Frequency and time domain characteristics of a novel and compact triple band notched ultra wideband (UWB) monopole antenna are investigated. To realize UWB characteristics, the lower edges of a simple rectangular radiating patch are truncated and a new structure including a semi‐circle like ring stub is added to the rear side of the antenna. To avoid interferences with coexisting narrow band systems such as WiMAX, WLAN, and X band, two inverse L‐shaped slots, a semi‐circle like ring slot and two C‐shaped resonators are incorporated in the antenna geometry, respectively. The effect of the proposed antenna on a modulated Gaussian pulse as an excitation signal in different scenarios is fully studied. Moreover, the channel impulse response of a simple indoor environment is investigated when a pair of the proposed antennas are applied as transmitting and receiving antennas. Sub‐band divided ray tracing method based on the geometrical optics and uniform theory of diffraction is used to simulate the impulse response of the propagation channel. A frequency domain measurement campaign is also employed to measure the channel characteristics. The measured results are compared with those obtained from the simulations to validate the design procedure.