3222319 - 'The security authentication was not valid that was supplied for queue manager' error in SAP PI/PO

While trying to use the JMS adapter channel getting below connectivity error:

Error: com.sap.aii.adapter.jms.api.connector.ConnectionException: Error creating Connection from JMS Connection Factory.: com.ibm.msg.client.jms.DetailedJMSSecurityException: JMSWMQ2013: The security authentication was not valid that was supplied for queue manager 

• PI Release Independent
• SAP NetWeaver
• SAP Process Integration

Process Integration 7.0, PI 7.0, PI 7.01, PI 7.02, Process Integration 7.10, PI 7.10, Process Integration 7.11, PI 7.11, Process Integration 7.30, PI 7.30, Process Integration 7.31, PI 7.31, Process Orchestration 7.40, PI 7.40, PO 7.40, Process Orchestration 7.50, PI 7.50, PO 7.50, NetWeaver, XI , KBA , BC-XI-CON-JMS , JMS Adapter , Problem