Could not validate ASMSNMP password due to…During DB creation

If you are creating database using DBCA and came across the following error:

Do the following:

bash-3.2$ . oraenv
ORACLE_SID = [RDBMS] ? +ASM
The Oracle base for ORACLE_HOME=/u02/app/11.2.0/grid is /u01/app/oracle
bash-3.2$ sqlplus / as sysasm

SQL*Plus: Release 11.2.0.1.0 Production on Mon May 21 18:59:20 2012

Copyright (c) 1982, 2009, Oracle.  All rights reserved.
Connected to:
Oracle Database 11g Enterprise Edition Release 11.2.0.1.0 – 64bit Production
With the Automatic Storage Management option

SQL> create user ASMSNMP identified by testpas1;
create user ASMSNMP identified by testpas1
*
ERROR at line 1:
ORA-01990: error opening password file ‘/u02/app/11.2.0/grid/dbs/orapw’

SQL> exit
Disconnected from Oracle Database 11g Enterprise Edition Release 11.2.0.1.0 – 64bit Production
With the Automatic Storage Management option
bash-3.2$ echo $ORACLE_HOME
/u02/app/11.2.0/grid
bash-3.2$ cd /u02/app/11.2.0/grid/dbs/
bash-3.2$ orapwd file=orapw+ASM password=testpas1 entries=2
bash-3.2$ ls
ab_+ASM.dat  hc_+ASM.dat  init+ASM.ora  init.ora  orapw+ASM  spfile+ASM.ora
bash-3.2$ sqlplus / as sysasm

SQL*Plus: Release 11.2.0.1.0 Production on Mon May 21 19:01:20 2012

Copyright (c) 1982, 2009, Oracle.  All rights reserved.
Connected to:
Oracle Database 11g Enterprise Edition Release 11.2.0.1.0 – 64bit Production
With the Automatic Storage Management option

SQL> create user ASMSNMP identified by testpas1;

User created.

SQL> grant sysdba to ASMSNMP;

Grant succeeded.

That’s it. Re-run DBCA.