Unable to connect to MySQL through port 3306 Windows Server 2012 R2

Question

It looks like weird happening, I've followed and fixed all the possible things but still MySQL port 3306 is not accessible remotely.

Here's my setup:

Machine: Windows Server 2012 R2

MySQL Server: 8.xx

Settings have been applied:

1. In my.ini bind-address did to 0.0.0.0 and and thus after exec command netstat -an this is what I get TCP 0.0.0.0:3306 0.0.0.0:0 LISTENING
2. From Windows Firewall I've enabled port 3306 inbound/outbound both. and set that to allow edge traversal as well
3. From the MySQL server I've created a user with % all host and then provided permission to all databases as well. which has been checked

I guess these are the actions I took afterward. But this is not working at all.

When I'm trying to do telnet server_ip 3306 error: Connecting To server_ip ...Could not open a connection to the host, on port 3306: Connect failed from other machines. The local host is working fine.

I don't see any other workaround could else may cause this issue?