Disclosed herein is a method and system for interleaving and deinterleaving of data bits in wireless data communications. Interleaving is performed as a single stage parallel operation using a single standard memory block. The disclosed method and system is capable of implementing different interleaving techniques, individually, or as a combination thereof. The disclosed system comprises a plurality of multiplexers, a standard memory block, read and write buses, control block, and a lookup table. The contents of the lookup table are generated based on an interleaving function. The data bits from the input bus and bits from the read bus of the memory are inputted to the plurality of multiplexers. Based on the lookup table's contents the multiplexers are switched to parallelly permute the input data bits and read bits from the read bus. The permuted data bits are in an interleaved sequence.