diff --git a/Cargo.lock b/Cargo.lock
index 50d7b457..a9e426f2 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -848,9 +848,9 @@ checksum = "568a8e6258aa33c13358f81fd834adb854c6f7c9468520910a9b1e8fac068012"
 
 [[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"
 
 [[package]]
 name = "serde_cbor"
diff --git a/Cargo.toml b/Cargo.toml
index be67f7c8..5dff0985 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -11,7 +11,7 @@ rust-version = "1.60.0"
 
 [dependencies]
 arrayvec = { version = "0.7", default-features = false }
-serde = { version = "1.0.162", optional = true }
+serde = { version = "1.0.163", optional = true }
 parity-scale-codec-derive = { path = "derive", version = "3.1.4", default-features = false, optional = true }
 bitvec = { version = "1", default-features = false, features = [ "alloc" ], optional = true }
 bytes = { version = "1", default-features = false, optional = true }