| Tourney Name: | Inter-Cities Fairs Cup |
| Year: | 1962–63 |
| Num Teams: | 32 |
| Champion Other: |  Valencia |
| Count: | 2 |
| Second Other: | Dinamo Zagreb |
| Matches: | 66 |
| Goals: | 211 |
| Top Scorer: |  Pedro Manfredini Francisco Lojacono |
| Prevseason: | 1961–62 |
| Nextseason: | 1963–64 |
The fifth Inter-Cities Fairs Cup was played over the 1962–63 season. There were five representative teams for some major European cities, four of which lost out in the first round. Valencia defeated Dinamo Zagreb over two legs to defend their title.
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1Basel withdrew from the second leg, which was then awarded 3–0 for Bayern Munich.
2Barcelona progressed to the Second round after winning a play-off match 3–2.
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Sampdoria won 3–0 on aggregate.----Petrolul Ploiești won 5–0 on aggregate.----Real Zaragoza won 8–2 on aggregate.----Aggregate 2–2----Ferencváros won 7–5 on aggregate.----Drumcondra won 6–4 on aggregate.----Leipzig XI won 2–1 on aggregate.----Dinamo Zagreb won 2–1 on aggregate.----Union Saint-Gilloise won 4–3 on aggregate.----Utrecht XI won 5–3 on aggregate.----Hibernian won 7–2 on aggregate.----Valencia won 6–4 on aggregate.----Dunfermline won 2–1 on aggregate.----Roma won 13–3 on aggregate.----Red Star Belgrade won 2–1 on aggregate.
Barcelona won 5–4 on aggregate.
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1 Petrolul Ploiești progressed to the Quarter finals after winning a play-off match 1–0.
2 Dinamo Zagreb progressed to the Quarter finals after winning a play-off match 3–2.
3 Valencia progressed to the Quarter finals after winning a play-off match 1–0.
4 Red Star Belgrade progressed to the Quarter finals after winning a play-off match 1–0.
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Aggregate 2–2----Leipzig XI 1–1 Petrolul Ploiești on aggregate.----Bayern Munich won 6–1 on aggregate.----Ferencváros won 6–1 on aggregate.----Hibernian won 3–1 on aggregate.----Aggregate 6–6----Roma won 5–4 on aggregate.----Aggregate 3–3
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Roma won 3–2 on aggregate.---- Ferencváros won 2–1 on aggregate.---- Dinamo Zagreb won 4–1 on aggregate.---- Valencia won 6–2 on aggregate.
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Valencia won 3–1 on aggregate.---- Dinamo Zagreb won 3–1 on aggregate.
See main article: 1963 Inter-Cities Fairs Cup Final.
Valencia won 4–1 on aggregate.