It was contested between the defending champion Chicago Black Hawks and the Toronto Maple Leafs who had last appeared in the Final in 1960.
The Maple Leafs won the best-of-seven series, four games to two, to win the Stanley Cup, their first since 1951.
Stan Mikita broke Gordie Howe's 1955 playoff record of 20 points, finishing with 21, but it was not enough as the Leafs would defeat the Black Hawks.
Dave Keon, making his playoff debut, scored two goals and an assist in the Final.
The 1962 Stanley Cup was presented to Maple Leafs captain George Armstrong by NHL President Clarence Campbell following the Maple Leafs 2–1 win over the Black Hawks in game six.