| Icelandic Cup | |
| Year: | 1961 |
| Other Title: | Bikarkeppni karla |
| Country: | Iceland |
| Champions: | KR |
| Runner-Up: | Fram |
| Prevseason: | 1960 |
| Nextseason: | 1962 |
The 1961 Icelandic Cup was the second edition of the National Football Cup.
It took place between 14 August 1961 and 22 October 1961, with the final played at Melavöllur in Reykjavík between KR Reykjavík and IA Akranes. Teams from the Úrvalsdeild karla (1st division) did not enter until the quarter finals. In prior rounds, teams from the 2. Deild (2nd division), as well as reserve teams, played in one-legged matches. In case of a draw, the match was replayed.
| Team 1 | Team 2 | Result | |
|---|---|---|---|
| IA Akranes B | Knattspyrnufélagið Þróttur B | 2 - 3 (game replayed after 3–3 draw) | |
| KR Reykjavík B | 6 - 3 |
| Team 1 | Team 2 | Result |
|---|---|---|
| Valur Reykjavík B | 4 - 2 (game replayed after 1–1 draw) | |
| Fram Reykjavík | Breiðablik UBK | 4 - 2 |
| 6 - 0 | ||
| Knattspyrnufélagið Þróttur B | 13 - 0 | |
| Team 1 | Team 2 | Result | |
|---|---|---|---|
| forfeit | |||
| Keflavík ÍF | Knattspyrnufélagið Þróttur | 3 - 2 |
| Team 1 | Team 2 | Result | |
|---|---|---|---|
| ÍB Akureyri (D1) | 2 - 1 | ||
| KR Reykjavík (D1) | ÍB Hafnarfjörður (D1) | 2 - 0 | |
| ÍA Akranes (D1) | Fram Reykjavík B | 3 - 0 | |
| Fram Reykjavík (D1) | Valur Reykjavík (D1) | 3 - 0 |
| Team 1 | Team 2 | Result | |
|---|---|---|---|
| 2 - 1 | |||
| Keflavík ÍF (D2) | 2 - 1 |