The 1961–62 Yugoslav Second League season was the 16th season of the Second Federal League (), the second level association football competition of SFR Yugoslavia, since its establishment in 1946. The league was contested in two regional groups (West Division and East Division), with 12 clubs each.
West Division
Teams A total of twelve teams contested the league, including nine sides from the 1960–61 season, one club relegated from the 1960–61 Yugoslav First League and two sides promoted from the third tier leagues played in the 1960–61 season. The league was contested in a double round robin format, with each club playing every other club twice, for a total of 22 rounds. Two points were awarded for wins and one point for draws.
RNK Split were relegated from the 1960–61 Yugoslav First League after finishing in the 11th place of the league table. The two clubs promoted to the second level were Borovo and Maribor.
Team Location Federal subject Positionin 1960–61BorovoBorovo NaseljeČelikZenica0044thKarlovacKarlovac01010thLokomotivaZagreb0077thMariborMariborProleter OsijekOsijek0099thSlobodaTuzla0055thRNK SplitSplitŠibenikŠibenik0088thTrešnjevkaZagreb0033rdVarteksVaraždin0066thŽeljezničar SarajevoSarajevo0022nd
League table
East Division
Teams A total of twelve teams contested the league, including nine sides from the 1960–61 season, one club relegated from the 1960–61 Yugoslav First League and two sides promoted from the third tier leagues played in the 1960–61 season. The league was contested in a double round robin format, with each club playing every other club twice, for a total of 22 rounds. Two points were awarded for wins and one point for draws.
Radnički Belgrade were relegated from the 1960–61 Yugoslav First League after finishing in the 12th place of the league table. The two clubs promoted to the second level were Prishtina and Proleter Zrenjanin.
Team Location Federal subject Positionin 1960–61BudućnostTitograd0022ndMačva ŠabacŠabac01010thPrishtinaPristina SAP KosovoProleter ZrenjaninZrenjanin SAP VojvodinaRadnički BelgradeBelgradeRadnički KragujevacKragujevac0088thRadnički NišNiš0055thRadnički SomborSombor SAP Vojvodina0033rdRudarKosovska Mitrovica SAP Kosovo0099thSpartak SuboticaSubotica SAP Vojvodina0066thSremSremska Mitrovica SAP Vojvodina0044thSutjeskaNikšić0077th
League table
See also 1961–62 Yugoslav First League 1961–62 Yugoslav Cup