diff --git a/resources/charts/bitcoincore/charts/lnd/templates/_helpers.tpl b/resources/charts/bitcoincore/charts/lnd/templates/_helpers.tpl
index c7f5ae792..b32edb388 100644
--- a/resources/charts/bitcoincore/charts/lnd/templates/_helpers.tpl
+++ b/resources/charts/bitcoincore/charts/lnd/templates/_helpers.tpl
@@ -85,3 +85,15 @@ Create a hex-encoded RGB color derived from the namespace
 {{- printf "#%s" (substr 0 6 $hash) -}}
 {{- end -}}
 
+{{/*
+Data to init wallet with root key if lnd >= v0.16.0-beta
+*/}}
+{{- define "lnd.initwalletData" -}}
+{{- $tag := .Values.image.tag -}}
+{{- $supportsRootKey := semverCompare ">=0.16.0-beta" $tag -}}
+{{- if $supportsRootKey -}}
+"{\"macaroon_root_key\":\"{{ .Values.macaroonRootKey }}\", \"wallet_password\":\"AAAAAAAAAAA=\", \"cipher_seed_mnemonic\": $PHRASE}"
+{{- else -}}
+"{\"wallet_password\":\"AAAAAAAAAAA=\", \"cipher_seed_mnemonic\": $PHRASE}"
+{{- end -}}
+{{- end -}}
diff --git a/resources/charts/bitcoincore/charts/lnd/templates/pod.yaml b/resources/charts/bitcoincore/charts/lnd/templates/pod.yaml
index c8cbb2441..ae48728a4 100644
--- a/resources/charts/bitcoincore/charts/lnd/templates/pod.yaml
+++ b/resources/charts/bitcoincore/charts/lnd/templates/pod.yaml
@@ -69,7 +69,7 @@ spec:
 
               PHRASE=$(cat /tmp/genseed.json | grep -o '\[[^]]*\]')
 
-              until curl --fail --insecure https://localhost:8080/v1/initwallet --data "{\"macaroon_root_key\":\"{{ .Values.macaroonRootKey }}\", \"wallet_password\":\"AAAAAAAAAAA=\", \"cipher_seed_mnemonic\": $PHRASE}"; do
+              until curl --fail --insecure https://localhost:8080/v1/initwallet --data {{ include "lnd.initwalletData" . }}; do
                 sleep 5
               done
       resources: