diff --git a/buildSrc/src/main/groovy/org.apache.fineract.dependencies.gradle b/buildSrc/src/main/groovy/org.apache.fineract.dependencies.gradle
index 2e4b1c5a479..f8c7ee06d68 100644
--- a/buildSrc/src/main/groovy/org.apache.fineract.dependencies.gradle
+++ b/buildSrc/src/main/groovy/org.apache.fineract.dependencies.gradle
@@ -67,7 +67,7 @@ dependencyManagement {
         }
         dependency 'commons-io:commons-io:2.17.0'
         dependency 'com.github.librepdf:openpdf:2.0.3'
-        dependency ('org.mnode.ical4j:ical4j:3.2.19') {
+        dependency ('org.mnode.ical4j:ical4j:4.0.7') {
             exclude 'com.sun.mail:javax.mail'
             exclude 'org.codehaus.groovy:groovy'
         }