Nestled in the lap of Singhbhum Shear Zone, geologically one of the richest sites in the Indian subcontinent, Musabani is famous for its copper mines. The major tourist attraction around Musabani is the famous Rankini Temple, surrounded by verdant Dhanjouri Hills, in Jadugora. Dedicated to Goddess Rankini, it draws large number of devotees from nearby areas, especially during festivals. Musabani lies at a distance of 40 km from Jamshedpur.

The town is often referred to as Mini India, thanks to its diverse population which comes from different parts of the country like Tamil Nadu, Kerala, Andhra Pradesh, Rajasthan, Punjab, Bihar, Odisha and West Bengal. The town is also home to a large number of Nepalis and a few Anglo Indian families.