The Hunger Games actress will serve as an executive producer for the show alongside her husband Max Handelman, according to The Hollywood Reporter.
Titled Dave's Dead, the comedy is described as a combination of the zombie film Shaun of the Dead and the TV series My Name is Earl.
Eric Siegel and Eric D. Wasserman have been hired to write and executive produce the project as well.
Banks recently finished shooting the first instalment in the Hunger Games trilogy.
She said last month that she struggles with being a working mother, admitting that she has had to rely on "great help" to care for her child while she is away.
In August, Banks revealed that she was one of the first people to read The Hunger Games upon the book's release.
The Hunger Games will hit theatres on March 23, 2012.
Watch a short teaser video for The Hunger Games below: