diff --git a/synapse/storage/prepare_database.py b/synapse/storage/prepare_database.py
index c08e9cd65a..cf2aae0468 100644
--- a/synapse/storage/prepare_database.py
+++ b/synapse/storage/prepare_database.py
@@ -26,7 +26,7 @@ logger = logging.getLogger(__name__)
 
 # Remember to update this number every time a change is made to database
 # schema files, so the users will be informed on server restarts.
-SCHEMA_VERSION = 49
+SCHEMA_VERSION = 50
 
 dir_path = os.path.abspath(os.path.dirname(__file__))