diff --git a/micro-benchmarks/nccl-tests/README.md b/micro-benchmarks/nccl-tests/README.md
index bbd5ee9e..8f9fead4 100644
--- a/micro-benchmarks/nccl-tests/README.md
+++ b/micro-benchmarks/nccl-tests/README.md
@@ -37,7 +37,7 @@ The NCCL tests are packaged in a container.
 > |-----------------------|-------------|---------------------------------------------------------------------------------------------|
 > |`GDRCOPY_VERSION`      | `v2.4.1`    | [link](https://github.com/NVIDIA/gdrcopy)                                                   |
 > |`EFA_INSTALLER_VERSION`| `1.35.0`    | [link](https://docs.aws.amazon.com/AWSEC2/latest/UserGuide/efa-start.html#efa-start-enable) |
-> |`AWS_OFI_NCCL_VERSION` | `v1.12.0-aws`| [link](https://github.com/aws/aws-ofi-nccl)                                                 |
+> |`AWS_OFI_NCCL_VERSION` | `v1.12.1-aws`| [link](https://github.com/aws/aws-ofi-nccl)                                                 |
 > |`NCCL_VERSION`         | `v2.23.4-1` | [link](https://github.com/NVIDIA/nccl)                                                      |
 > |`NCCL_TESTS_VERSION`   | `v2.13.10`   | [link](https://github.com/NVIDIA/nccl-tests)                                                |
 
@@ -45,7 +45,7 @@ The NCCL tests are packaged in a container.
 1. Build the container image with the command below:
    ```bash
    EFA_INSTALLER_VERSION=1.35.0
-   AWS_OFI_NCCL_VERSION=v1.12.0-aws
+   AWS_OFI_NCCL_VERSION=v1.12.1-aws
    NCCL_VERSION=v2.23.4-1
    NCCL_TESTS_VERSION=v2.13.10
    docker build  -f nccl-tests.Dockerfile \
@@ -82,7 +82,7 @@ To run the NCCL tests on EKS, you will need to build the container image, then p
 1. Create the ECR repository if it does not exist
    ```bash
    EFA_INSTALLER_VERSION=1.35.0
-   AWS_OFI_NCCL_VERSION=v1.12.0-aws
+   AWS_OFI_NCCL_VERSION=v1.12.1-aws
    NCCL_VERSION=v2.23.4-1
    NCCL_TESTS_VERSION=v2.13.10
    ECR_REPOSITORY_NAME="nccl-tests"
diff --git a/micro-benchmarks/nccl-tests/buildspec.yaml b/micro-benchmarks/nccl-tests/buildspec.yaml
index 8a064f1b..18ea9350 100644
--- a/micro-benchmarks/nccl-tests/buildspec.yaml
+++ b/micro-benchmarks/nccl-tests/buildspec.yaml
@@ -4,7 +4,7 @@ env:
   variables:
     GDRCOPY_VERSION: "v2.4.1"
     EFA_INSTALLER_VERSION: "1.35.0"
-    AWS_OFI_NCCL_VERSION: "v1.12.0-aws"
+    AWS_OFI_NCCL_VERSION: "v1.12.1-aws"
     NCCL_VERSION: "v2.23.4-1"
     NCCL_TESTS_VERSION: "v2.13.10"
   exported-variables:
diff --git a/micro-benchmarks/nccl-tests/nccl-tests.Dockerfile b/micro-benchmarks/nccl-tests/nccl-tests.Dockerfile
index 4aa71c03..e3e32e58 100644
--- a/micro-benchmarks/nccl-tests/nccl-tests.Dockerfile
+++ b/micro-benchmarks/nccl-tests/nccl-tests.Dockerfile
@@ -4,7 +4,7 @@ FROM nvidia/cuda:12.2.2-devel-ubuntu22.04
 
 ARG GDRCOPY_VERSION=v2.4.1
 ARG EFA_INSTALLER_VERSION=1.35.0
-ARG AWS_OFI_NCCL_VERSION=v1.12.0-aws
+ARG AWS_OFI_NCCL_VERSION=v1.12.1-aws
 ARG NCCL_VERSION=v2.23.4-1
 ARG NCCL_TESTS_VERSION=v2.13.10