In 2004, Chatterjee had contested the Lok Sabha elections for the Congress from Kolkata North East constituency but lost to Communist Party of India-Marxist (CPI-M) candidate Mohammed Salim.
Last week the actress met West Bengal Chief Minister Mamata Banerjee at the state secretariat Nabanna, fuelling speculation that she was eyeing a ticket for the polls.
"I am not thinking of politics at the moment. Though I have got offers from more than one party, I am not taking the step now. I can't say about the future though," she told the media here.
"When I feel I am capable (for politics), then I will announce my decision. I will not be campaigning for any candidate," she said.
Chatterjee admitted that joining politics in 2004 was a mistake.
"It was a mistake on my part. I couldn't understand the nuances. I had only 25 days," she said.
The actress - one of the highest paid in her time - spoke about her "immense respect" for Banerjee, a fact that had in the past prompted her to decline an offer to stand against her.
"I was once asked to stand against her but I declined. She has come a long way through so much struggle and I have tremendous respect for her," she said.