In this paper we put forward the literature review related to the multirate systems. One of the main objective of this survey paper to find the comparison between various multirate systems with software defined radio. Another objective is to provide the novel approach in order to help readers with choosing the most appropriate SDR. This technique has been used to take an optimal advantage of CIC interpolator because the use of embedded LUTs not only increase the speed but also saves the resource of the target device FPGA. The proposed interpolator has been designed using half band polyphase FIR structure with Matlab, simulated with Modelsim XE, synthesized with Xilinx Synthesis Tools (XST) and implemented on Spartan-3E based 3s500efg320-4 FPGA device.