| Season: | 1961 - 62 |
| Winners: | Partizan (4th title) |
| League Topscorer: | Dražan Jerković (16) |
| Nextseason: | 1962–63 |
The 1961–62 Yugoslav First League season was the 16th season of the First Federal League (Prva savezna liga), the top level association football league of SFR Yugoslavia, since its establishment in 1946. Twelve teams contested the competition, with Partizan winning their fourth title.
At the end of the previous season RNK Split and Radnički Belgrade were relegated. They were replaced by FK Novi Sad and Borac Banja Luka.
| Team | Location | Position in 1960–61 | |
|---|---|---|---|
| Borac | Banja Luka | ||
| Dinamo Zagreb | Zagreb | 4th | |
| Hajduk Split | Split | 3rd | |
| Novi Sad | Novi Sad | ||
| OFK Belgrade | Belgrade | 6th | |
| Partizan | Belgrade | 1st | |
| Red Star | Belgrade | 2nd | |
| Rijeka | Rijeka | 7th | |
| Sarajevo | Sarajevo | 8th | |
| Vardar | Skopje | 10th | |
| Velež | Mostar | 9th | |
| Vojvodina | Novi Sad | 5th | |
Champions:
player (league matches/league goals)