The 1962 NBA draft was the 16th annual draft of the National Basketball Association (NBA). The draft was held on March 26, 1962, before the 1962–63 season. In this draft, nine NBA teams took turns selecting amateur U.S. college basketball players. A player who had finished his four-year college eligibility was eligible for selection. If a player left college early, he would not be eligible for selection until his college class graduated. In each round, the teams selected in reverse order of their won–loss record in the previous season. Before the draft, a team could forfeit its first-round draft pick, then select any player from within a 50-mile radius of its home arena as their territorial pick. The Chicago Packers, who finished last in the previous season, were renamed the Chicago Zephyrs. The Philadelphia Warriors relocated to San Francisco and became the San Francisco Warriors prior to the start of the season. The draft consisted of 16 rounds, comprising 102 players selected.

A territorial pick was a type of special draft choice used in the Basketball Association of America (BAA) draft in 1949 and in the National Basketball Association (NBA) draft after the 1950 season, the year in which the BAA was renamed the NBA. In the draft, NBA teams took turns selecting amateur U.S. college basketball players. Territorial picks were eliminated when the draft system was revamped in 1966.