diff --git a/fineract-provider/build.gradle b/fineract-provider/build.gradle
index 5972e3e5c..63f75b0b9 100644
--- a/fineract-provider/build.gradle
+++ b/fineract-provider/build.gradle
@@ -105,7 +105,7 @@ dependencyManagement {
         dependency 'commons-io:commons-io:2.8.0'
         dependency 'org.drizzle.jdbc:drizzle-jdbc:1.4'
         dependency 'com.github.librepdf:openpdf:1.3.22'
-        dependency 'org.mnode.ical4j:ical4j:3.0.19'
+        dependency 'org.mnode.ical4j:ical4j:3.0.20'
         dependency 'org.quartz-scheduler:quartz:2.3.2'
         dependency 'com.amazonaws:aws-java-sdk-s3:1.11.874'
         dependency 'org.ehcache:ehcache:3.9.0'