This paper investigates the performance of compact triple band-notched Multiple Input Multiple Output (MIMO) antenna for Ultra-Wideband (UWB) communication. Open-ended quarter wavelength slots are inserted on the radiators. These slots are used to obtain notch bands at WiMAX/C band, WLAN band and the X-band Satellite Communication System that ranges in 3.3-4.2 GHz, 5-6 GHz, and 7.2-8.6 GHz, respectively. An I-shaped stub extends from the ground surface to minimize mutual coupling among radiating elements. Mutual coupling and Envelope Correlation Coefficient are found less than −15 dB and 0.2, respectively. The diversity characteristics like Mean Effective Gain Ratio and Total Active Reflection Coefficient are found around 1 dB and less than −10.5 dB respectively. The radiation efficiency of the radiator is more than 80% over the entire UWB frequency range. The proposed antenna is designed with the overall dimensions of 23 × 40 × 1.6 mm 3 .