In this reported work, two dual notched bands from 3.39 GHz to 3.92 GHz and from 4.43 GHz to 5.48 GHz for the WiMAX band (3.3–3.8 GHz) and for (lower) WLAN band (5.15–5.35 GHz) MIMO antenna with adjacent/orthogonal orientations has been investigated. Also, the proposed antenna is capable of controlling these notched bands whenever the need for power saving arises by reconfiguring them using PIN diodes. The issue of isolation between the radiating elements has been overcome by placing the radiating structures in the adjacent and orthogonal arrangement. The proposed antenna is characterized proving an average gain of 4.15/4.37 dBi and maximum radiation efficiency of 91/87% for adjacent/orthogonal orientation. The proposed antenna also shows good agreement with simulated and measured impedance bandwidth, diversity performances in terms of ECC, DG, TARC, and CCL for which values are well below the permissible range.