Mack Number, that is correct. First rung Captains salary.
In regard to the provident fund, I am pretty sure that if you left under 7 years you would get everything. However, the company is not under any obligation give it all to you. Their obligation would be to give you back your contributions (the 5% that was yours - although that might be worth little on past performance!) and the Governments legal end of service benefit which I am not sure of sorry. It is something like 2-3 weeks salary per year of service. This is of course less than the 12% they were paying on your behalf, but they cannot legally give you less than this.