West Bengal government has withdrawn a bill aimed at protecting interests of depositors from chit funds that was awaiting Presidential assent following objections from the Centre and promised to get back with a new one.

The West Bengal Protection of Interest of Depositors in Financial Establishments Bill, 2013, which was passed by the state assembly following uproar over the Saradha chitfund scam, has been withdrawn after the Finance Ministry raised objections on a few points and sought clarification from the state government.

"The West Bengal government conveyed to us that it would get back with a new legislation allaying all apprehensions and clarifications," a senior official said.

The three points on which clarifications were sought include widening of powers of special designated courts and that no court could grant anticipatory bail as well as a suggestion by the Centre for adding a new provision for compounding offences.