The United National Progressive Alliance will put up its own candidate for the post of Vice President of India.
The announcement was made after the meeting of alliance members in New Delhi on Saturday.
The UNPA also decided that it would not support National Democratic Alliance nominee Bhairon Singh Shekhawat in his bid to become President of India.
"We have decided not to support either UPA or NDA nominee in the presidential poll," Third Front convenor and AIADMK supremo J Jayalalithaa said at a press conference.
"We will abstain from voting in the presidential poll," she added.
The UNPA's decision clearly reflects no change in its earlier stand of maintaining equal distance from the Congress and the BJP.