jasypt EncryptablePropertyPlaceholderConfigurer not helping in decrypting the password - spring

Question

I started doing some examples using Jasypt and Spring and unfortunately, could not test the decryption successfully.
I'm using Spring 4.3.15 and Jasypt 1.9.3. I think I followed the examples given in the internet carefully, but still see the password is sent encrypted only.
My spring configuration looks like below
<bean id="mydatasource" class="org.apache.commons.dbcp.BasicDataSource">
<property name="driverClassName" value="oracle.jdbc.driver.OracleDriver" />
<property name="url" value="${jdbc.url}" />
<property name="username" value="${jdbc.username}" />
<property name="password" value="${jdbc.password}" />
</bean>
<bean id="propertyConfigurer" class="org.springframework.beans.factory.config.PropertyPlaceholderConfigurer">
<property name="ignoreUnresolvablePlaceholders" value="true"/>
<property name="ignoreResourceNotFound" value="true" />
<property name="locations">
<list>
<value>classpath:jdbc.properties</value>
</list>
</property>
</bean>
<bean id="encryptedPropertyPlaceHolder" class=**"org.jasypt.spring4.properties.EncryptablePropertyPlaceholderConfigurer"**>
<property name="ignoreUnresolvablePlaceholders" value="true"/>
<property name="ignoreResourceNotFound" value="true" />
<constructor-arg>
<bean class="org.jasypt.encryption.pbe.StandardPBEStringEncryptor">
<property name="config">
<bean class="org.jasypt.encryption.pbe.config.EnvironmentStringPBEConfig">
<property name="algorithm" value="PBEWithMD5AndDES" />
***<!-- <property name="passwordEnvName" value="APP_ENCRYPTION_PASSWORD" /> -->***
<property name="password" value="jasypt" />
</bean>
</property>
</bean>
</constructor-arg>
<property name="locations">
<list>
<value>classpath:jdbc.properties</value>
</list>
</property>
</bean>
and jdbc.properties has values
jdbc.url=<<some url>>
jdbc.username=<<some username>>
jdbc.password=ENC(Y3EEFmt5lEAC96GJlzK9VcETH)
When I ran my testcase, which uses mydatasource as Autowired, I see that password field is set as ENC(Y3EEFmt5lEAC96GJlzK9VcETH). Other fields are properly assigned using propertyConfigurer. But the encrypted password is not decrypted before assigning to datasource.
I'm not sure, what is that I'm missing here ?
Also, as you noticed I used hard coded password in encryptedPropertyPlaceHolder. I have read about APP_ENCRYPTION_PASSWORD, but when trying to set the value using VM arguments in my eclipse as -DAPP_ENCRYPTION_PASSWORD=jasypt, it is not working.