Section 167(2) CrPC fixes the outer time limit within which investigation must be completed before an accused acquires an indefeasible right to default bail, and that limit is tied to the severity of the offence, not to a single fixed number for every case. Checking each option against this design resolves the question.
Only the option describing a punishment-linked 60-or-90-day period matches the actual two-tier scheme built into Section 167(2).
Hence, the correct answer is After 60 days or 90 days, contingent upon the maximum punishment prescribed for the offence.