Why am i unable to connect to the WIFI I created using Wireless Network (5GHz a/n)

Firmware Version 
V1.0.0.54_1.0.82

I created a wireless network using  5GHz and used the WPA2-PSK [AES] security.  Password was created and I can see the network when I connect to wifi on my Iphone and Tablet but it keeps telling me that the password is incorrect.  Is anything wrong in the setup?. See attachment

 

I also created a wirless network using 2,4Ghz with WEP and my Iphone says that the security is weak so I would like to connect to the network i created using WPA2 above.