Rinse basmati rice until the water runs clear. Soak for 5- 10 minutes, then drain.
Turn Instant Pot to Sauté. Add vegan butter or oil.
2 tablespoon vegan butter
Once hot, add cumin seeds, cloves, cardamom, and bay leaf. Sauté for about 30 seconds until fragrant.
3 teaspoon cumin seeds, 4 green cardamoms, 4 clove spice, 2 bay leaves, 2 green chilies, ½ inch cinnamon sticks
Add cinnamon and green chilies. Stir for another 10–15 seconds.
Add drained rice and salt. Gently mix to coat the grains.
2 cups basmati rice, Salt to taste
Pour in water and give one final stir.
2½ cup water
Close the lid, set valve to Sealing, and pressure cook on High for 4 minutes.
Allow natural pressure release. Open lid and fluff gently with a fork.