Although the old 500 rupee banknote seized to be a legal tender, look at both the notes for better understanding of the local currency and reducing chances of getting cheated. Here is a comparison of old and new 500 rupee banknotes:


On Obverse: In see through register that has floral design. The register is printed in the left side vertical band. In top left corner, the numeral is preceded by the rupee symbol. In top right corner under the number panel, the numeral is preceded by the rupee symbol. In the center On reverse: In top left and right corners, the numeral is preceded by the rupee symbol. In bottom left corner, the numeral does not have the rupee symbol. On obverse: In see through register Latent image in rectangle at left bottom section The numeral prefixed with rupee symbol is printed in vertical orientation in Devanagari script on left side. Near visible ear of Mahatma Gandhi. The vertical numeral is prefixed with rupee symbol. The numeral prefixed with rupee symbol is printed in the bottom right section. The ink used changes color to blue from green. On reverse: Top left (numeral with rupee symbol) In Devanagari script in top right section (numeral with rupee symbol) In vertical format in middle right section (numeral with rupee symbol) Bottom right (numeral with rupee symbol) In left section, the denomination is written in words in Devanagari in vertical format. The numeral is printed in words in Latin/Roman script near the top edge.
Left section on obverse Gandhi faces towards right side of the banknote Electrotype watermark containing the portrait is in the right section on obverse.
In left section on the obverse in English In right section on the obverse in Hindi
In middle section on the obverse In both Hindi and English Governor: Mr. Raghuram G Rajan In right section on the obverse In both Hindi and English Current Governor: Mr. Urjit Patel
In middle section on the obverse In both Hindi and English In right section on the obverse In both Hindi and English


Bottom left Top right In both the panels, the size of numeral changes from small to big. But size of the first 3 alphanumeric characters is same. Top left Bottom right In both the panels, the size of numeral changes from small to big. But size of the first 3 alphanumeric characters is same.
Left section on obverse: Raised circular identification mark 5 angular bleed lines on the both left and right edges of the obverse Right section on obverse: Raised printing of the Ashok Pillar emblem Circular identification mark with denominational numeral 5 angular bleed lines on the both left and right edges of the obverse
Extreme left edge on the reverse The panel contains denominational numeral in words in 15 languages. On the reverse after Swachh Bharat logo The panel contains denominational numeral in words in 15 languages.
Red Fort with Indian flag on the reverse The site name is written in English and Hindi.