Cut the paneer into 1-inch cubes. Add some red chili powder, salt, ginger-garlic paste and oil. Mix everything well. Marinate for 15 minutes.Note: Spicing up the paneer enhances the taste, however, you can skip and just fry the plain paneer in oil and add it to the fried rice. Heat 2 tablespoons of oil in a pan. Once the oil is hot, add marinated paneer cubes. Saute for 4-5 minutes until paneer turns golden brown on all sides. Remove them from the pan and keep aside. You can also roast the paneer in the Air Fryer.
Press SAUTE on Instant Pot. Heat ghee (or oil), and add in the whole spices like cumin seeds, bay leaf, cinnamon, cloves, cardamom, star anise, and mace. Saute for a few seconds or till aromatic.
Next, add onion, and green chilies. Saute till the onions are soft and light brown.
Then add ginger garlic paste and saute for a few seconds.
Next, add in the green peas, and garam masala and saute for a minute.
Then mint and coriander leaves, and cook for a minute until the leaves wilt.
Next add rinsed basmati rice, water, and salt. Mix everything well.
Close the lid securely, and turn the vent to "SEALING". Select the PRESSURE COOK/MANUAL (High Pressure) setting and set the cooking time to 5 minutes.When the instant pot beeps, do a quick pressure release before removing the lid. Add some lemon juice, and sauteed paneer, and mix gently with a ladle.
Instant Pot Peas pulao or Matar pulao ki recipe is ready, serve with yogurt, raita, or any curry.