diff --git a/BUILD b/BUILD
index f3bc81e1dac..10435f36cc3 100644
--- a/BUILD
+++ b/BUILD
@@ -211,11 +211,11 @@ config_setting(
 python_config_settings()
 
 # This should be updated along with build_handwritten.yaml
-g_stands_for = "grand"  # @unused
+g_stands_for = "guardian"  # @unused
 
 core_version = "38.0.0"  # @unused
 
-version = "1.61.0-dev"  # @unused
+version = "1.62.0-dev"  # @unused
 
 GPR_PUBLIC_HDRS = [
     "include/grpc/support/alloc.h",
diff --git a/build_handwritten.yaml b/build_handwritten.yaml
index 711c0fd8177..985b46c20fb 100644
--- a/build_handwritten.yaml
+++ b/build_handwritten.yaml
@@ -14,9 +14,9 @@ settings:
   '#10': See the expand_version.py for all the quirks here
   core_version: 38.0.0
   csharp_major_version: 2
-  g_stands_for: grand
+  g_stands_for: guardian
   protobuf_version: 3.25.1
-  version: 1.61.0-dev
+  version: 1.62.0-dev
 configs:
   asan:
     CC: clang
diff --git a/doc/g_stands_for.md b/doc/g_stands_for.md
index 6c4ab101081..37119622645 100644
--- a/doc/g_stands_for.md
+++ b/doc/g_stands_for.md
@@ -60,4 +60,5 @@
 - 1.58 'g' stands for ['goku'](https://github.com/grpc/grpc/tree/v1.58.x)
 - 1.59 'g' stands for ['generative'](https://github.com/grpc/grpc/tree/v1.59.x)
 - 1.60 'g' stands for ['gjallarhorn'](https://github.com/grpc/grpc/tree/v1.60.x)
-- 1.61 'g' stands for ['grand'](https://github.com/grpc/grpc/tree/master)
+- 1.61 'g' stands for ['grand'](https://github.com/grpc/grpc/tree/v1.61.x)
+- 1.62 'g' stands for ['guardian'](https://github.com/grpc/grpc/tree/master)