After incorporating the Img Wanted to display Normal Gridlines or all the Cells in DGV with Borders and
respective Cell Values in Front of the Image

Below Tried almost everything but did not achieve anything.

I am not able to see the Each Cell All Borders of DGV3 as Background image already in corporated in DGV3 with below coding.

Your guidance will be appreciated

Private bgImage As Drawing.Image

Public Sub New()
     bgImage = Drawing.Image.FromFile("C:ImagesVPBSSquare.Jpg") 
     ResizeImage(bgImage)
End Sub

Private Sub DataGridView3_Paint(sender As Object, e As PaintEventArgs) Handles DataGridView3.Paint
    e.Graphics.DrawImage(bgImage, 0, 0, 228, 228)
End Sub

Private Sub DataGridView3_CellPainting(sender As Object, e As DataGridViewCellPaintingEventArgs) Handles DataGridView3.CellPainting
'Option 1
        DataGridView3.DefaultCellStyle.SelectionBackColor = Color.Transparent
        e.Graphics.DrawLine(Pens.Black, e.CellBounds.Left, e.CellBounds.Top, e.CellBounds.Right, e.CellBounds.Top)
        e.Graphics.DrawLine(Pens.Black, e.CellBounds.Left, e.CellBounds.Bottom - 1, e.CellBounds.Right, e.CellBounds.Bottom - 1)
'OPtion 2
Dim columnindex As Integer
        If e.RowIndex <> -1 AndAlso e.ColumnIndex = columnIndex Then

            If (e.PaintParts And DataGridViewPaintParts.Background) <> DataGridViewPaintParts.None Then
                e.Graphics.DrawImage(bgImage, e.CellBounds)
            End If

            If Not e.Handled Then
                e.Handled = True
                e.PaintContent(e.CellBounds)
            End If
        End If
End Sub

Private Sub DataGridView3_CellFormatting(sender As Object, e As DataGridViewCellFormattingEventArgs) Handles DataGridView2.CellFormatting
'Option 3
        e.CellStyle.Alignment = DataGridViewContentAlignment.MiddleCenter
        DataGridView3.BorderStyle = BorderStyle.Fixed3D
        DataGridView3.RowHeadersBorderStyle = DataGridViewHeaderBorderStyle.Single
        DataGridView3.ColumnHeadersBorderStyle = DataGridViewHeaderBorderStyle.Single
        DataGridView3.CellBorderStyle = System.Windows.Forms.DataGridViewCellBorderStyle.Raised
End Sub

Thanks SsD

I tried each and every Option as above. Did not achieve anything