Khan, accompanied by his family, was driving his silver-coloured BMW car when he took a wrong turn and entered the no-entry zone, Satara city's traffic in-charge KN Patil said.
"Our traffic policemen immediately stopped him and pointed out that he was driving on the wrong side, " said Patil.
However, Khan's security guard attempted to argue with the traffic personnel, and asked them to spare him since he was a big star.
However, Khan intervened and agreed to pay the fine, Patil said.
Justifying the action, Patil said that "the law is equal for all" and Khan was no exception.
The incident occurred at Powhai Naka, near the Shivaji Statue in the heart of Satara town, which normally witnesses heavy traffic.
Khan and his family members had gone to view the famous Kaas Valley, and were going to Panchgani hill-station, where he owns a bungalow.