Rinse the rice and keep it aside.
Press SAUTE mode on Instant Pot. When HOT add oil or Ghee into the inner pot of the Instant pot.
Add in the bay leaf, cumin seeds, cinnamon stick, cardamoms, and black peppercorns.
Add the sliced onions and sauté until they turn soft and lightly golden. Stir in the ginger-garlic paste and cook for another minute.
Add peas, rice, salt, garam masala, coriander powder, and green chilies. Mix everything well so the rice is coated in the flavors.Pour in water .
Close the lid on the pot, and turn the valve from VENTING to SEALING position.
Press CANCEL button and set the pot to MANUAL/PRESSURE COOK (High Pressure) and set timer to 5 minutes
Do a QUICK RELEASE (QR)
Open the lid and gently fluff up the rice with a fork
Peas pulao is ready, serve with yogurt or any Indian curry