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Hey,
Have a look at this document that provides more information on the different options.
An In-place upgrade
- Can be performed from the Amazon RDS console or AWS CLI
- Requires downtime
Blue/green deployments
- Can also be performed from the Amazon RDS console and can minimize risks and downtime
- It may restrict some of the operations that a user can perform until the operation is complete
Out-of-place upgrade
- It reduces downtime because the upgrade happens on a copy of the database
- It takes several steps to configure continuous replication with the new database instance until cutover happens
I hope this answers your question.
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