I am sure we all know that LTE bands have been growing, every few months. All the 32 bands for FDD have now been defined. The 33rd band is where TDD bands start. What if we now want to have more FDD bands? Well, we will have to wait to fix that problem.
Picture Source: LG Space
Anyway, as can be seen in the above picture, some of the frequency bands overlap with each other. Now you may have a UE thats camped onto one frequency that is overlapping in different bands. Wouldn't it be useful to let the UE know that you are camped in more than one band and you can change it to another frequency which may be a different band but you were already on it in the first place (it may sound confusing).
An example could be Sprint that used Band 38 TDD (BW 50MHz) for its legacy devices but is now able to use Band 41 (BW 194MHz) as well. The legacy devices may not work on Band 41 but the new devices can use much wider band 41. So the transmission would still say Band 38 but the new devices can be informed of Band 41 using the System Information Block Type 1. AT&T has a similar problem with Band 12 and 17.
Even though this was implemented in Release-8, it came as a part of Late Non-critical extensions. Its a release independent feature but not all UE's and Network have implemented it. The UE indicates the support for MFBI using the FGI (Feature Group Indicator) bits.