The film is being helmed by Marathi filmmaker Ravi Jadhav, who is making his Hindi directorial debut with it.
"And the shoot for BANJO begins - @NargisFakhri @meranamravi @ErosNow @LukeKennyLIVE," Riteish posted on twitter.
Earlier, Jadhav posted a photo from the muhurat of the film.
"Muhurat Pooja Of my first Hindi Movie 'Banjo'. A moment due from last 4 years. #Bajao," Jhadhav wrote.