A miniaturized dual‐band CPW‐fed Metamaterial antenna with modified split ring resonator (SRR) loading has been presented in this paper. Proposed antenna comprises a tapered rectangular patch with a slot in which an elliptically SRR has been loaded to achieve miniaturization. Proposed antenna shows dual band operations in the operating band 3.25‐3.42 and 3.83‐6.63 GHz, respectively. It has been observed that lower mode (at 3.36 GHz) is originated by means of modified SRR. SRR is being modified by small meandered line inductor which is placed instead of strip. This provides an extra inductance to SRR resulting miniaturization. Overall electrical size of the proposed antenna is 0.222 × 0.277 × 0.017 λ0 at 3.36 GHz. Second band is due to coupling between feed and ground planes. The antenna offers an average peak gain of 1.72 and 3.41 dB throughout the first and second band respectively. In addition to that this antenna exhibits perfect omnidirectional and dipolar radiation patterns at xz‐ and yz‐ plane respectively. Due to consistent radiation pattern, ease of fabrication, and compact nature this antenna can be used for wireless applications such as worldwide interoperability for microwave access (WiMAX), industrial, scientific and medical (ISM) band, WLAN/Wi‐Fi bands.