The ban came into effect from today and will remain in force till November 14, a police official said.
Around three years back, the usage of such lanterns with fire crackers had caused incidents of fire in a couple of highrise buildings in the city, he said.
A flying or sky lantern is a small hot air balloon made of paper, with an opening at the bottom where a small fire is suspended.
According to the official, the lanterns are being banned to prevent any danger to the human life and taking into consideration the safety of the common people.
Any person found violating the ban will be booked under section 188 (disobedience to order duly promulgated by public servant) of the IPC.