Wash the basmati rice in running water a couple of times and soak the basmati rice in a bowl with enough water. Let it soak for 15 minutes maximum.
While the rice soaking,we will chop one onion and a few bell peppers and keep it ready.
Now let us prepare a quick masala with coriander seeds, chana dal, and red chilies. Add oil in a pan add red chilies, chana dal, coriander seeds and roast it medium flame till they turn golden brown. Please don't over roast it.
Once the spice cools down grind it into a fine powder. You can make this powder ahead and store it in a jar and use it in various Indian curry recipes.
Turn on the saute mode in instant pot. Once the pot displays hot, add 2 tablespoons of oil of your choice and add the whole spices -bay leaf, cinnamon sticks, cloves, and cardamom seeds. Saute for a minute and add the chopped onions.
Cook onion for a couple of minutes.If you want you can add ginger garlic paste at this stage.
Add the mini bell peppers and saute few seconds and add soaked rice without any water, turmeric powder, chili powder, and salt.
Now for 2 cups of rice add 2.5 to 3 cups of water maximum and change the mode to manual/pressure cook for 6 minutes with knobs in sealing position. Do a quick release.
Open the lid and wait for 5 minutes before you mix all together. Use a fork and mix the rice gently and add the spice powder
Our easy sweet bell pepper rice in instant pot is ready to serve. Today I'm serving this with tomato raita.