evidence: How to check if Rs 500 note is real or fake? Follow RBI’s 17-point checklist to check authenticity [...] If you also face difficulty in differentiating the fake or real Rs Rs 500, you need not worry, as the Reserve Bank of India itself has issued a checklist that one can follow to find out fake notes. Also Read: Unbelievable! Man wins about Rs 3200 crores in Mega Millions jackpot prize with single ticket in US [...] With so many fake notes circulating, it’s important to know how to identify fake Rs 500 notes. Here’s how to check the authenticity of Rs 500 notes: