Convolution and Deconvolution is having wide area of application in Digital Signal Processing. As in DSP Convolution and Deconvolution of long sequences is often required in many applications. Convolution helps to estimate the output of a system with arbitrary input, with knowledge of impulse response of the system. Linear systems characteristics are completely specified by the systems impulse response, as governed by the mathematics of convolution. Primary requirement of any application to work fast is that increase the speed of their basic building block. Multiplier and Divider is the heart of convolution and Deconvolution respectively. It is most important but, slowest unit of the system and consumes much time in the system. Many methods are invented to improve the speed of the Multiplier and Divider, amongst all Vedic Multiplier and Divider is under focus. Because, of faster working and low power consumption. In this paper the speed of Convolution and Deconvolution module is increased using Vedic multiplier and Divider.