The Government of India's PIB Fact Check team on its Twitter handle has busted a fake news related to Rs 500. 

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PIB Fact Check on its Twitter handle - @PIBFactCheck - has said that it has been claimed in a message that the Rs 500 note that carries green strip near Gandhiji's photo, instead of RBI Governor signature, is fake. 

RBI has clarified that this is a claim is fake, and as per RBI, both the kind of Rs 500 notes are genuine and valid. 

https://paisaboltahai.rbi.org.in/pdf/100295-1001%20Rs%20500%20note-Eng_7...