In the question given below, the sentence is divided into three parts I, II and III. For each part, an alternate statement is also given. You have to determine if a part requires correction, and then mark that as your answer.

The increase in the limit for tax deduction at source (TDS) on bank interest will reduce the / woes of senior citizens and persons with incomes below the taxable limit, which attempt to distribute their / fixed deposits across various banks, to avoid a part of their low incomes getting locked up to pending refunds, due to applicability of TDS. 

I. The increase in the limit for tax deduction at source (TDS) on bank interest be reducing the 

II. woes of senior citizens and persons with incomes below the taxable limit, who attempt to distribute their

III. fixed deposits across various banks, to avoid a part of their low incomes getting locked up in pending refunds, due to the applicability of TDS.