Can increasing the size of the software RX buffer cause problem in Arduino Uno
The buffer is in the UNO's limited (2K) RAM; you'd be using 1/4 of it for the input buffer. If your app is small enough and simple enough (limited call depth, specifcally), there may still be enough RAM for your app to run successfully. If you have lots of globals (remember to include libraries when you're considering RAM use), allocate much memory from the heap (with new or malloc()) or have a complex call structure such that funcA() calls funcB() calls funcC() calls ... (etc) so that many functions' stack-frames remain allocated at once - at any point in your program - your program could suffer a stack-collision: the call-stack descends low enough that it can overwrite, or get over-written by, your heap or global data.

Why do you want so large an input buffer? Will data be coming in a high rate or in large bursts, while processing of the data will be infrequent or occur at irregular times? Given the limited RAM in the UNO, running complex programs on one can require something of a balancing act in how you use resources.

Update:


  i was performing some AT commands with software serial and buffer limitation generated junk value


Other reasons why SoftwareSerial might return bad data are: 


Using too high a baud rate (9600 baud seems to be about the max);
Code that turns the interrupts off too often or for too long;
Other devices creating too many interupts (perhaps a built-in timer running at a high rate). 


The replies to most devices' AT commands that I know of are short enough to not require a huge receive buffer. Asking for list of WiFi SSIDs from an ESP8266 could generate a large reply but most responses should not overflow a more modest buffer.