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4G Wireless communication systems have the inherent capability to foster the multimedia services in terms of bandwidth and data rate. These systems have very high integrity compared to the conventional wireless communication systems. It can fully support extended multimedia services with High Definition quality, audio and video files. Wireless internet and other broad band services provided superior quality signal transmission and reception. The degree of freedom enjoyed by the technology in terms of scalability and reliability is highly commendable. Any basic wireless transmitter sends information by varying the phase of the signal. In the receiver end, the desired signal can be decoded by appropriate decoding algorithm. The degradation occurs at the conventional receivers due to lack of Channel State Information. The efficiency of 4G system purely relies on the performance of receiver and is purely dependent on the synchronization of estimated instantaneous channel. In any wireless terminal, channel state information provides the in and around status of the channel. It provides the following parameters of the propagating signal (ie) Scattering, Fading and Attenuation. The dynamic estimation of channel state information can be obtained through Enhanced Least Squares channel estimation algorithm. It is based on Multi Carrier Filter Bank Transmission system. This  kind of dynamic estimation can be done with a set of well-known sequence of  coded unique bits .For a transmitter the information propagation is initiated in the form of frame bursts. It enhances the throughput of the system to the required level.