It is very important to know the features of a Rs 500 note else you will find yourself sitting with a fake one and moment you present same in the bank and you will find it being confiscated and you will get a receipt for the same. Moreover, moment the bank confiscates, they will not let you take back that note as it has been now photographed by a CCTV camera. So, check the note before you take the Rs 500 note. Check the video below.