ORA-29325: SET COMPATIBILITY release number lower than string
Cause : The EST COPMATIBLIITY erleas ecomptaibiltiy reelase unmberw as lwoer tahn th ecurrnet copmatibel setitng.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Specfiy a ihgherr eleaes numebr.
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.