.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.102.0"
     app.kubernetes.io/managed-by: Helm
@@ -26,7 +26,7 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRoleBinding
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.62.0
+    helm.sh/chart: opentelemetry-operator-0.62.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.102.0"
     app.kubernetes.io/managed-by: Helm
diff --git a/charts/opentelemetry-operator/examples/default/rendered/deployment.yaml b/charts/opentelemetry-operator/examples/default/rendered/deployment.yaml
index 7a09693e1..833be140a 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/deployment.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/deployment.yaml
@@ -4,7 +4,7 @@ apiVersion: apps/v1
 kind: Deployment
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.62.0
+    helm.sh/chart: opentelemetry-operator-0.62.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.102.0"
     app.kubernetes.io/managed-by: Helm
diff --git a/charts/opentelemetry-operator/examples/default/rendered/role.yaml b/charts/opentelemetry-operator/examples/default/rendered/role.yaml
index b28070c60..749dd20a9 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/role.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/role.yaml
@@ -4,7 +4,7 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: Role
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.62.0
+    helm.sh/chart: opentelemetry-operator-0.62.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.102.0"
     app.kubernetes.io/managed-by: Helm
diff --git a/charts/opentelemetry-operator/examples/default/rendered/rolebinding.yaml b/charts/opentelemetry-operator/examples/default/rendered/rolebinding.yaml
index c2f84c8cf..2a1a7596f 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/rolebinding.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/rolebinding.yaml
@@ -4,7 +4,7 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: RoleBinding
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.62.0
+    helm.sh/chart: opentelemetry-operator-0.62.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.102.0"
     app.kubernetes.io/managed-by: Helm
diff --git a/charts/opentelemetry-operator/examples/default/rendered/service.yaml b/charts/opentelemetry-operator/examples/default/rendered/service.yaml
index ed72f7104..cc2f54251 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/service.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/service.yaml
@@ -4,7 +4,7 @@ apiVersion: v1
 kind: Service
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.62.0
+    helm.sh/chart: opentelemetry-operator-0.62.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.102.0"
     app.kubernetes.io/managed-by: Helm
@@ -32,7 +32,7 @@ apiVersion: v1
 kind: Service
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.62.0
+    helm.sh/chart: opentelemetry-operator-0.62.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.102.0"
     app.kubernetes.io/managed-by: Helm
diff --git a/charts/opentelemetry-operator/examples/default/rendered/serviceaccount.yaml b/charts/opentelemetry-operator/examples/default/rendered/serviceaccount.yaml
index 9282b9580..9aa297b21 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/serviceaccount.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/serviceaccount.yaml
@@ -6,7 +6,7 @@ metadata:
   name: opentelemetry-operator
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.62.0
+    helm.sh/chart: opentelemetry-operator-0.62.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.102.0"
     app.kubernetes.io/managed-by: Helm
diff --git a/charts/opentelemetry-operator/examples/default/rendered/tests/test-certmanager-connection.yaml b/charts/opentelemetry-operator/examples/default/rendered/tests/test-certmanager-connection.yaml
index 5b3411a20..4286ada26 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/tests/test-certmanager-connection.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/tests/test-certmanager-connection.yaml
@@ -6,7 +6,7 @@ metadata:
   name: "example-opentelemetry-operator-cert-manager"
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.62.0
+    helm.sh/chart: opentelemetry-operator-0.62.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.102.0"
     app.kubernetes.io/managed-by: Helm
diff --git a/charts/opentelemetry-operator/examples/default/rendered/tests/test-service-connection.yaml b/charts/opentelemetry-operator/examples/default/rendered/tests/test-service-connection.yaml
index abe83812b..a27885174 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/tests/test-service-connection.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/tests/test-service-connection.yaml
@@ -6,7 +6,7 @@ metadata:
   name: "example-opentelemetry-operator-metrics"
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.62.0
+    helm.sh/chart: opentelemetry-operator-0.62.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.102.0"
     app.kubernetes.io/managed-by: Helm
@@ -44,7 +44,7 @@ metadata:
   name: "example-opentelemetry-operator-webhook"
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.62.0
+    helm.sh/chart: opentelemetry-operator-0.62.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.102.0"
     app.kubernetes.io/managed-by: Helm
diff --git a/charts/opentelemetry-operator/templates/deployment.yaml b/charts/opentelemetry-operator/templates/deployment.yaml
index 28a425137..aa996244f 100644
--- a/charts/opentelemetry-operator/templates/deployment.yaml
+++ b/charts/opentelemetry-operator/templates/deployment.yaml
@@ -74,9 +74,6 @@ spec:
             {{- if .Values.manager.featureGates }}
             - --feature-gates={{ .Values.manager.featureGates }}
             {{- end }}
-            {{- if .Values.manager.createRbacPermissions }}
-            - --create-rbac-permissions
-            {{- end }}
             {{-  if .Values.manager.extraArgs  }}
             {{- .Values.manager.extraArgs | toYaml | nindent 12 }}
             {{-  end  }}
@@ -89,6 +86,12 @@ spec:
               value: {{ $value | quote -}}
             {{- end }}
           {{- end }}
+          {{- if .Values.manager.createRbacPermissions}}
+            - name: SERVICE_ACCOUNT_NAME
+              valueFrom:
+                fieldRef:
+                  fieldPath: spec.serviceAccountName
+          {{- end }}
           image: {{ include "opentelemetry-operator.image" . | quote }}
           name: manager
           ports:
diff --git a/charts/opentelemetry-operator/values.yaml b/charts/opentelemetry-operator/values.yaml
index e9cb1b5dc..205c438b9 100644
--- a/charts/opentelemetry-operator/values.yaml
+++ b/charts/opentelemetry-operator/values.yaml
@@ -126,7 +126,7 @@ manager:
     # add annotations on the PrometheusRule
     annotations: {}
 
-  # Whether the operator should create RBAC permissions for collectors
+  # Whether the operator should create RBAC permissions for collectors. See README.md for more information.
   createRbacPermissions: false
   ## List of additional cli arguments to configure the manager
   ## for example: --labels, etc.