Mohit Banerji’s formative years were spent in West Bengal, having been educated at Midnapore Collegiate School followed by tertiary undergraduate study at the University of Calcutta.
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Professor Bandopadhay, a renowned Professor of Mathematics in Bengal, was at that time posted in Dhaka as the Superintendent of Jagannath Hall and a professor at Dhaka University.
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He travelled to London, United Kingdom to complete a Degree in Commerce at the London School of Economics, which he completed successfully in July, 1940.
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The Indian Students Group included future stalwarts of India and West Bengal such as Jyoti Basu, Bhupesh Gupta, Snehansu Kanta Acharya (former Attorney General of West Bengal), Feroze Gandhi, V. K. Krishna Menon and many other famous figures of Indian politics.