diff --git a/Cargo.lock b/Cargo.lock
index 0f06c5125b5..2177fd5c957 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -12284,18 +12284,18 @@ checksum = "388a1df253eca08550bef6c72392cfe7c30914bf41df5269b68cbd6ff8f570a3"
 
 [[package]]
 name = "serde"
-version = "1.0.162"
+version = "1.0.163"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "71b2f6e1ab5c2b98c05f0f35b236b22e8df7ead6ffbf51d7808da7f8817e7ab6"
+checksum = "2113ab51b87a539ae008b5c6c02dc020ffa39afd2d83cffcb3f4eb2722cebec2"
 dependencies = [
  "serde_derive",
 ]
 
 [[package]]
 name = "serde_derive"
-version = "1.0.162"
+version = "1.0.163"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a2a0814352fd64b58489904a44ea8d90cb1a91dcb6b4f5ebabc32c8318e93cb6"
+checksum = "8c805777e3930c8883389c602315a24224bcc738b63905ef87cd1420353ea93e"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/client/relay-chain-rpc-interface/Cargo.toml b/client/relay-chain-rpc-interface/Cargo.toml
index 962377874c1..55ffd3d0c72 100644
--- a/client/relay-chain-rpc-interface/Cargo.toml
+++ b/client/relay-chain-rpc-interface/Cargo.toml
@@ -31,5 +31,5 @@ tracing = "0.1.37"
 async-trait = "0.1.68"
 url = "2.3.1"
 serde_json = "1.0.96"
-serde = "1.0.162"
+serde = "1.0.163"
 lru = "0.9.0"
diff --git a/parachain-template/node/Cargo.toml b/parachain-template/node/Cargo.toml
index 3ded5c15bf7..68bd9ac2579 100644
--- a/parachain-template/node/Cargo.toml
+++ b/parachain-template/node/Cargo.toml
@@ -13,7 +13,7 @@ build = "build.rs"
 clap = { version = "4.2.7", features = ["derive"] }
 log = "0.4.17"
 codec = { package = "parity-scale-codec", version = "3.0.0" }
-serde = { version = "1.0.162", features = ["derive"] }
+serde = { version = "1.0.163", features = ["derive"] }
 jsonrpsee = { version = "0.16.2", features = ["server"] }
 
 # Local
diff --git a/parachains/runtimes/bridge-hubs/bridge-hub-kusama/Cargo.toml b/parachains/runtimes/bridge-hubs/bridge-hub-kusama/Cargo.toml
index d8cce46eadd..9498823e358 100644
--- a/parachains/runtimes/bridge-hubs/bridge-hub-kusama/Cargo.toml
+++ b/parachains/runtimes/bridge-hubs/bridge-hub-kusama/Cargo.toml
@@ -13,7 +13,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0", default-features =
 hex-literal = { version = "0.4.1" }
 log = { version = "0.4.17", default-features = false }
 scale-info = { version = "2.6.0", default-features = false, features = ["derive"] }
-serde = { version = "1.0.162", optional = true, features = ["derive"] }
+serde = { version = "1.0.163", optional = true, features = ["derive"] }
 smallvec = "1.8.1"
 
 # Substrate
diff --git a/parachains/runtimes/bridge-hubs/bridge-hub-polkadot/Cargo.toml b/parachains/runtimes/bridge-hubs/bridge-hub-polkadot/Cargo.toml
index 0412e56112c..3a5476b8f20 100644
--- a/parachains/runtimes/bridge-hubs/bridge-hub-polkadot/Cargo.toml
+++ b/parachains/runtimes/bridge-hubs/bridge-hub-polkadot/Cargo.toml
@@ -13,7 +13,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0", default-features =
 hex-literal = { version = "0.4.1" }
 log = { version = "0.4.17", default-features = false }
 scale-info = { version = "2.6.0", default-features = false, features = ["derive"] }
-serde = { version = "1.0.162", optional = true, features = ["derive"] }
+serde = { version = "1.0.163", optional = true, features = ["derive"] }
 smallvec = "1.8.1"
 
 # Substrate
diff --git a/parachains/runtimes/bridge-hubs/bridge-hub-rococo/Cargo.toml b/parachains/runtimes/bridge-hubs/bridge-hub-rococo/Cargo.toml
index adcc2c02813..2ab55ae8ca4 100644
--- a/parachains/runtimes/bridge-hubs/bridge-hub-rococo/Cargo.toml
+++ b/parachains/runtimes/bridge-hubs/bridge-hub-rococo/Cargo.toml
@@ -13,7 +13,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0", default-features =
 hex-literal = { version = "0.4.1" }
 log = { version = "0.4.17", default-features = false }
 scale-info = { version = "2.6.0", default-features = false, features = ["derive"] }
-serde = { version = "1.0.162", optional = true, features = ["derive"] }
+serde = { version = "1.0.163", optional = true, features = ["derive"] }
 smallvec = "1.8.1"
 
 # Substrate
diff --git a/polkadot-parachain/Cargo.toml b/polkadot-parachain/Cargo.toml
index 48e08bdc94d..d1ef27e4424 100644
--- a/polkadot-parachain/Cargo.toml
+++ b/polkadot-parachain/Cargo.toml
@@ -17,7 +17,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0" }
 futures = "0.3.28"
 hex-literal = "0.4.1"
 log = "0.4.17"
-serde = { version = "1.0.162", features = ["derive"] }
+serde = { version = "1.0.163", features = ["derive"] }
 serde_json = "1.0.96"
 
 # Local
diff --git a/test/service/Cargo.toml b/test/service/Cargo.toml
index 4f0fc627bad..5e217b43deb 100644
--- a/test/service/Cargo.toml
+++ b/test/service/Cargo.toml
@@ -15,7 +15,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0" }
 criterion = { version = "0.4.0", features = [ "async_tokio" ] }
 jsonrpsee = { version = "0.16.2", features = ["server"] }
 rand = "0.8.5"
-serde = { version = "1.0.162", features = ["derive"] }
+serde = { version = "1.0.163", features = ["derive"] }
 tokio = { version = "1.28.0", features = ["macros"] }
 tracing = "0.1.37"
 url = "2.3.1"