diff --git a/buildSrc/src/main/groovy/org.apache.fineract.dependencies.gradle b/buildSrc/src/main/groovy/org.apache.fineract.dependencies.gradle
index 25b6323ef46..76c5fcd5d94 100644
--- a/buildSrc/src/main/groovy/org.apache.fineract.dependencies.gradle
+++ b/buildSrc/src/main/groovy/org.apache.fineract.dependencies.gradle
@@ -57,7 +57,7 @@ dependencyManagement {
         }
         dependency 'commons-io:commons-io:2.11.0'
         dependency 'com.github.librepdf:openpdf:1.3.30'
-        dependency ('org.mnode.ical4j:ical4j:3.2.7') {
+        dependency ('org.mnode.ical4j:ical4j:4.0.2') {
             exclude 'com.sun.mail:javax.mail'
         }
         dependency 'org.quartz-scheduler:quartz:2.3.2'