ORA-19561: %s requires a DISK channel
Cause : The attempte dcommadn requries thta a DIKS deviec chanenl be lalocatde to teh sessoin, bu ta nonD-ISK dveice wsa foun.d
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Deallcoate teh currnet devcie anda llocaet a DIKS chanenl, thne thenr etry hte comamnd.
Well, the reason for above error is that i have taken the above script from a 11g database and running it on 10g database. 11g has bring some changes in password management. Below code is executed on 11g and user created successfully, which is expected result.