Merchant Navy Salary Explained | Basic vs Full Salary, Leave & Contract

How does the Merchant Navy salary system actually work? When does your salary start, when does it stop, and do you get paid if your contract is extended? In this video, Captain Ashish Bansal explains the Merchant Navy salary system with practical onboard examples. Learn everything you need to know about Merchant Navy salary, including: Basic Salary vs Full Salary in Merchant Navy When does salary start after signing the contract? Salary calculation from joining to sign-off What happens if you sign off before your contract ends? Do you get paid for extra days after contract completion? Merchant Navy salary during leave Contractual salary vs round-the-year wages Travel allowance and salary after sign-off Best bank account for eligible Indian seafarers: NRE vs NRO How Merchant Navy officers transfer salary to their bank accounts Can you send your salary directly to your parents or family? Important salary terms to check before signing your employment contract This video is useful for Merchant Navy aspirants, DNS students, deck cadets, engine cadets, GP Rating students, officers, and serving seafarers who want to understand how their salary is calculated. Presented by Captain Ashish Bansal One Ocean Academy, Lalpur, Ranchi Subscribe to One Ocean Academy for Merchant Navy career guidance, IMU-CET preparation, sponsorship guidance, interview preparation, and practical seafarer knowledge. Note: Salary structures, leave pay, travel allowances, contract extensions, banking eligibility, and tax treatment may vary by company, employment agreement, and applicable regulations. #MerchantNavySalary #MerchantNavy #SeafarerSalary