Indians require the Schengen visa for visiting Iceland. It costs 60 euros or Rs. 4234 and is processed in minimum 15 days post registration. It is authorised by the Embassy of Denmark in India. Steps for applying for a Schengen visa
Before applying, be sure of your purpose of visit > Complete your Visa Application Form (available online) and attach required documents > The form then needs to be submitted to the VFS Danish Visa Application Center, either by the individual himself or by a tour agent. VFS will then submit the visa application to The Embassy of Denmark located in New Delhi > Application can be tracked online post submission.
Visa Application Form
Round trip reservation or itinerary
Travel health insurance policy - documents
Proof of accommodation
Proof of sufficient means of subsistence
Countries under the European Economic Area do not require a visa; Australian, American, Canadian, British and EU citizens do not need a visa to stay in Iceland for up to 90 days. A valid passport is required.