The 39-year-old Tendulkar conveyed his decision to the BCCI, which issued a statement on his behalf to make the announcement. The champion batsman will, however, continue to play in Tests.
"I have decided to retire from the One-Day format of the game. I feel blessed to have fulfilled the dream of being part of a World Cup wining Indian team. The preparatory process to defend the World Cup in 2015 should begin early and in right earnest," Tendulkar was quoted as saying in the statement released by the Board.
"I would like to wish the team all the very best for the future. I am eternally grateful to all my well wishers for their unconditional support and love over the years," he added.
Tendulkar, considered the most complete batsman in modern cricket, retires from the ODI format at the top of the run-getters' list.
He amassed 18,426 runs in 463 one-dayers at an average of 44.83. The diminutive right-hander has an astonishing 49 hundreds in the format, including a double hundred -- the first in this form of the game. Tendulkar also has a mammoth tally of 96 ODI 50s to his credit.
Tendulkar's Test records are as awe-inspiring. The right-hander has 15,645 runs at an average of 54.32 in 194 Tests that he has played so far. The tally includes 51 hundreds and 66 half-centuries.
Tendulkar's decision to quit the ODI format came on the day when the ODI team for the series against Pakistan was announced. There was speculation that he would play in the series to regain form ahead of the Test series against Australia. MORE