A system error causes the change of John's net banking password. To sort this out, he calls the customer care. The following is the conversation he had with the executive:
John: My password has been changed.
Custom Care Executive: We have kept your password distinct this time. It has 8 letters out of which, 3 letters are the same as the previous one.
John: Okay, thanks.
Can you determine the old as well as the new password of John's net banking account after reading the conversation carefully?