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.