In this article, using the principles of Random Matrix Theory (RMT), we give a measure of quantum chaos by quantifying Spectral From Factor (SFF) appearing from the computation of two point Out of Time Order Correlation function (OTOC) expressed in terms of square of the commutator bracket of quantum operators which are separated in time. We also provide a strict model independent bound on the measure of quantum chaos, −1/N (1 − 1/π) ≤ SFF ≤ 0 and 0 ≤ SFF ≤ 1/πN , valid for thermal systems with large and small number of degrees of freedom respectively. Based on the appropriate physical arguments we give a precise mathematical derivation to establish this alternative strict bound of quantum chaos.Quantum description of chaos has three important properties boundedness, exponential sensitivity and infinite recurrence. In the context of dynamical systems the concept of quantum chaos describes quantum signatures of classically chaotic systems. Quantum chaos can be formulated for two observable represented by hermitian operators X(t) and Y (t) using their commutator relation. This actually explains the perturbation effect of one operator Y (t) on the measurement of other operator X(t). Strength of this perturbation can be measured formulating a function:(1) at temperature β = 1/T , also Z is the partition function of the system and H representing the system Hamiltonian. Here we assume that X and Y have zero one point function. Hence we use two point function for measuring quantum chaos, which technically has been explained by the late time behavior of the function C(t) from which we can get a bound on quantum chaos. It has been previously shown that due to quantum effects two point function for chaos decrease to a particular constant value. This decrease rate has an exponential growth with a factor λ L (Lyapunov Exponent) which entirely depends on system properties and observable. Thus a bound on Lyapunov Exponent can be treated as measure of quantum chaos. Using quantum field theory it has been shown that an universal bound [1] on the Lyapunov exponent exists:This bound is unique feature for all classes of out of equilibrium quantum field theory set up. We have also discussed the saturation of chaos bound at late time scale using Random matrix theory (RMT) which was previously discussed in the quantization of classical chaotic systems, usually in the semi-classical or high quantumnumber regimes. For this discussion we construct Spectral From Factor (SFF) [2], which is arising from two point out of time orderd correlation (OTOC) function in RMT has been used to derive an alternative but strong bound on chaos. This gives us extra freedom to generalize our discussion for any quantum system with random interaction. This interaction has been included by a polynomial potential function of general order. Discussing the late time behavior of SFF. we get its upper bound. Also this approach is unique as the bound is valid for any arbitrary (infinite and finite) temperature. We also obtained a lower bound for SFF which depicts t...