Ultra-Wide Band (UWB) technology has experienced rapid growth over the last few years due to its various applications. Antennas developed for UWB applications are desired to have notch characteristics for avoiding interference from other existing radio communication systems. Different techniques related to the design and development of band-notched antennas is utilized to improve the antenna performance. This paper presents a comprehensive study of UWB antennas with band-notch characteristics and the effect of taking different slot geometry for multiple-input multiple-output (MIMO) applications.