The tournament will be organised under the aegis of Madhya Pradesh Table Tennis Association.
"The winners and runners-up of different events would get a total prize money of Rs 5.76 lakh," Madhya Pradesh Table Tennis Association's lifetime president Abhay Chhajlani told reporters.
The Table Tennis Federation of India's (TTFI) Central Zone National Ranking Table Tennis Tournament is being organised after 12 years in Indore at Abhay Prashal Sports Club, he said.
Apart from the men's and women's singles, the event will have youth, junior, sub-junior and cadet group boys and girls matches will be held.